646 South Grand Street

Orange, CA 92866

$2,595,000
Price
1
Beds
8
Baths
4,800 Sq. Ft.
$541 / Sq. Ft.
4,800
Sq. Ft.
$541
per Sq. Ft.

Description

8 one-bed, one-bath townhomes in the Old Towne Orange Area, right next to Hart Park. This is a fantastic Value-Add opportunity to have an 8-plex in a city without local rent control ordinances. The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. A few units have a fantastic view overlooking Hart Park and a commuter's dream...8 one-bed, one-bath townhomes in the Old Towne Orange Area, right next to Hart Park. This is a fantastic Value-Add opportunity to have an 8-plex in a city without local rent control ordinances. The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. A few units have a fantastic view overlooking Hart Park and a commuter's dream of being next to public transit and the 22 Freeway. All the units have a similar layout with a living area and attached kitchenette on the ground level, while upstairs, you have a bedroom with an attached full bathroom. South Grand St is a walking highway between Hart Park and the Old Towne Orange Plaza.
  1. Listed by AJ Ricci • DRE #01985308 • Brokerage DRE #01011606 • Ricci Realty • 714-788-0847
  2. Listed by Albert Ricci • DRE #01011606 • Brokerage DRE #01011606 • Ricci Realty

Property Details for 646 South Grand Street

Architectural Style
Traditional
View
Park/Greenbelt
Parking Spaces Total
13
Private Pool
No
Cooling Type
Wall/Window
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 12/09/2024 01:55 PM

Property Details for 646 South Grand Street

StatusActive
MLS #PW24244186
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1963
CountyOrange County

Building Information for 646 South Grand Street

Building/Complex646 S Grand StFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Property Information for 646 South Grand Street

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $114,888
  • Gross Scheduled Income: $114,888
  • Vacancy Allowance: 3446
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $111,442
  • Net Operating Income: $86,343
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $1,800
  • Other Income Description: Laundry income
  • Cap Rate: 3.3
Expense Details
  • Operating Expense: $288,545
  • New Taxes Expense: $28,545
  • Fuel Expense: $0
  • Licenses Expense: $100
  • Electric Expense: $1,068
  • Insurance Expense: $2,500
  • Professional Management Expense: $1,250
  • Trash Expense: $2,796
  • Water Sewer Expense: $2,016
  • Total Expenses: $37,025
Tax / Assessment Info
  • Tax Block: 5
  • Tax Tract Number: I
  • Tax Census Tract: 759.02
  • CFD/Mello-Roos Fee: $2,057
  • Tax Lot: 6
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Range Hood, Water Heater
  • Equipment: Community, Electric Dryer Hookup, Hookup - Electric, Outside, Room
  • Interior Features: Beamed Ceilings, Ceiling Fan(s), Crown Molding, Tile Counters
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Bedroom Features: All Bedrooms Up
  • Water Heater Features: Electric
  • Water Heater Type: Electric
  • Laundry: Yes
  • Laundry Features: Community, Electric Dryer Hookup, Individual Room, Outside
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate, Tile
Exterior Features
  • Door Features: Sliding Doors
  • Window Features: Screens, Wood Frames
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Rain Gutters
  • Roof: Composition, Shingle
  • Entry Location: Ground Floor
  • Fence: Yes
  • Fence: Chain Link, Wood
  • Fencing: Block, Chain Link, Wood
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Walk Score: 62
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac, Landscaped, Irregular Lot, Near Public Transit, Park Nearby, Sprinkler System
  • Direction Faces: East
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Well Report: No
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking: Yes
  • Parking Garage: Garage, Parking Space, Unassigned, Uncovered
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
  • Parking Features: Asphalt, Garage, Parking Space, Unassigned, Uncovered
Property / Structure Info
  • Builders Tract Name: Nutwood Place
  • Builders Tract Code: Nutwood Place (NTPL)
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Negotiable
  • Unit Type Garage Spaces: 7
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $114,888
  • Unit Type Total Rent: $114,888
  • Unit Type Pro Forma: 151200
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 8
  • Number With Carpet: 2
  • Number With Disposal: 0
  • Number Wall AC: 8

Property History for 646 South Grand Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 646 South Grand Street

Taxable ValueLand$343,911Additions$278,164Total$622,075
Tax Record2024$8,709 ($726 / month)
Home Facts
Total Finished SqFt1,271 SqFtAbove Grade Finished SqFt1,271 SqFtStories2Lot Size12,559 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyORANGEAPN390-111-04

Schools near 646 South Grand 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
Palmyra Elementary School
PublicK to 6

Yorba 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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646 South Grand Street is a townhouse for sale in Orange, CA 92866. This property was listed for sale on December 5, 2024 by Ricci Realty, it's currently listed at $2,595,000. This listing's school district is Orange Unified School District. Nearby schools include Palmyra Elementary School, Yorba Middle School and Orange High School. 646 South Grand Street is a 1-bed, 8-bath, 4,800 sqft townhouse built in 1963.

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 Ricci Realty, AJ Ricci, DRE #01985308; Ricci Realty, Albert Ricci, DRE #01011606

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.