481 North Citrus Street

Orange, CA 92868

$2,075,000
Price
6
Beds
4
Baths
1,960 Sq. Ft.
$1,059 / Sq. Ft.
1,960
Sq. Ft.
$1,059
per Sq. Ft.

Description

Welcome to this stunning single-family rental home with 2 bedroom permitted ADU, an exceptional opportunity for investors seeking a stabilized asset, 1031 exchange welcome. Spanning 1,900 square feet, this spacious property boasts 6 bedrooms and 3.5 bathrooms—an impressive layout that offers a significant investment advantage with a high bedroom count for its size. The home has been updated with modern features, ensuring comfort and appeal. As you approach, you'll be greeted by incredible curb appeal,...Welcome to this stunning single-family rental home with 2 bedroom permitted ADU, an exceptional opportunity for investors seeking a stabilized asset, 1031 exchange welcome. Spanning 1,900 square feet, this spacious property boasts 6 bedrooms and 3.5 bathrooms—an impressive layout that offers a significant investment advantage with a high bedroom count for its size. The home has been updated with modern features, ensuring comfort and appeal. As you approach, you'll be greeted by incredible curb appeal, setting the stage for what lies within. The layout is ideal for a large family, or as a proven investment making it highly attractive to those looking to grow the portfolio. Step outside to discover a large, beautiful backyard, perfect for outdoor activities and relaxation. Privacy trees enhance the sense of seclusion, offering a serene retreat for occupants. This property’s combination of size, updates, and outdoor space makes it a rare find in the rental market. Due to the property’s current rental occupancy, additional interior and yard photos are available upon request. Investors, don’t miss out on this unique opportunity to acquire a high-performing rental property with great potential for long-term returns. Currently set up as student housing but the options are endless. Contact us today to learn more!
  1. Listed by Kent Martin • DRE #01873148 • Brokerage DRE #00616212 • Coldwell Banker Realty • 9495663224
  2. Listed by Abudureheman Yipare • DRE #02144444 • Brokerage DRE #00616212 • Coldwell Banker Realty

Property Details for 481 North Citrus Street

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1960
Assessor Parcel Number
039-012-26
Property Attached YN
false
LISTING UPDATED: 09/27/2024 08:09 AM

Property Details for 481 North Citrus Street

StatusActive
MLS #NP24165123
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.16 AC / 6,864 SF
CountyOrange County

Building Information for 481 North Citrus Street

Stories1Residences-Year Built1954Building Size-Lot Size0.16 AC / 6,864 SF

Property Information for 481 North Citrus Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $116,400
  • Gross Scheduled Income: $116,400
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $116,400
  • Net Operating Income: $102,432
  • Cap Rate: 4.94
Expense Details
  • Operating Expense: $13,968
  • Operating Expense Percent: 12.04%
  • Gardener Expense: $750
  • Fuel Expense: $0
  • Pest Control Expense: $92
  • Electric Expense: $0
  • Insurance Expense: $3,371
  • Maintenance Expense: $1,196
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 1450
  • Tax Census Tract: 761.05
  • CFD/Mello-Roos Fee: $522
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Entry Location: Main Level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Almond Court
  • Builders Tract Code: Almond Court (ALCT)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,100
  • Unit Type Total Rent: $7,100
  • Unit Type Pro Forma: 7100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 481 North Citrus Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 481 North Citrus Street

This home is within Orange Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sycamore Elementary School
PublicK to 6

Portola Middle School
Public6 to 8

Orange High School
Public9 to 12

Richland Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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481 North Citrus Street is a multi-family home for sale in Orange, CA 92868. This property was listed for sale on August 9, 2024 by Coldwell Banker Realty, it's currently listed at $2,075,000. This listing's school district is Orange Unified School District. Nearby schools include Sycamore Elementary School, Portola Middle School and Orange High School. 481 North Citrus Street is a 6-bed, 4-bath, 1,960 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Kent Martin, DRE #01873148; Coldwell Banker Realty, Abudureheman Yipare, DRE #02144444

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.