2032 Stearns ave, Orange, CA 92866
Active
$1,295,000
2 Units
5 Beds
4 Baths
2,163 Area(sq.ft.)
Lot: 7,841 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | $ 3,140 | $ 3,140 | $ 3,400 | |
| Unit 2 | 1 | 2 | 2 | $ 2,710 | $ 2,710 | $ 2,895 | |
| 2 | 5 | 4 | $ 5,850 | $ 5,850 | $ 6,295 |
| MLS #: | OC25090481MR |
| Days On Market: | 224 |
| Listing Date: | April 25, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 599 |
| Price per unit: | $ 647,500 |
| Year Built: | 1975 |
Property Details
Excellent Investment opportunity found in the highly desirable residential rental community of Orange, CA. Desirable Unit Mix which includes one (1) 3BD/2BA and one (1) 2BD/2BA unit. Proximity to the City's local amenities and educational institutions, including Downtown Orange and Chapman University (2.4 miles). Attached Garages with Direct Access to each unit and private backyard space as well. Residential Financing Available for 1-4 unit properties. Proximity to major transportations routes, including the 22 and 55 freeways. Potential for a House-Hacking investment; I.E. live in one unit and rent out the other.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 24,133 |
| Net Operating Income: | $ 43,961 |
| Cap Rate: | 3.39% |
| Gross Rent Multiplier: | 18.45 |
| Actual Gross Rent: | $ 5,850 |
Structure
| Community Features: | Suburban |
| Sewer: | Not Available |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Garage - 2 Car |
Interior
| Laundry: | Washer Hookup |
Exterior
| Pool: | No |
Detailed Map
Schools
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Income
