Florida Street Townhomes is a 6-unit value-add investment opportunity with projected obtainable rental upside. The property has undergone a partial renovation including interiors along with recent exterior woodwork, paint and roof. Florida features strong in-place cashflow with upside as neighboring property (directly adjacent property) has proven market rents.… Read More The residents of Florida Street enjoy access to world class beaches, entertainment venues and easy access to the top employment centers in Southern California. The property is comprised of large (1) one bedroom, one-bath, (1) two-bedroom, two-bath, (3) two-bedroom, two and one half bath townhomes, and (1) three-bedroom, two and one half bath townhome. The units are 1,100 SQFT on average. The property has 11 total garage spaces, ten of which are direct access. Partial interior renovation includes, quartz/granite counters, upgraded cabinets, stainless appliances, dishwashers, tile and vinyl plank flooring, and side by side washer/dryers. Each unit features an enclosed patio or exterior balcony, the three bedroom unit includes both. Read Less
Property listed by NorthMarq Realty Services, Inc, Peter Hauser 949-302-1400
Listing Snapshot
Days Online
111
Last Updated
Property Type
Apartment
Lot Size
0.22 Acres
Year Built
1977
MLS Number
OC24185301
30 Days Snapshot Of 92648
$1,892k
+21%
(avg) sold price
18
-47%
homes sold
87
+16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1977, Building area total: 6,605, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Biking
Expenses
Electric expense: $1, Fuel expense: $1, Insurance expense: $1, Operating expense: $55,314, Trash expense: $1, Water sewer expense: $1
Garage
11 spaces
Income
Gross income: $210,816, Net operating income: $154,678
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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