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454 S Shaffer St.

Orange, CA 92866
  • $1,049,995
  • STATUS: Active Under Contract
  • ON SITE: 20 Days
  • ID#: PW22126699
Under Contract
UPDATED: 54 min ago
$1,049,995
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Daniel Gutierrez of Allview Real Estate (949-400-4275)


Description

Amazing Multi Family Investment opportunity in Downtown Orange, near Chapman University and The Orange Circle! 452 & 454 S Shaffer St is a beautiful duplex with huge income potential. This Duplex is an investors dream with it's ideal location next to Chapman University and the popular Downtown Orange and The Circle. There is also potential for adding an ADU in the large rear area of the property (buyer to do own due diligence).This asset has been family owned and managed for over 40yrs. This is the first time the property has come on the market in over four decades! Located on large lot, this duplex has a desirable unit mix with an updated 3 bed 1 bath apartment on the 1st floor and an updated 2 bed 1 bath apartment on the second floor. The property offers appealing amenities including security doors, a shared courtyard and large backyard, two 1 car garages, + extra storage and shared parking. Both units are ready for the busy summer season where you to set your own rents or even live in one unit while generating income from the other.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-03T15:28:00.503. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/129776655
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454 S Shaffer St. Orange, CA 92866

  • Price: $1,049,995
  • Status: Active Under Contract
  • On Site: 20 Days
  • Updated: 54 min ago
  • ID#: PW22126699
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1954
Built
Neighborhood:
OTO - Old Towne Orange
County:
Orange
Area:
OTO - Old Towne Orange
Property Description
Amazing Multi Family Investment opportunity in Downtown Orange, near Chapman University and The Orange Circle! 452 & 454 S Shaffer St is a beautiful duplex with huge income potential. This Duplex is an investors dream with it's ideal location next to Chapman University and the popular Downtown Orange and The Circle. There is also potential for adding an ADU in the large rear area of the property (buyer to do own due diligence).This asset has been family owned and managed for over 40yrs. This is the first time the property has come on the market in over four decades! Located on large lot, this duplex has a desirable unit mix with an updated 3 bed 1 bath apartment on the 1st floor and an updated 2 bed 1 bath apartment on the second floor. The property offers appealing amenities including security doors, a shared courtyard and large backyard, two 1 car garages, + extra storage and shared parking. Both units are ready for the busy summer season where you to set your own rents or even live in one unit while generating income from the other.
Exterior Features

Carport Spaces 0 Fencing Chain LinkWood Foundation Details Slab Lot Features Back YardFront YardGardenLawnLandscapedStreet Level Number Of Separate Electric Meters 2 Open Parking Spaces 4 Parking Features ConcreteDoor-MultiDrivewayGarageOn SiteOff StreetGarage Faces Rear Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Roof Asbestos Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Range Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 68400 Gross Scheduled Income 68400 Insurance Expense 1300 Land Lease YN No Laundry Features In Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalContract1031 ExchangeFhaFannie MaeFreddie MacVa Loan Net Operating Income 63400 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 5000 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions StandardTrust Tax Annual Amount 3360.9 Tax Year 2022 Tenant Pays ElectricityGasPest Control Trash Expense 400 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 500 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-03T15:28:00.503. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Daniel Gutierrez of Allview Real Estate (949-400-4275)