Available For Sale - Multifamily

7,017 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
7,017 SF
Price/SF
Show Pricing $
Listing ID
SA519524
Notes
SVN Vanguard is pleased to bring to market a well-maintained triplex located in a highly desirable Orange neighborhood. First time on the market in over 25 years! The Shattuck Street Apartments are located in central Orange, are 100% occupied and most tenants have been occupants for numerous years. The seller will be offering tenants a 1 year lease at close of escrow as part of the sale terms.



Featured units are composed of (1) 3 bedroom and 2 bathroom unit and (2) 2 bedroom and 1.5 bathroom townhome style units which are spacious and well designed featuring an outdoor landscaped recreation area for residence enjoyment. Additionally, there are (3) single-car garages accessible for each tenant. This building is located within an excellent rental location and boasts historically low vacancy rates with the ability to drastically increase rents beyond the expiration of the lease terms.



The Shattuck Street Apartments have 3 electric meters, 3 gas meters and 1 water/sewer meter. Landlord expenses include water, sewer, trash services and gardening. All tenant specific units are separately metered for electricity and gas. Other features of the Shattuck Street Apartments include newer bathrooms, fresh paint and flooring (units A & B) and a newer central air unit for unit C.



The Shattuck Street Apartments are located near the cross streets of Katella Avenue and Tustin Street with close proximity to many Southern California's family destinations



· First Time on Market in 25+ Years

· Desirable Neighborhood with Low Turnover

· 3 Units in Orange with Large Upside in Rents

· Separately Metered Electricity and Gas

· Convenient Location to Freeways, Shopping and More
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Mina Saeid, SVN