$3,160,000
$3,195,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
0.49 Acres Lot
SOLD DATE : 01/02/2023
Key Details
Sold Price $3,160,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision ,None
MLS Listing ID PW22211675
Sold Date 01/02/23
HOA Y/N No
Year Built 1963
Lot Size 0.487 Acres
Property Description
The Lorna Apartments has an attractive assumable interest only loan at 3.45% till 7/2026. It is a proud of ownership apartment property built in 1963 of wood frame and stucco construction on a 21,201 sqft lot. The property has highly desirable unit mix of spacious one 3 Bedroom 2 Bath front unit and six 2 Bedroom 1 Bath units. The units are nicely lay out and have private patios. It is separately metered for gas and electricity and each unit has
its own hot water heaters. There is ample onsite parking with 8 parking garages and 8 open parking spaces in front of the garages.
There is an onsite laundry facility for the convenience of the tenants. Major recent improvement includes new roof, paving, rain
gutters, and landscape upgrades. It is a well-maintained income property with a turnkey operation with many potentials. There are no assessor building sqft. Unit Sqft is estimated. Buyer and Buyer's agent to verify.
Location
State CA
County Orange
Area 63 - Garden Grove S Of Chapman, W Of Euclid
Interior
Fireplaces Type Outside
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Urban
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Total Parking Spaces 16
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 21510208
Acceptable Financing Cash to Existing Loan
Listing Terms Cash to Existing Loan
Financing Assumed
Special Listing Condition Standard
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Bought with Grant Hahn • Morgan Skenderian