$2,875,000

Investment Opportunity/ Leases In Place/ 1031

  • 5 Beds
  • 6 Baths
  • 2,918 Sqft
  • Updated: August 5
  • 1
    Views for last 30 days
  • MLS#OC26160501

About the Property

Rare opportunity to acquire one of four tenant-occupied investment properties available individually or as part of a premier Orange County residential income portfolio. This property is currently leased at $15,000 per month under a 3-year lease with a 3-year extension option and 5% annual rent increases, providing immediate income and long-term stability for investors. Beautifully remodeled, this
Rare opportunity to acquire one of four tenant-occupied investment properties available individually or as part of a premier Orange County residential income portfolio. This property is currently leased at $15,000 per month under a 3-year lease with a 3-year extension option and 5% annual rent increases, providing immediate income and long-term stability for investors. Beautifully remodeled, this exceptional two-story residence offers approximately 2,918 square feet with 5 bedrooms, 6 bathrooms, and an attached two-car garage on an expansive 8,470 square foot lot. The open-concept floor plan features a massive kitchen island, quartz countertops, abundant cabinetry, a professional-style 6-burner gas range with grill/griddle, vent hood, recessed lighting, and spacious living and dining areas. The oversized entertainer’s backyard includes a detached bonus room (not an ADU), a welcoming front porch, professionally maintained landscaping, artificial turf, and a classic Spanish tile roof. Ideally located near parks, shopping, restaurants, highly regarded schools, and major freeways. Tenants currently pay all utilities and day-to-day operating expenses, while the owner is responsible for property taxes, insurance, and repairs. 1031 exchange friendly. Seller financing may be available for qualified buyers with acceptable terms.
  • Property type

    House

  • Price/sqft

    $985

Features

Features

Lot

Indoor

  • High Ceiling
  • Kitchen island
  • Gas Stovetop
  • Bar
  • Stone Countertops
  • Walk In Closet

Outdoor

  • Terrace
  • Fire Pit
  • Pool
  • Garage
  • Outdoor Living Space
  • Garden

Explore the Area

17928 Toiyabe, Fountain Valley, California, United States View on Google Maps
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Mikey Bente and Debra Gietter -

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Mikey Bente and Debra Gietter -
California, United States
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6
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2024
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Mikey Bente and Debra Gietter - Luxre Realty, Inc.
92648, Huntington Beach, California, United States
View agency profile
Last updated
August 5
First listed
Jul 30
Listing reference
229478
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