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Sold for $1,855,000 on 08/01/25
  • Listing Provided by: 

    Nick Peters DRE #00880972 310-308-2609,

    Real Brokerage Technologies

    $1,855,000

    408 W La Veta Ave, Orange, CA 92866

    9beds
    8baths
    5,104sqft
    Multi Family
    Built in 1965
    -- sqft lot
    $-- Zestimate®
    $363/sqft
    $3,588 Estimated rent

    What's special

    HUGE 4plex! In the last 30 years in the entire city of Orange, only about a dozen 4plexes have sold that were this size or bigger. What an opportunity! Size does matter in income property - the bigger the units, the more rent you can eventually charge. ** Right now there are only four other 4plexes on the market in the city and their average size is about 3,900. 408 W La Veta is 5,104 SF. ** La Veta sides to a big culdesac. ** The OWNER’s unit is huge - about 1,500 SF - with its own en suite (private bedroom/bathroom). A full laundry is in the hall near kitchen. Large private front patio outside front door. ** Good old fashioned wood burning fireplace too, in the living room! The other 2 bedrooms have a full bathroom in a “Jack and Jill" set up, so both bedrooms have private and direct access to a full bath. ** Entire building is electric - so there are no gas bills. ** All 3 other units are townhome styled, so no one is above them. ** Every unit has its own private garage and own water heater. Parking: there are 4 individual garages plus 2 open parking spaces. ** Motivated and reasonable seller. Will consider doing a loan "buydown" so that the interest rate is fixed the first year at 4.5% and the second year is 5.5%!! Call for details. ** All units are Month to Month, no leases. ** Super convenient and close to 5 freeways!!: 5, 22, 55, 57 and 91, making travel throughout LA and Orange Counties and beyond a breeze. ** Proximity to retail stores and residential areas often indicates a higher demand for rental properties. ** Seller already paid for all 3 inspection reports (home, termite and sewer) and these will be provided free to the buyer. ** Seller in midst of a $25,000 small renovation: landscaping, stucco patch and full exterior paint, all new exposed roof wood members, roof tune up. Should be done early July.

    Zillow last checked: 7 hours ago

    Listing updated: August 06, 2025 at 12:15pm

    Listing Provided by:

    Nick Peters DRE #00880972 310-308-2609,

    Real Brokerage Technologies

    Bought with:

    Dale Cheema, DRE #00893619

    Keller Williams Realty Irvine

    Source: CRMLS,MLS#: SB25129866MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    Heating
    • Electric, Radiant
    Cooling
    • None
    Appliances
    • Included: Refrigerator
    • Laundry: Common Area, Washer Hookup, Electric Dryer Hookup, Laundry Closet, Outside
    Features
    • Has fireplace: Yes
    • Fireplace features: Living Room, Raised Hearth, Wood Burning
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,104
    • Total interior livable area: 5,104 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Assigned
    • Garage spaces: 4
    • Uncovered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: ground level
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 8,455 sqft
    • Features: Corner Lot, Cul-De-Sac, Street Level
    Details
    • Parcel number: 39063139
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Composition
    Condition
    • Repairs Cosmetic,Updated/Remodeled
    • New construction: No
    • Year built: 1965

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Gutter(s), Street Lights, Sidewalks
    Location
    • Region: Orange

    HOA & financial

    Other financial information
    • Total actual rent: 9110

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,FHA,VA Loan
    • Road surface type: Paved
    Services availability