481 N Citrus St
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481 N Citrus St
2 Unit Apartment Building $1,950,000 ($975,000/Unit) 5.25% Cap Rate Orange, CA 92868
Investment Highlights
- Remodeled
- Rental History For Students
- Permitted ADU
Executive Summary
Welcome to this stunning single-family rental home with 2 bedroom ADU, an exceptional opportunity for investors seeking a stabilized asset. Spanning 1,900 square feet, this spacious property boasts 6 bedrooms and 3.5 bathrooms—an impressive layout that offers a significant investment advantage with a high bedroom count for its size.
The home has been updated with modern features, ensuring comfort and appeal. As you approach, you'll be greeted by incredible curb appeal, setting the stage for what lies within. The layout is ideal for a large family, making it highly attractive to renters.
Step outside to discover a large, beautiful backyard, perfect for outdoor activities and relaxation. Privacy trees enhance the sense of seclusion, offering a serene retreat for occupants.
This property’s combination of size, updates, and outdoor space makes it a rare find in the rental market. Due to the property’s current rental occupancy, additional interior and yard photos are available upon request.
Investors, don’t miss out on this unique opportunity to acquire a high-performing rental property with great potential for long-term returns. Contact us today to learn more!
The home has been updated with modern features, ensuring comfort and appeal. As you approach, you'll be greeted by incredible curb appeal, setting the stage for what lies within. The layout is ideal for a large family, making it highly attractive to renters.
Step outside to discover a large, beautiful backyard, perfect for outdoor activities and relaxation. Privacy trees enhance the sense of seclusion, offering a serene retreat for occupants.
This property’s combination of size, updates, and outdoor space makes it a rare find in the rental market. Due to the property’s current rental occupancy, additional interior and yard photos are available upon request.
Investors, don’t miss out on this unique opportunity to acquire a high-performing rental property with great potential for long-term returns. Contact us today to learn more!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$116,400
|
$59.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,400
|
$59.39
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,968
|
$7.13
|
| Net Operating Income |
$102,432
|
$52.26
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $116,400 |
| Annual Per SF | $59.39 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,400 |
| Annual Per SF | $59.39 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,968 |
| Annual Per SF | $7.13 |
| Net Operating Income | |
|---|---|
| Annual | $102,432 |
| Annual Per SF | $52.26 |
Property Facts
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 1 | $7,100 | 1,900 |
| 2+1 | 1 | $2,600 | 400 |
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Presented by
Kent Martin
481 N Citrus St
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