Description
Investors: 6.12 cap rate! ***Outstanding investment opportunity*** Three recently professionally upgraded single family homes on two large lots--over 3/4 of an acre in all. Houses at 44083 and 44085 Palm Avenue are on a lot with 23,522 square feet (.54 acre). 44087 is on a lot with 11,761 square feet. All three currently occupied at market rates, one month-to-month and two with leases, eight months remaining on lease term. Quiet residential neighborhood, close to schools and shopping. All three stand alone houses have new flooring and paint throughout, upgraded kitchens and bathrooms, fenced back yards, inside laundry hookups, AC and fireplace. Three separate gas, electricity and water meters. Excellent cashflow--cap rate 6 plus.
Details
| MLS# | OC20174052 |
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| Listing Type | For Sale |
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| Sub-Type | Resale |
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| Status | Active |
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| Year | 1955 |
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| Days On Site | 149 |
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Features
| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Nov 2020 | Sales: 6 | Avg $ Per SqFt: $169.67 | Min Sale Price: $70,000 | Max Sale Price: $390,000 | Med Sale Price: $329,500 |
| Date: Oct 2020 | Sales: 25 | Avg $ Per SqFt: $168.01 | Min Sale Price: $1,350 | Max Sale Price: $540,000 | Med Sale Price: $305,000 |
| Date: Sep 2020 | Sales: 45 | Avg $ Per SqFt: $190.17 | Min Sale Price: $1,450 | Max Sale Price: $701,000 | Med Sale Price: $325,000 |
| Date: Aug 2020 | Sales: 59 | Avg $ Per SqFt: $193.98 | Min Sale Price: $3,200 | Max Sale Price: $540,000 | Med Sale Price: $340,000 |
| Date: Jul 2020 | Sales: 83 | Avg $ Per SqFt: $163.69 | Min Sale Price: $1,695 | Max Sale Price: $804,000 | Med Sale Price: $295,000 |
| Date: Jun 2020 | Sales: 57 | Avg $ Per SqFt: $179.47 | Min Sale Price: $975 | Max Sale Price: $799,000 | Med Sale Price: $310,000 |
| Date: May 2020 | Sales: 73 | Avg $ Per SqFt: $165.8 | Min Sale Price: $1,025 | Max Sale Price: $555,000 | Med Sale Price: $272,000 |
| Date: Apr 2020 | Sales: 52 | Avg $ Per SqFt: $167.89 | Min Sale Price: $1,450 | Max Sale Price: $638,000 | Med Sale Price: $276,500 |
| Date: Mar 2020 | Sales: 76 | Avg $ Per SqFt: $154.03 | Min Sale Price: $1,000 | Max Sale Price: $627,000 | Med Sale Price: $263,650 |
| Date: Feb 2020 | Sales: 81 | Avg $ Per SqFt: $160.4 | Min Sale Price: $1,175 | Max Sale Price: $650,000 | Med Sale Price: $270,000 |
| Date: Jan 2020 | Sales: 32 | Avg $ Per SqFt: $153.8 | Min Sale Price: $1,995 | Max Sale Price: $585,000 | Med Sale Price: $292,500 |
| Nov 2020 |
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| Sales: | 6 |
| Avg $ Per SqFt: | $169.67 |
| Min Sale Price: | $70,000 |
| Max Sale Price: | $390,000 |
| Med Sale Price: | $329,500 |
| Oct 2020 |
|---|
| Sales: | 25 |
| Avg $ Per SqFt: | $168.01 |
| Min Sale Price: | $1,350 |
| Max Sale Price: | $540,000 |
| Med Sale Price: | $305,000 |
| Sep 2020 |
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| Sales: | 45 |
| Avg $ Per SqFt: | $190.17 |
| Min Sale Price: | $1,450 |
| Max Sale Price: | $701,000 |
| Med Sale Price: | $325,000 |
| Aug 2020 |
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| Sales: | 59 |
| Avg $ Per SqFt: | $193.98 |
| Min Sale Price: | $3,200 |
| Max Sale Price: | $540,000 |
| Med Sale Price: | $340,000 |
| Jul 2020 |
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| Sales: | 83 |
| Avg $ Per SqFt: | $163.69 |
| Min Sale Price: | $1,695 |
| Max Sale Price: | $804,000 |
| Med Sale Price: | $295,000 |
| Jun 2020 |
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| Sales: | 57 |
| Avg $ Per SqFt: | $179.47 |
| Min Sale Price: | $975 |
| Max Sale Price: | $799,000 |
| Med Sale Price: | $310,000 |
| May 2020 |
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| Sales: | 73 |
| Avg $ Per SqFt: | $165.8 |
| Min Sale Price: | $1,025 |
| Max Sale Price: | $555,000 |
| Med Sale Price: | $272,000 |
| Apr 2020 |
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| Sales: | 52 |
| Avg $ Per SqFt: | $167.89 |
| Min Sale Price: | $1,450 |
| Max Sale Price: | $638,000 |
| Med Sale Price: | $276,500 |
| Mar 2020 |
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| Sales: | 76 |
| Avg $ Per SqFt: | $154.03 |
| Min Sale Price: | $1,000 |
| Max Sale Price: | $627,000 |
| Med Sale Price: | $263,650 |
| Feb 2020 |
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| Sales: | 81 |
| Avg $ Per SqFt: | $160.4 |
| Min Sale Price: | $1,175 |
| Max Sale Price: | $650,000 |
| Med Sale Price: | $270,000 |
| Jan 2020 |
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| Sales: | 32 |
| Avg $ Per SqFt: | $153.8 |
| Min Sale Price: | $1,995 |
| Max Sale Price: | $585,000 |
| Med Sale Price: | $292,500 |
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MLS Number: OC20174052