$12,200,000
$12,950,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Acres Lot
SOLD DATE : 01/20/2022
Key Details
Sold Price $12,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21197339
Sold Date 01/20/22
HOA Y/N No
Year Built 1961
Lot Size 2.000 Acres
Property Description
Pride of ownership, turnkey asset with rental upside along the coast. Fairview Park Townhomes is a 24-unit apartment community that's located within steps from Canyon Park, Talbert Nature Preserve, and the Santa Ana River trail. Fairview Park Townhomes is the perfect multifamily investment for the right investor, an opportunity to acquire a value-add asset in one of the nation's hottest submarkets. The two-story community features spacious two-bedroom floor plans with an average size of 1,028 square feet. Built-in 1961, it comprises 6 residential buildings totaling 24,685 rentable square feet on a 2.0-acre site. The property boasts a swimming pool, laundry rooms, private patios, leasing office, storage area, lush landscaping, and garage parking.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry CommonArea
Exterior
Garage Spaces 24.0
Garage Description 24.0
Pool InGround, Private
Community Features Hiking, Sidewalks
Total Parking Spaces 24
Private Pool Yes
Building
Lot Description CornerLot
Story 2
Entry Level Two
Sewer PublicSewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 42205104
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing CashtoLoan
Special Listing Condition Standard
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Bought with Mike Marcu • Mike Marcu, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "