1914 E Adams Ave
Orange, CA 92867
Tri-Plex · Multifamily Property For Sale · 3 Units

Upside in rents - market rents are $2,300 for 2 bdrm units and $1,650 for 1 bdrm units. Only 12.3 x gross on market rents and 6.07% cap rate on market rents. See Offering Memorandum for more info on cash flow and expenses. Freshly painted triplex located on corner lot. Two units are two bedroom 1 bath. These two units are townhouse two story style. Third unit is one bedroom and bathroom located upper level over three one car garages. The two story units have first floor fireplaces and laundry hookups on patio off kitchen. Newer vinyl windows. Separate water heaters for each unit. Separate enclosed garage for each unit. Very low expenses – owner pays for water, trash, insurance and annual fire inspection only. Good long term tenants. Huge lot with possibility to add another unit and open back fence for more parking pads, carports or garages. Excellent location - Walking distance to Tustin Ave. Close proximity to plenty of restaurants, the U.S. Post Office and shopping. Close to 55 freeway and Chapman University. Property interiors need some cosmetic TLC - paint, flooring, etc. Exterior is in good condition and interior condition is average. Seller is willing to negotiate price discount for repairs.