753 Fondren St
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753 Fondren St
4 Unit Apartment Building $2,353,650 CAD ($588,413 CAD/Unit) 3.67% Cap Rate Orange, CA 92868
Investment Highlights
- All Two-Bedroom Townhome-Style Floorplans
- Community Features Include Community Pool & On-Site Laundry Facility
- Annual HOA Dues Cover Pool Service, Landscaping, Pest & Trash
- All Units Have Private Patios, Washer/Dryer Hookups & (1) Garage Space
- Recent Improvements Include New Exterior Paint & Select Units Renovated
- Walk to Multiple Neighborhood Retailers & Close to The Outlets of Orange (1.1 mi.), MainPlace Mall (3.0 mi.) & Old Towne Orange (4.0 mi.)
Executive Summary
753 S. Fondren Street is a fourplex opportunity located in Orange, walking distance to multiple neighborhood retailers. The property has all two-bedroom townhome floorplans that include washer/dryer hookups and one garage space per unit. Each unit is separately metered for gas and electric and recent capital improvements include new exterior paint (2024) and renovations in unit B & C.
Property Facts Under Contract
| Price | $2,353,650 CAD | Apartment Style | Low Rise |
| Price Per Unit | $588,413 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 3.67% | Building Size | 4,536 SF |
| Gross Rent Multiplier | 16.48 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,353,650 CAD |
| Price Per Unit | $588,413 CAD |
| Sale Type | Investment |
| Cap Rate | 3.67% |
| Gross Rent Multiplier | 16.48 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,536 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.88/1,000 SF |
Unit Amenities
- Washer/Dryer Hookup
Site Amenities
- Pool
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PROPERTY TAXES
| Parcel Number | 231-252-24 | Improvements Assessment | $135,418 CAD |
| Land Assessment | $65,597 CAD | Total Assessment | $201,016 CAD |
PROPERTY TAXES
Parcel Number
231-252-24
Land Assessment
$65,597 CAD
Improvements Assessment
$135,418 CAD
Total Assessment
$201,016 CAD
zoning
| Zoning Code | R-3 (Residential Multiple Family) |
| R-3 (Residential Multiple Family) |
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753 Fondren St
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