If you know Covington 4 plexes, then you know. Best built 4plexes in the OC. This sharp building sits on a large CDS lot and has amazing curb appeal to capture those tenant prospects. The Front unit is considered the owners unit. It's a single story 3 Bedroom 2 bath with it own fireplace and 2 car garage. This large apartment was completely remodeled 2 years ago. There are two spacious 2 bedroom 2 bath units fully rented, each with their own garage and a parking space. Lastly the 4th unit is a 2 bedroom 1 bath with a garage and parking space. All units have balconies or patios to enjoy. Each unit is separately metered and has its own laundry hookups in their garage. Easy to rent. Easy to manage. All rents are due for an increase in Oct of 2024. 2321 Seller also owns Omega Ave (OC24154107) which is just a 1/2 block from this property and would like to sell it concurrently with this property and complete a 1031 exchange.
If you know Covington 4 plexes, then you know. Best built 4plexes in the OC. This sharp building sits on a large CDS lot and has amazing curb appeal to capture those tenant prospects. The Front unit is considered the owners unit. It's a single story 3 Bedroom 2 bath with it own fireplace and 2 car garage. This large apartment was completely remodeled 2 years ago. There are two spacious 2 bedroom 2 bath units fully rented, each with their own garage and a parking space. Lastly the 4th unit is a 2 bedroom 1 bath with a garage and parking space. All units have balconies or patios to enjoy. Each unit is separately metered and has its own laundry hookups in their garage. Easy to rent. Easy to manage. All rents are due for an increase in Oct of 2024. 2321 Seller also owns Omega Ave (OC24154107) which is just a 1/2 block from this property and would like to sell it concurrently with this property and complete a 1031 exchange.