Recently Viewed Properties

Recently Viewed Properties

130 W Hoover Avenue, Orange, CA 92867

$3,810,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago
130 W Hoover Avenue, Orange, CA 92867 View this property at 130 W Hoover Avenue, Orange, CA 92867
130 W Hoover Avenue Orange CA 92867

Property Description

The Century West Apartments is an exceptionally well located rental property just a mile north of Old Town Orange and Chapman University. This added value opportunity will allow a savvy investor to achieve significantly higher rents through upgrades and improvements. Other buildings in the neighborhood are achieving rent levels approximately 25% higher than the subject. A highly desirable unit mix of 1 & 2 Bedrooms with garages will be attractive to numerous tenant types keeping the building's occupancy near 100%. The property also offers two separate parcels allowing an investor to potentially split the assets if desired and finance each building individually. Also, being that these are individual 10 unit buildings it is not required to
have an onsite manager further reducing expenses.

Full Property Details for 130 W Hoover Avenue

  • Price: $3,810,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: PW16753907
  • Updated: 11/28/2016
  • Added: 12 day(s) ago

Property History

  • 130 W Hoover Avenue, Orange, CA
  • Listed at $3,810,000 on 11/28/16

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 20

Location

  • Area: 699 - Not Defined
  • County: Orange
  • Development Name: 699 - Not Defined
  • Driving Directions: South of W. Katella Avenue and west of the 55 freeway

Utilities

  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 21

Structural Information

  • Square Feet: 12,055
  • Year Built: 1961

Unit Information

Unit 1

  • Number of Units: 16
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 4
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size Source: Assessor
  • Lot Description: 16-20 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $316.05

Listed by Morgan Skenderian, Rick Applebaum

See This Home

Or call us at (800) 500-4053

Estimate the Cost

130 W Hoover Avenue will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

Get pre-approved to see if you qualify for properties in this budget.

*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

130 W Hoover Avenue, Orange, CA 92867 (MLS# PW16753907) is a Multi-Family property with 20 units containing 0 bedrooms and 0 full bathrooms. 130 W Hoover Avenue is currently listed for $3,810,000 and was received on November 28, 2016. Want to learn more about 130 W Hoover Avenue? Do you have questions about finding other Multi-Family real estate for sale in Orange? You can browse all Orange real estate or contact a Coldwell Banker agent to request more information.

Listed by Morgan Skenderian, Rick Applebaum

View more homes