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Sold for $1,815,000 on 05/28/24
  • Listing Provided by: 

    Michael Arp DRE #01488586 949-251-8800,

    Morgan Skenderian

    $1,815,000

    2026 N Park Ln, Orange, CA 92865

    --beds
    --baths
    4,394sqft
    Quadruplex
    Built in 1975
    -- sqft lot
    $1,856,200 Zestimate®
    $413/sqft
    $2,831 Estimated rent

    What's special

    The Park Lane Apartments, are a recently renovated, Covington style 4-plex located within the Villa Park school district in the city of Orange. The subject property has recently received over $125,000 in renovations including new exterior paint, new windows, new landscaping, exterior lighting and new air conditioning condensers. The building is comprised of four nicely appointed units: 1 (3+2.5 TH), 1 (2+2), and 2 (2+1.5 TH). Constructed in 1975, the subject property has 4,394 rentable square feet and sits atop a 9,360 square foot lot. Three of the four units are townhome style with an upstairs downstairs floor plan. All 4 have enclosed patio areas and have access to a gated back yard area. There are 5 large enclosed garages at the property along with two additional spaces. Each of the apartments is separately metered for gas and electric and has central A/C. An onsite laundry room brings in additional income. The Park Lane Apartments present a unique opportunity for an owner occupant or investor to purchase a turn key apartment asset in a sought-after rental neighborhood in the city of Orange.

    Zillow last checked: 7 hours ago

    Listing updated: May 31, 2024 at 09:59am

    Listing Provided by:

    Michael Arp DRE #01488586 949-251-8800,

    Morgan Skenderian

    Bought with:

    Theodore Wong, DRE #02016737

    Compass

    Source: CRMLS,MLS#: PW24078264MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Laundry: Common Area
    Features
    • Windows: Double Pane Windows
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,394
    • Total interior livable area: 4,394 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Garage
    • Garage spaces: 5
    • Uncovered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Ground
    • Pool features: None
    Lot
    • Size: 9,148 sqft
    • Features: Corner Lot, Level, Rectangular Lot
    Details
    • Parcel number: 37213121
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Curbs, Street Lights
    Location
    • Region: Orange

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability
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    Estimated market value

    $1,856,200