208 West Hoover Avenue
208 West Hoover Avenue
$6,390,000
3
20
12,054
12,054
$530
Description
Located in the heart of the highly sought-after city of Orange, this 20-unit apartment building presents a compelling investment proposition with significant upside potential in rental income. Comprising of 16 one-bedroom, one-bathroom units, and four spacious two-bedroom, one-bathroom units, this property caters to a wide range of tenant needs. 16 One-Bedroom, One-Bathroom Units: These well-appointed units provide comfortable living spaces for singles or couples, offering modern amenities and privacy....Located in the heart of the highly sought-after city of Orange, this 20-unit apartment building presents a compelling investment proposition with significant upside potential in rental income. Comprising of 16 one-bedroom, one-bathroom units, and four spacious two-bedroom, one-bathroom units, this property caters to a wide range of tenant needs. 16 One-Bedroom, One-Bathroom Units: These well-appointed units provide comfortable living spaces for singles or couples, offering modern amenities and privacy. 4 Two-Bedroom, One-Bathroom Units: Designed for families or those desiring extra space, these units are highly attractive to a broader tenant base. This property boasts ample parking for residents with 16 garage parking spaces and an additional 6 surface parking spaces. The convenience of dedicated parking enhances tenant satisfaction and retention. The building has separate meters for electricity and a master meter for gas and water, creating the perfect foundation for implementing a Ratio Utility Billing System (RUBS) program. This opens the door to an additional revenue stream and allows for a more equitable distribution of utility costs among tenants. Situated in the thriving city of Orange, this apartment building enjoys a prime location within a highly desirable rental market. Orange is known for its vibrant community, excellent schools, and proximity to major employers, making it an attractive destination for both residents and investors alike.
- Listed by Jason Kirklen • DRE #01939655 • Brokerage DRE #02128238 • Kirklen Investment Group • 949-942-1302
Property Details for 208 West Hoover Avenue
Parking Spaces Total
20
Private PoolNo
Total Units20.0
Building TypeAttached
Lot Size SourceAssessor
Living Area12054
Property Attached YNtrue
Common Walls2+ Common Walls
Location
LISTING UPDATED: 05/28/2024 03:45 AM
Property Details for 208 West Hoover Avenue
Status | Active |
---|---|
MLS # | OC24071998 |
Days on Market | 50 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1961 |
County | Orange County |
Location
Building Information for 208 West Hoover Avenue
Building/Complex208 W Hoover AveFloor-Stories2Residences-Pet Policy-Year Built1961Building Size-
Payment Calculator
$35,928 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 208 West Hoover Avenue
Property History for 208 West Hoover Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 208 West Hoover Avenue
Taxable ValueLand$727,582Additions$229,111Total$956,693
Tax Record2023$12,665 ($1,055 / month)
Home Facts
Total Finished SqFt6,027 SqFtAbove Grade Finished SqFt6,027 SqFtStories2Lot Size9,239 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyORANGEAPN375-283-04
Schools near 208 West Hoover Avenue
This home is within Orange Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
California Elementary School PublicK to 6 | ||
Yorba Middle School Public6 to 8 | ||
Orange High School Public9 to 12 | ||
Richland Continuation High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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