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1908 E Coral Ave 4 Unit Apartment Building $1,795,000 ($448,750/Unit) 4.30% Cap Rate Orange, CA 92865



Investment Highlights
- Large 4,231 Square Foot 4 Plex
- Two Units Recently Renovated
- Patios, Balconies, A/C, Laundry
- 2 and 3 Bedrooms
- (5) Garages & (4) Open Spaces
- Highly Motivated Seller
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$115,080
|
$27.20
|
| Other Income |
$1,200
|
$0.28
|
| Vacancy Loss |
$3,488
|
$0.82
|
| Effective Gross Income |
$112,792
|
$26.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$35,889
|
$8.48
|
| Net Operating Income |
$76,903
|
$18.18
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $115,080 |
| Annual Per SF | $27.20 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.28 |
| Vacancy Loss | |
|---|---|
| Annual | $3,488 |
| Annual Per SF | $0.82 |
| Effective Gross Income | |
|---|---|
| Annual | $112,792 |
| Annual Per SF | $26.66 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $35,889 |
| Annual Per SF | $8.48 |
| Net Operating Income | |
|---|---|
| Annual | $76,903 |
| Annual Per SF | $18.18 |
Property Facts
| Price | $1,795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $448,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.30% | Building Size | 4,231 SF |
| Gross Rent Multiplier | 15.44 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Zoning | R-3, Orange | ||
| Price | $1,795,000 |
| Price Per Unit | $448,750 |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| Gross Rent Multiplier | 15.44 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,231 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | R-3, Orange |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
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Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 372-312-30 | Improvements Assessment | $209,863 (2025) |
| Land Assessment | $1,541,130 (2025) | Total Assessment | $1,750,993 (2025) |
Property Taxes
Parcel Number
372-312-30
Land Assessment
$1,541,130 (2025)
Improvements Assessment
$209,863 (2025)
Total Assessment
$1,750,993 (2025)
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1908 E Coral Ave
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