2362 Wyandote AVE, Placentia, CA 92870 – PW24154772

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$1,450,000

Est. payment - /mo

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9,034 Sqft Lot

Price Dropped by $149K

2362 Wyandote AVE Placentia, CA 92870

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Marlyn Kamibayashiyama

marlyn4k@gmail.com +1(702) 325-8918

UPDATED:

12/20/2024 11:26 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Placentia Village Grove (Plvg)

MLS Listing ID PW24154772

HOA Y/N No

Year Built 1976

Lot Size 9,034 Sqft

Property Description

This is a rare offering of a single-story duplex apartment building with a great location! This property is literally Brea-adjacent. The side yard fence is at the city limit with the city of Brea. Yorba Linda is less than one-half mile to the east. Brea Union Plaza is one-half mile to the west. Imperial Highway is a quarter-mile north and the Orange (57) Freeway. Brea Mall are less than two miles to the west. California State University, Fullerton is approximately two and one-half miles to the west. The spacious three-bedroom/one and three-quarter bath units are each 1,291 square feet in size. Each unit has an enclosed two-car garage. Because the property is at the end of a cul-de-sac street, there is a large concrete driveway apron with four additional off-street parking spaces. The units each feature air conditioning, vaulted living room ceilings, fireplaces and private patios and yards. Water, gas, and electricity are separately metered and paid by the tenants. Landscape costs are paid by the tenant. The highly-rated Golden Elementary School is within a short walk. Because these units are so spacious and well-located, there is rarely a vacancy. The units are rented on a month-to-month basis. This property would also make a great residence for a two-generational family or would be perfect for purchase by two parties who wish to own a property and occupy one or both units. Rents are low--projected market rental rate is $3,500/month per unit, which would result in a GRM of 17.3 and a capitalization rate of 3.69%.

Location

State CA

County Orange

Area 84 - Placentia

Interior

Interior Features Built-in Features, Ceiling Fan(s), Granite Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary

Heating Central, Forced Air, Natural Gas

Cooling Central Air, Electric

Flooring Carpet, Tile

Fireplaces Type Living Room, Wood Burning

Fireplace Yes

Appliance Dishwasher, Free-Standing Range, Disposal, Microwave, Water Heater

Laundry Washer Hookup, Electric Dryer Hookup, In Garage

Exterior

Parking Features Concrete, Door-Multi, Driveway Level, Driveway, Garage Faces Front, Garage, One Space

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Suburban

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition,Shingle

Total Parking Spaces 7

Private Pool No

Building

Lot Description 6-10 Units/Acre, Front Yard, Garden, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Ranch, Street Level

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 33652012

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Carl Reinhart • Carl Reinhart, Broker • 714-404-8020

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+1(702) 325-8918

marlyn4k@gmail.com