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Cindy McCormick

RE/MAX Prestige
Costa Mesa, CA
Real Estate Agent
714-396-5055
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Listing 2 out of 332
$999,000 For Sale

529 S Hill Street
Orange, CA 92869

4 units | Multi Family Home
8799 sq ft - MLS# OC19073821
Property Photo
1/70

Description

Check out this 6%+ cap rate; over 10% cap rate if leveraged! Fully occupied with tenants in all 4 units with long term leases. Ideally located in Panorama Heights Area of Orange, across the street from El Modena Park and short walk to Jordan Elementary School and El Modena Library. Gorgeous City Lights and Clear Day Catalina Views. Two spacious units upstairs and downstairs in the front building, with 2 studio units in the rear. Recently painted and remodeled, many fine features and improvements include wood laminate flooring, ceiling fans, cozy fireplaces, updated light and bright kitchens with new cabinetry, matching appliances, updated countertops and faucets, updated bathrooms, new water heaters, and a convenient community laundry area. Private side yard patio and huge front patio perfect for entertaining and relaxing. Assigned uncovered parking spaces and street parking available as well. Great location close to parks, local schools, recreation, shopping, dining, and entertainment.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92869
  • Year Built: 1948
  • Subdivision/Neighborhood: Other
  • Stories: One,Two
  • Units: 4 units
  • # of Parking Spaces: 3.00
  • Fireplace: Living Room,Master Bedroom, Yes
  • Lot Size: 8799 sq ft
  • View: Catalina,City Lights,Park/Greenbelt,Peek-A-Boo, Yes
  • Area: 75 - Orange, Orange Park Acres E of 55
  • Appliances: Dishwasher, Gas Cooktop, Microwave
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area: 1522
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area: 300
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3500.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks
  • Construction Materials: Stucco
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Directions: E. Chapman Ave, South on S. Hewes St, Left on E. Phillips Pl, left on S. Hill St
  • Door Features: French Doors, Mirror Closet Door(s), Sliding Doors
  • Electric Expense: 2598.00
  • Fence YN: Yes
  • Fencing: Wrought Iron
  • Flooring: Laminate
  • Fuel Expense: 2118.00
  • Gardener Expense: 1200.00
  • Gross Scheduled Income: 92100.00
  • Heating: Forced Air
  • Heating YN: Yes
  • Insurance Expense: 1251.00
  • Interior Features: Ceiling Fan(s), Recessed Lighting
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Common Area
  • Laundry YN: Yes
  • Listing Agent License: 01850869
  • Listing Office License: 01375978
  • Lot Features: 2-5 Units/Acre, Park Nearby
  • Lot Size Area: 8800.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 70903.00
  • New Taxes Expense: 11984.00
  • Number Of Buildings: 1
  • Number Of Units Leased: 4
  • Number Wall AC: 4
  • Number With Dishwasher: 2
  • Number With Patio: 1
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 21197.00
  • Parking Features: Assigned, Parking Space, Street
  • Pest Control Expense: 744.00
  • Property Attached YN: Yes
  • Property Condition: Updated/Remodeled
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Roof: Spanish Tile
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 7675.00
  • Total Expenses: 21197.00
  • Trash Expense: 480.00
  • Uncovered Spaces: 3.00
  • Water Sewer Expense: 822.00
  • Water Source: Public
  • Window Features: Blinds
  • Year Built Source: Assessor
Courtesy of Keller Williams Realty, Jordan Bennett

Cindy McCormick
RE/MAX PRESTIGE
1421 N Wanda Road, Suite 120
Orange, Ca 92867

3140 Bear Street Ste 230
Costa Mesa, CA 92626
Direct: 714-396-5055
Email:  cindymccormick@remax.net
BRE# 01242794
 

Testimonials Page

It is with a great deal of pleasure that we are writing this letter to extend our wholehearted recommendation of our Realtor Cindy McCormick. Cindy worked with us for nearly a year to sell our home and purchase another. We wanted to change counties, had a long list of requirements, and a tight budget. Cindy was able to make it all happen for us. In a crazy housing market like we have these days, Cindy showed us 75 homes and helped us make at least 20 offers (all to be out bid). Never once did she lose faith that we would find our home and she never let us lose faith or hope as well. Because of her diligence, hard work, and perseverance we were able to purchase beautiful home that met all of our needs and desires. Cindy understands the housing market, knows the law, and will consistently and consciously advocate for you and your interests; all the while, remembering the emotions that are wrapped up in the whole process for both seller and buyer. Dan and Paula Stow
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