Property Detail

Description

Rare pride-of-ownership 5-unit investment opportunity located in a highly desirable residential neighborhood comprised primarily of single-family homes and smaller apartment buildings, creating strong long-term resident appeal. Built in 1977, the property generates current annual income of $148,380 and has been well maintained with recent capital improvements including a new roof installed over the rear building in 2024 and a new water heater installed in 2025. The property features an excellent unit mix consisting of two 1-bedroom/1-bath units, two 2-bedroom/2-bath units, and one spacious 3-bedroom/2.5-bath townhouse-style unit. The large 3-bedroom residence offers private front and side yards, a rear patio, and is assigned two side-by-side garages with automatic openers. Each additional unit is assigned a private one-car garage with automatic opener, while two additional garages are currently rented for storage income. Ideally located just over half a mile from Beach Boulevard, the property offers convenient access to shopping, dining, and the 405 and 22 freeways, making it an attractive rental location in a strong Orange County housing market. The operating expenses listed only consist of utilities, current property taxes, current insurance, gardening, and property management.