130 N Lester Drive, Orange, CA 92868
- $1,350,000
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- NP25142871
- Year Built
- 1947
- Lot Size
- 4,657
- Acres
- 0.11
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 18
- Property Type
- Multifamily
- Style
- Cottage, Traditional
- Property Sub Type
- Duplex
- Neighborhood
- Other (Othr)
Property Description
Two Homes on One Lot in the Heart of Orange! Incredible investment opportunity on one of the most charming streets in the City of Orange! This centrally located, fully leased income property features two detached homes on one lot, generating $7,000/month in rental income. The front house, originally built in 1947 and thoughtfully remodeled, is approximately 1,277 sq ft and currently leased furnished for $4,200/month. This stylish 2-bedroom, 1-bath home includes a sunroom that has been converted into a third bedroom . Inside, you'll find large windows, an open-concept living and dining space, and a farmhouse kitchen with stainless steel appliances, a farmhouse sink, and French doors. The home is equipped with central heating and AC, and the private covered patio includes a TV, ceiling fan, and seating area—perfect for relaxing or entertaining. The back house is a separate 2-bedroom, 1-bath unit measuring approximately 640 sq ft, currently leased furnished for $2,800/month. It features skylights, concrete floors, copper plumbing, vaulted ceilings with ceiling fans, wall-mounted AC, and stainless steel appliances. Full of character and natural light, this space is equally appealing to tenants. Whether you're an investor seeking strong cash flow or a buyer looking for a flexible multi-generational living setup, 130 N Lester Dr is a must-see!
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Additional Information
- Appliances
- Gas Cooktop, Gas Oven, Microwave, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air, Wall/Window Unit(s)
- View
- Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Furnished, Open Floorplan, Storage, All Bedrooms Down, Bedroom on Main Level
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $84,000
- Operating Expense
- 21075
Listing courtesy of Listing Agent: Deborah Sado (deborah.sado@compass.com) from Listing Office: Compass.
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