Rare opportunity to acquire a well-maintained 4-unit multifamily property situated on an expansive 11,000+ sq ft lot in the desirable city of San Juan Capistrano. This property offers strong in-place income with minimal owner expenses.
Each spacious unit features 3 bedrooms, 2 bathrooms, brand new roof, fireplaces, in-unit laundry rooms, private yards, 4 garages, and central A/C, along with numerous upgrades throughout the property. The building is 100% occupied, providing immediate and stable cash flow. Tenants pay all utilities including electricity, gas, and water, significantly reducing operating expenses. Ownership is responsible only for gardening and insurance, making this a low-maintenance investment.
Property Sub Type:
Quadruplex
Property Attached:
No
Lot Area:
10,890 sq. ft.1,012 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1989
(Age: 37)
General Listing Location:
San Juan Capistrano, DO - Del Obispo
County Or Parish:
Orange
Common Interest:
None
Gross Income:
$218,400
Gross Scheduled Income:
$218,400
Net Operating Income:
$191,600
Cap Rate %:
6.85
Rent Control:
No
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Insurance Expense:
$4,081
Maintenance Expense:
$1,200
Taxes expense:
20800.0
Operating Expense:
$1,500
Other Expense:
$1,200
Trash Expense:
$0
Water and Sewer Expense:
$0
Tax Lot:
68
Cross Streets of Alipaz Street & Del Obispo Street
View:
None
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
1
Community Features:
Sidewalks
Senior Community:
No
Laundry Features:
Inside
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Back Yard, Front Yard
Fireplace Features:
None
Subdivision Name:
Alipaz (ALIP)
Levels:
One, Two
Num Stories:
2
Entry Level:
2
Entry Location:
W
New Constr.:
No
Roof:
Shingle
Common Walls:
No Common Walls
# Units:
4
Heating:
Central
Fireplace:
No
Cooling:
Central Air
Utilities:
Natural Gas Connected, Sewer Connected, Water Connected