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1823 E Coral Ave
Orange, CA 92865
East Coral Drive Apartments · Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,990 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 0.25/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | R3, Orange | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,990 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.25/1,000 SF |
| Zoning | R3, Orange |
AMENITIES
UNIT AMENITIES
- Fireplace
SITE AMENITIES
- Laundry Facilities
- Security System
ABOUT 1823 E CORAL AVE , ORANGE, CA 92865
The subject property was built in 1973 featuring studio, three, three-bedroom/two-bathroom and one, two-bedroom/two-bathroom units. The roof is pitched and built with composition shingle. The building square footage is 3,987 and the lot square footage is 9,148. The building has deferred maintenance and current rents about 32 percent below market allowing an in-vestor significant upside in repairing and upgrading the building to acheive market rents. This is a unique opportunity to purchase a well located asset in a true value-add position.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 900 |
| 3+2 | 3 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 372-312-21 | Improvements Assessment | $258,844 |
| Land Assessment | $1,174,595 | Total Assessment | $1,433,439 |
PROPERTY TAXES
