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Orange, CA 92867 705 E Walnut Avenue

$1,300,000

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Presented By: Jon Lee with Camelot West Residential; austin@camelotwest.com
  • MLS# PW24069273
  • 04/12/2024
  • Request Tour
  • Request Info
  • BedBeds • 2
  • BathBaths • 1
  • FootageSQFT • 1,888
  • GarageGarage • 2

Home Details

Welcome to 705 E. Walnut Avenue, a Single Level Duplex Located Just Blocks from Chapman University and Old Town Orange. Each Unit is Two Bedroom/One Bathroom and approximately 944 Square Feet. Conveniently Located Indoor Laundry for Each Unit. Each Unit Has a Large Yard Showcasing Water Saving Landscaping and Automatic Sprinkler System. One Detached Three Car Garage Along With Three Additional Driveway Parking Spaces. Each Unit Has Separate Electric Meters. This is the Perfect Investment Property Given the Proximity to Chapman University, Old Town Orange, Orange Train Station, and Freeway Access. Do Not Miss Out on 705 E. Walnut Avenue! The Home Is Drive By Only For The Time Being.
Presented By: Jon Lee with Camelot West Residential; austin@camelotwest.com

Interior Features for 705 E Walnut Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside, InKitchen
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 705 E Walnut Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.3
Carport Y/NNo
CityOrange
Community FeaturesCurbs, Sidewalks
ContingencyAny numerical statements regarding square footage, room dimensions and/or lot size are approximations only and have not been verified by Seller or Broker. Buyer is advised to investigate the condition
CoolingCentralAir
CountyOrange
Days on Market43
DirectionsCross Streets: N Cambridge St and E Walnut Ave
Entry Location1
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income64800.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense1319.0
Interior FeaturesBeamedCeilings, AllBedroomsDown, BedroomonMainLevel
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet6098.0
MLS AreaOTO - Old Towne Orange
MobileHomeRemainsYNNo
Net Operating Income42742.0
New ConstructionNo
Number of Units Leased2
Open Parking Spaces3.0
Operating Expense17429.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Street NameWalnut
Tax Lot1
Taxes$13,500
Tenant PaysElectricity, Gas
Total Actual Rent64800.0
Total Units2
Trash Expense420.0
View Y/NNo
Water Sewer Expense870.0
Waterfront Y/NNo
Year Built1927
Year Built SourceEstimated

Exterior for 705 E Walnut Avenue

Building Area Total1888.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, Lawn, Landscaped
Lot Size Acres0.14
Lot Size Area6098.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,300,000
MLS#PW24069273
List Date 04/12/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors