253 Lemon Street, Orange, CA 92866
  • MLS#: OC24205368 ( Apartment )
  • Street Address: 253 Lemon Street
  • Viewed: 4
  • Price: $3,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1924
  • Bldg sqft: 0
  • Days On Market: 46
  • Additional Information
  • County: ORANGE
  • City: Orange
  • Zipcode: 92866
  • Provided by: Mike Marcu, Broker
  • Contact: Mike Mike
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This well located 12 unit apartment building is within walking distance to both Chapman University and Old Town Orange. Presented as a value add opportunity, all 12 units are two bedroom one bath townhouse style apartments. Gas and electricity are individually metered while the landlord provides hot and cold water and trash. There is no on onsite parking and a small ex carport structure, in the rear of the property, may offer and opportunity to add an ADU to the property. Both buildings have copper plumbing and there is a common laundry room on site.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 8640.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 3205.00
Fuel Expense
  1. 3205.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 750.00
Insurance Expense
  1. 7200.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Laundry Income
  1. 2628.00
Lot Features
  1. 36-40 Units/Acre
  2. Level with Street
Netoperatingincome
  1. 159450.00
Newtaxesexpense
  1. 42840.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 13
Otherexpense
  1. 1000.00
Otherexpensedescription
  1. Misc.
Parcel Number
  1. 39065305
Pool Features
  1. None
Postalcodeplus4
  1. 1803
Professionalmanagementexpense
  1. 8864.00
Property Type
  1. Apartment
Sewer
  1. Sewer Assessments
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 424400498:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 92823.00
Trash Expense
  1. 8500.00
Vacancyallowance
  1. 7802
Water Sewer Expense
  1. 4596.00
Water Source
  1. Public
Year Built
  1. 1924
Year Built Source
  1. Assessor