$1,590,000
$1,495,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 03/07/2022
Key Details
Sold Price $1,590,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision ,None
MLS Listing ID PW22005543
Sold Date 03/07/22
HOA Y/N No
Year Built 1979
Lot Size 0.260 Acres
Property Description
The Lewis Street 4-plex is a Covington concept 4-plex built in 1979. The structure measures 4,221 square feet and sits atop a large, 11,536 square foot lot. The unit mix consists of one 3 bedroom / 2 bathroom apartment and three 2 bedroom / 2 bathroom apartments. All apartments are well appointed with spacious layouts and come with a garage and at least one assigned parking space. The three bedroom owner unit has a direct access double car garage which is separate from the other garages. The 3 bedroom is currently vacant providing an immediate opportunity for an owner occupant or for an investor to rent it at the historically high market rent rate. The downstairs apartments have private, enclosed patios while the upstairs apartments have balconies. There is an onsite laundry room which provides additional monthly income along with being a nice amenity for tenants. Major employment is within close walking distance with the Kaiser Permanente Health Pavilion (5 minutes) and the UCI Medical Center (15 minutes) are down the street. The Lewis Street 4-plex is an ideal purchase for first time buyers or seasoned investors looking for an easy to run investment.
Location
State CA
County Orange
Area 78 - Anaheim East Of Harbor
Zoning R3
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Total Parking Spaces 10
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 13745131
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Jordan Tripp Jeffrey Blank, Broker