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Listed by Scott Gerard, DRE #01004111 • Gerard Properties Inc.
$ 3,190,000
Est. payment /mo
Contingent
219 S Oak ST Orange, CA 92866
0.49 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CROC26168756
Year Built 1967
Lot Size 0.486 Acres
Source California Regional MLS
Property Description
Rare Opportunity: Two Orange Fourplexes on Two Expansive Separate Lots - Conventional Residential Financing Available - No Commercial Loan Required! 219 & 229 S. Oak Street present an exceptionally rare opportunity to acquire two contiguous fourplexes being sold together. 219 Oak was built in 1967 and 229 Oak was built in 1957. Each property consists of only four residential units, each building qualifies for its own conventional conforming residential financing, eliminating the need for commercial financing and providing investors with more attractive lending options. Together, the properties comprise 8 apartment units situated on two separate parcels totaling approximately 21,168 square feet. This unique offering allows an investor to benefit from the economies of scale associated with a larger apartment investment while maintaining the flexibility and financing advantages of owning two separate four-unit properties. Each fourplex consists of three 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with approximately 2,738 square feet of living space per building. Located at the end of a cul-de-sac, the two buildings face one another across a beautifully landscaped shared courtyard enclosed by a classic white picket fence. This charming cottage-style setting c
Location
State CA
County Orange
Area Oto - Old Towne Orange
Interior
Heating Wall Furnace
Laundry Gas Hookup, 30
Exterior
Garage Spaces 16.0
Pool None
Building
Lot Description Corners Marked
Story One Story
Water District - Public
Others
Tax ID 39049109
Special Listing Condition Not Applicable , Accepting Backups
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