743 S Fondren St
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743 S Fondren St
4 Unit Apartment Building $1,625,000 ($406,250/Unit) 3.76% Cap Rate Orange, CA 92868
Investment Highlights
- All Two-Bedroom Townhome-Style Floorplans
- Community Features Include Community Pool & On-Site Laundry Facility
- Annual HOA Dues Cover Pool Service, Landscaping, Pest & Trash
- All Units Have Private Patios, Washer/Dryer Hookups & (1) Garage Space
- Recent Improvements Include New Exterior Paint & Select Units Renovated
- Walk to Multiple Neighborhood Retailers & Close to The Outlets of Orange (1.1 mi.), MainPlace Mall (3.0 mi.) & Old Towne Orange (4.0 mi.)
Executive Summary
743 S. Fondren Street is a fourplex opportunity located in Orange, walking distance to multiple neighborhood retailers. The property has all two-bedroom townhome floorplans that include washer/dryer hookups and one garage space per unit. Each unit is separately metered for gas and electric and recent capital improvements include new exterior paint (2024) and renovations in unit C.
Property Facts
| Price | $1,625,000 | Property Subtype | Apartment |
| Price Per Unit | $406,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 3.76% | Building Size | 4,536 SF |
| Gross Rent Multiplier | 16.23 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.88/1,000 SF |
| Price | $1,625,000 |
| Price Per Unit | $406,250 |
| Sale Type | Investment |
| Cap Rate | 3.76% |
| Gross Rent Multiplier | 16.23 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,536 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.88/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | $2,100 | 1,134 |
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PROPERTY TAXES
| Parcel Number | 231-252-25 | Improvements Assessment | $103,171 |
| Land Assessment | $49,977 | Total Assessment | $153,148 |
PROPERTY TAXES
Parcel Number
231-252-25
Land Assessment
$49,977
Improvements Assessment
$103,171
Total Assessment
$153,148
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743 S Fondren St
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