Active
$2,750,000
3 Units
3 Beds
3 Baths
1,939 Area(sq.ft.)
Lot: 3,916 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 5,295 | $ 5,295 | $ 5,295 |
| Unit 2 | 1 | studio | 1 | No | $ 1,880 | $ 1,880 | $ 2,000 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,980 | $ 2,980 | $ 3,250 |
| 3 | 3 | 3 | $ 10,155 | $ 10,155 | $ 10,545 |
| MLS #: | 25533049 |
| Days On Market: | 279 |
| Listing Date: | May 1, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,418 |
| Price per unit: | $ 916,667 |
| Year Built: | 1936 |
Property Details
617-21 Lombardy Lane, "Villa Lombardy", consists of two buildings on one lot. The first building is a newly renovated two-bedroom single-family residence. In the rear of the property is a separate building with a one-bedroom unit upstairs and a non-conforming studio downstairs. Within the past few years, there has been over $600,000 into capital improvements put into the front single-family home at 617 Lombardy Lane. Located within walking distance to several iconic beaches, this is an ideal opportunity for investors.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 121,885 |
| Total Annual Expense: | $ 42,277 |
| Net Operating Income: | $ 79,607 |
| Gross Annual Income: | $ 125,541 |
| Gross Rent Multiplier: | 21.91 |
Structure
| Type of Units: | Apartments |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Garage, Uncovered |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | None |
Exterior
Detailed Map
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Income
