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338 Kelly Avenue, Orange

$2,499,000 - 9 Beds - 7 Baths - .22 Acres - 13 DOM

IF PRIDE OF OWNERSHIP AND EASY FINANCING ARE YOUR BUYER'S PRIORITY, THEN BE SURE TO CHECK OUT THIS 4-PLEX!!! SEE SUPPLEMENT ATTACHED TO THIS LISTING FOR FINANCIAL ANALYSIS AND LIST OF REMODEL IMPROVEMENTS!!! ALSO, OWNER WILL CARRY FIRST T.D. LOAN with no prepay penalty for up to 10 years with min. down of 30%... Year (one) at 5%, year (two) at 5.5% and year (3) at 6%. Remaining terms are negotiable!!! Great opportunity for your Buyer!!! This OUTSTANDING 4-PLEX INVESTMENT in a GREAT LOCATION IN THE CITY OF ORANGE HAS IT ALL ---- SUPERB CONDITION!!! - GREAT INCOME AT $139,200 per yr.!!! - EXCEPTIONAL PROPERTY MANAGEMENT!!! "METICULOUSLY REMODELED" and "EXPERTLY MANAGED" over the last 6 years by one of Orange County's most discerning apartment owners. This 4-Plex is a true gem giving the term "TURNKEY PROPERTY" a new meaning. Virtually nothing to do when taking over this very well managed and remodeled 4-plex. Just purchase it and start collecting rents. It's highly unlikely that you will find a nicer more well maintained 4-Plex investment in Orange County. Located on a very nice and quiet Cul-de-sac street within walking distance of the "Traffic Circle" in "Old Towne Orange" and "Chapman College". All Brand New Central Heat and Air Conditioning for each unit. New Central Water water heater in laundry room. Ceilings in downstairs units have been insulated to quiet any noise from tenants above. New Roof, completely remodeled Kitchens and Bathrooms Including Tubs/Shower enclosures. All new window coverings. All new kitchen appliances. Purchase price includes new, in 2018, REFRIGERATORS AND 4 STACKED WASHER AND DRYER UNITS IN CENTRAL LAUNDRY ROOM FOR EACH TENANT. New Ceiling fans in all Living rooms, dining rooms and bedrooms. New canned lighting in kitchen ceilings. All new vinyl windows. Complete New Landscaping including beautiful artificial turf. Parking area Paving and Striping are in great condition having been repaved in 2018. All New Flooring in All units. All New complete Wood Fencing. Four Stacked Clothes Washers in central laundry owned by Seller. Therefore each tenant has their own designated washer/dryer which is free to use by each tenant. This is truly a property you must see to believe and appreciate. So, if you want to invest in the best 4-plex investment in Orange County, look no further. You have just found it!!!

Listing Agent
Bob Walz - New Dimension Investment Prop

Essential Information

For 338 Kelly Avenue, Orange
  • MLS® # OC24059676
  • Price $2,499,000
  • Bedrooms 9
  • Bathrooms 7.00
  • Acres 0.22
  • Year Built 1969
  • Type Residential Income
  • Sub-Type Apartment
  • Status Closed

Community Information

For 338 Kelly Avenue, Orange
  • Address 338 Kelly Avenue
  • Area OTO - Old Towne Orange
  • City Orange
  • County Orange
  • Zip Code 92866

Amenities

For 338 Kelly Avenue, Orange
  • Parking Spaces 4
  • # of Garages 4
  • View Courtyard
  • Pool None

Utilities

For 338 Kelly Avenue, Orange

Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Electricity Available

Parking

For 338 Kelly Avenue, Orange

Assigned, Covered, Garage, Storage, Garage Faces Side

Garages

For 338 Kelly Avenue, Orange

Assigned, Covered, Garage, Storage, Garage Faces Side

Interior

For 338 Kelly Avenue, Orange
  • Interior Laminate
  • Appliances Built-In Range, Dryer, Washer
  • Heating Central
  • Cooling Central Air
  • Fireplace Yes
  • Fireplaces Living Room
  • # of Stories 2

Interior Features

For 338 Kelly Avenue, Orange

Balcony, Block Walls, Granite Counters, Unfurnished, Wired for Data

Exterior

For 338 Kelly Avenue, Orange
  • Roof Asbestos Shingle
  • Foundation Concrete Perimeter

Lot Description

For 338 Kelly Avenue, Orange

Cul-De-Sac, Front Yard, Lawn, Rectangular Lot, Sprinkler System, Garden, Street Level

Additional Information

For 338 Kelly Avenue, Orange
  • Date Listed March 22nd, 2024
  • Days on Market 13

Listing Details

For 338 Kelly Avenue, Orange
  • Agent Bob Walz
  • Office New Dimension Investment Prop

Price Change History for 338 Kelly Avenue, Orange, (MLS® #OC24059676)

Date Details Change
Status Changed from Active Under Contract to Closed
Status Changed from Active to Active Under Contract

Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 8:55pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.