For more information regarding the value of a property, please contact us for a free consultation.
605 S Lemon ST Anaheim, CA 92805
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID OC20243458
Sold Date 12/22/20
HOA Y/N No
Year Built 1929
Lot Size 6,534 Sqft
Property Description
Beautiful, completely remodeled, turn-key investment property (duplex) located in the Anaheim Colony. This property was just taken down to the studs, and then put back together with all new: insulation, drywall, flooring, baseboards, casings, trim, cabinets, countertops, stainless steel appliances, central HVAC, and paint throughout. The exterior was completely redone with new stucco (top coat), decorative drives/ walks/ patios, and landscaping. A new master suite (bedroom, bath, walk in closet) was added on as well. Everything but the foundation, studs, and roof (10yrs old) is brand new. Remodel was completed in October of 2020. Property is 2 blocks from the Packing House.
The front house includes: 3 bedrooms, 2 baths, laundry room, dining room, kitchen, living room, private front and rear yards, and a beautiful front porch. The rear house is a detached 1 bedroom 1 bath 'casita'. Both units are on new 1 year leases - rear house started in October, front house started in November. The tenants were selected from a deep pool of applicants, and are well qualified and low impact.
The list price represents a 5.5% cap rate on existing rents and expenses (property tax based on list price).
Inspections can be done after accepted offer.
Location
State CA
County Orange
Area 78 - Anaheim East Of Harbor
Interior
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks
Private Pool No
Building
Lot Description Back Yard, Landscaped, Yard
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
Read Less
Bought with Elena Guadalupe-Parra • The L3
GET MORE INFORMATION