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646 S Grand St
For Sale $2,595,000
$2,595,000
- 8 Units
- Unknown Sq Ft
- 12,632 Sq Ft
- Unknown Cap Rate
Description
8 one-bed, one-bath townhomes in the Old Towne Orange Area, right next to Hart Park. This is a fantastic Value-Add opportunity to have an 8-plex in a city without local rent control ordinances. The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. A few units have a fantastic view overlooking Hart Park and a commuter's dream of being next to public transit and the 22 Freeway. All the units have a similar layout with a living area and attached kitchenette on the ground level, while upstairs, you have a bedroom with an attached full bathroom. South Grand St is a walking pathway between Hart Park and the Old Towne Orange Plaza. Long time owner and long term tenants, all on month to month leases.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,595,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 7 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 39011104 |
| MLS # | PW24244186 |
| Property ID | 321103275 |
| Lot Sqft | 12,632 |
| Zoning | R-2-6 |
| Total Units | 8 |
| Days on Market | 368 |
| Original List Price | $2,595,000 |
| Applicances | Electric Oven,Electric Range,Electric Water Heater,Range Hood,Water Heater% |
| Date Updated | January 21, 2025 |
| Date Created | December 05, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $10,803 | $0 |
| Net Income (Yr) | $ 85,625 |
| Cap Rate | 2.57% |
Listing Provided By
AJ Ricci an agent of Ricci Realty. Lic #01985308
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 21, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT