2689 Bourbon Street, Orange

$1,449,900

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4 Beds
4 Baths
.19 Acre
6 Garages

Extremely well-maintained and highly upgraded fourplex located in the prime area of East Orange next to Villa Park with easy access to the 55 and 91 freeways. All units are townhome style 2 bedroom and 2 baths measuring approx. 1,000 SF each. Two of the units are 2BD/2BA with a 2-car attached garage and have a spacious patio for entertaining. The other two units are 2BD/1.5BA with a 1-car attached garage and a deck. All units are individually metered for water, gas, and electric and have stable, long-term tenants with strong upside potential in rents. Tenants enjoy individual inside laundry facilities in each unit and their own central heat and A/C. The strategic location is in close proximity to The Village at Orange shopping mall and Old Town and offers residents convenient access to major retailers, grocers, dining, and entertainment options as well as access to employment hubs in surrounding cities. The location is in an area known for its strong tenancy, good rent growth, and historically high occupancy rates Yearly gross scheduled income is excellent while offering room for upside potential in rents. Excellent investment opportunity for new or seasoned investors. Also great for owner occupant!! This is the one you’ve been waiting for! Please note, this property is part of a large ground lease that includes both Residential Units and Retail that expires in 2063.

Essential Information

MLS® #
OC24030412
Price
$1,449,900
Bedrooms
4
Bathrooms
4.00
Acres
0.19
Year Built
1979
Type
Residential Income
Sub-Type
Quadruplex
Style
Contemporary
Status
Active

Community Information

Address
2689 Bourbon Street
Area
699 - Not Defined
City
Orange
County
Orange
Zip Code
92865
Community Features
Curbs, Sidewalks
Senior Community
N

Amenities

Parking Spaces
8
# of Garages
6
View
None
Pool
None

Utilities

Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected, Cable Available

Parking

Direct Access, Driveway, Garage, Door-Single, Garage Door Opener, Garage Faces Side, Shared Driveway

Garages

Direct Access, Driveway, Garage, Door-Single, Garage Door Opener, Garage Faces Side, Shared Driveway

Interior

Interior
Carpet, Tile
Heating
Central
Cooling
Central Air
Fireplaces
None
# of Stories
2
Stories
One

Interior Features

Open Floorplan, Recessed Lighting, Balcony, Granite Counters, Tile Counters

Appliances

Dishwasher, Free-Standing Range, Disposal, Gas Water Heater, Range Hood, Gas Cooktop

Exterior

Exterior
Drywall, Stucco, Wood Siding
Roof
Composition
Construction
Drywall, Stucco, Wood Siding
Foundation
Slab

Lot Description

Landscaped, Sprinklers In Front

Additional Information

Date Listed
February 10th, 2024
Days on Market
69

Listing Details

Agent
Chuck Cummings
Office
Re/Max Coastal Homes

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Chuck Cummings - Re/Max Coastal Homes

Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 5:56am 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.