2026 Park Lane, Orange

$1,875,000

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9 Beds
8 Baths
.21 Acre
5 Garages

The Park Lane Apartments, are a recently renovated, Covington style 4-plex located within the Villa Park school district in the city of Orange. The subject property has recently received over $125,000 in renovations including new exterior paint, new windows, new landscaping, exterior lighting and new air conditioning condensers. The building is comprised of four nicely appointed units: 1 (3+2.5 TH), 1 (2+2), and 2 (2+1.5 TH). Constructed in 1975, the subject property has 4,394 rentable square feet and sits atop a 9,360 square foot lot. Three of the four units are townhome style with an upstairs downstairs floor plan. All 4 have enclosed patio areas and have access to a gated back yard area. There are 5 large enclosed garages at the property along with two additional spaces. Each of the apartments is separately metered for gas and electric and has central A/C. An onsite laundry room brings in additional income. The Park Lane Apartments present a unique opportunity for an owner occupant or investor to purchase a turn key apartment asset in a sought-after rental neighborhood in the city of Orange.

Essential Information

MLS® #
PW24078264
Price
$1,875,000
Bedrooms
9
Bathrooms
8.00
Acres
0.21
Year Built
1975
Type
Residential Income
Sub-Type
Quadruplex
Status
Active

Community Information

Address
2026 Park Lane
Area
RVB - Riverbend
City
Orange
County
Orange
Zip Code
92865
Community Features
Curbs, Street Lights
Senior Community
N

Amenities

Parking Spaces
7
Parking
Garage
# of Garages
5
Garages
Garage
Pool
None

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Interior

Heating
Forced Air
Cooling
Central Air
# of Stories
2
Stories
Two

Exterior

Windows
Double Pane Windows

Lot Description

Corner Lot, Level, Rectangular Lot

Additional Information

Date Listed
April 19th, 2024
Days on Market
16

Listing Details

Agent
Michael Arp
Office
Morgan Skenderian

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Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 2:55pm 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.