$803,500
●
House -
Off Market
306 E Monroe Avenue
Orange, CA 92867
3 Beds
1 Bath
1,090 Ft²
$4,051
Est. Monthly
About This Property
Three bedroom home on small cul-de-sac street in the highly sought
after Presidential tract neighborhood of Orange. Quaint front porch
entry welcomes you to this single story home with lots of
potential. It is a blank canvas. Remodeling is necessary. This a
great opportunity for an investor. Property being sold 'as is'.
First time available from original owners family. The rear yard is
completely fenced and boasts a sizable back yard with mature fruit
trees. A huge covered patio and detached 2 car garage offer many
possibilities. Corner Lot location with the two garage entrance on
Grand St.
It is ideally situated near schools, and close to Old Towne Orange, Chapman University, and transportation with lots of shopping and dining options.
It is ideally situated near schools, and close to Old Towne Orange, Chapman University, and transportation with lots of shopping and dining options.
Unit Size
1,090 Ft²
Days on Market
37 days
Land Size
0.14 acres
Price per sqft
$757
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #PW24178721)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 26, 2024 | Sold | ||
| Sold | |||
| Nov 24, 2024 | In contract | - | |
| In contract | |||
| Aug 27, 2024 | Listed by First Team Real Estate | $825,000 | |
| Listed by First Team Real Estate | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Orange
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Listed by: Jayson Cook, First Team Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW24178721
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW24178721
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