Orange, CA 92865 1404 E Sail Avenue
$1,200,000
29 more
Presented By: RUTH SHAN with A TEAM REALTY; 714-865-7008
Baths • 1
SQFT • 2,542
Garage • 3
Home Details
Don't miss this opportunity to own the leasing rights thru 2063 on this sizeable single-story triplex with 2,542 square feet of living space. Desirable units that are all occupied. There are two separate units, each with two bedrooms and two bathrooms. Also, a one bedroom one bath unit. All units have a one-car garage with some extra parking spaces. Nice-sized living rooms. Large bedrooms and baths. There is a master bedroom in each two-bedroom unit. The kitchens are nicely sized with dining rooms. There are washer/ dryer hookups inside each unit. Central air/heat. These units have private patios to enjoy. Well-maintained and low-maintenance units. Tenants pay all utilities. Centrally located to freeways, parks, schools, and shopping. Lots of restaurants close by. There are three separate triplexes for sale on the same block.
Presented By: RUTH SHAN with A TEAM REALTY; 714-865-7008
Interior Features for 1404 E Sail Avenue
Other Interior Features
Air Conditioning Y/NYes
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Interior AmenitiesCeilingFans, AllBedroomsDown, MainLevelPrimary
Laundry FeaturesInside, LaundryRoom
Total Stories1
Window FeaturesBlinds
Other Rooms
Entry Level1
General for 1404 E Sail Avenue
AccessibilityLowPileCarpet, NoStairs
Additional Parcels Y/NNo
AppliancesBuiltInRange, Dishwasher, GasOven, WaterHeater
Architectural StyleContemporary
Building Area UnitsSquareFeet
Carport Spaces
CityOrange
Community FeaturesCurbs, Suburban, Sidewalks
Construction MaterialsStucco
ContingencySubject to approval by the sublessor for buyers Assumption of lease. Subject also to title and NOPA approval by heirs. This triplex is part of a ground lease that ends in 12/11/2063. This sale will be an assumption of the land lease only.
CoolingCentralAir
CountyOrange
Current FinancingNone
Directions55 freeway take lincoln exit go left, corner of N Tustin & lincoln make a right to N canal turn left Sail units on right.
ElectricElectricityOnProperty
Electric Expense240
Entry Location1
Garage Spaces3
Garage Y/NYes
Gross Income
HOANo
HOA Fee$
HeatingCentral
Insurance Expense4656
Land Lease Amount192.58
Land Lease Amount FrequencyMonthly
Land Lease Y/NYes
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, FHA, Submit, VaLoan
Lot Size Square Feet8712
Lot Size UnitsSquareFeet
MLS Area72 - Orange & Garden Grove, E of Harbor, N of 22 F
Net Operating Income51601
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces0
Operating Expense28139
Pool FeaturesNone
PossessionClosePlus3Days
PostalCityORANGE
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameOther
Tax Annual Amount5479
Tax Lot20
Taxes$12,758
Tenant PaysAllUtilities
Total Actual Rent5731
Trash Expense0
UtilitiesCableAvailable, ElectricityAvailable, NaturalGasAvailable, SewerConnected
ViewNone
Water Sewer Expense360
Year Built1979
Year Built SourceAssessor
Exterior for 1404 E Sail Avenue
Building Area Total2542
Door FeaturesSlidingDoors
FencingAverageCondition
Lot FeaturesFrontYard, Landscaped, SprinklerSystem
Lot Size Acres0.2
Lot Size Area8712
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Parking FeaturesGarage, Unassigned
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking3
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®