Address
248 S Oak Street Orange, CA
Price
$ 1,195,000
Property Attributes
  • MLS#PW21188445
  • TypePending
  • CountyORANGE
  • CityOrange
  • AreaOrange & Garden Grove - E of Harbor - N of 22 F
  • Zip92866
  • Style
  • Price$ 1,195,000
  • Bedrooms6
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3527
  • Lot Size10,890 SqFt
Listing Provided Courtesy Of:
Michael Arp with Morgan Skenderian - 949-251-8800
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Rare value add opportunity in the city of Orange to acquire a 75% vacant 4-plex and the adjacent lot (zoned R-3 for multifamily) that is ready to build. 248 S. Oak Street is a single story 4-plex which is currently configured as (1) 3BD/1.75BA, (1) 2BD/1BA, (1) 1BD/1BA and (1) Studio/1BA. The 3 bedroom and studio can easily be converted back into their original configuration of 1 and 2 bedroom apartments. The property allows for an investor to add value as three units are vacant and can be rented at market level rents once repairs are completed. All apartments feature spacious layouts which include a kitchen nook area and sliding glass doors in the living rooms that open to patios. The building structure for 248 S. Oak Street is 3,528 and the rectangular shaped lot measures 10,972 square feet. The subject property is located just south of Chapman Ave. and is only 1.2 miles from Old Towne Orange. 230 S. Oak (parcel number 390-491-14) is a rectangular shaped lot which measures 9,287 square feet and is adjacent to the lot for 248 S. Oak Street. The lot should be ready to build as there is a driveway that has already been poured and an empty pool (fenced off for safety reasons) which sits at the back of the property. Per the City of Orange the lot is zoned R-3(A) for multifamily single story. 230 S. Oak Street is listed for sale for $450,000 and can be purchased together with 248 S. Oak Street or separately.

Price History
8/26/2021 Listed $1,195,000

General Features

Community Features Sidewalks
Garage Spaces 4
Garage Y/N Yes
Heating Wall Furnace
Levels One
Listing Agent Michael Arp - BRE#01488586
Listing Agent State License 01488586
Lot Size Square Feet 10890
MLS Area 72 - Orange & Garden Grove, E of Harbor, N of 22 F
Open Parking Spaces 4
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Pending
Stories 1
Terms Cash, Conventional, 1031 Exchange
Total Units 4
Water Sewer Expense 4400

Interior Features

Common Walls No Common Walls
Heating Y/N Yes
Laundry Features None

Exterior Features

Lot Features Rectangular Lot
Lot Size Acres 0.25
Lot Size Area 10890
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Total Parking 8
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 92866

Price
AVG $960K
$1.2M
Visits
AVG 185
22
Year Built
AVG 1948
1960
Walkscore
AVG 77
79
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.