Placentia, CA 92870,424 W Center ST
$1,175,000
$1,175,000
Est.Price: ?

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0.27 Acres Lot

424 W Center ST Placentia, CA 92870

Est. payment /mo
SOLD DATE : 02/13/2015

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Key Details

Sold Price $1,175,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Chapman Plaza (Chap)

MLS Listing ID OC14239008

Year Built 1979

Lot Size 0.269 Acres

Property Description

The subject property, located at 418-424 W. Center St., is a 6 unit apartment building consisting of two 3 unit buildings, each on its own parcel. Built in 1979 of frame and stucco construction the property boasts a superior unit mix with each building consisting of 2 two bedroom one bath units and 1 three bedroom two bath unit with each unit having its own private one car garage. Residents enjoy the proximity of the property to transportation, shopping, and restaurants in downtown Placentia. An additional feature of the offering is the ability for an investor to lock in 30 year fixed rate debt due to each parcel being classified as residential, thereby avoiding any interest rate fluctuation and its resulting impact on cash flow.

Location

State CA

County Orange

Area 84 - Placentia

Interior

Heating Central

Cooling Central Air

Laundry Common Area

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Suburban

Utilities Available Sewer Connected

Roof Type Flat

Building

Lot Description Near Public Transit

Story Two

Water Public

Others

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gary Kaufman • Gary Kaufman, Broker
Bought with Ani Tamoukian • Seven Gables Real Estate

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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