408 W La Veta Ave Orange, CA 92866
Estimated payment $12,391/month
Total Views
829
9
Beds
8
Baths
5,104
Sq Ft
$371
Price per Sq Ft
Highlights
- Corner Lot
- Laundry Room
- Radiant Heating System
- Cul-De-Sac
- Wood Burning Fireplace
About This Home
HUGE 4plex! In the last 30 years in the entire city of Orange, only about a dozen 4plexes have sold that were this size or bigger. What an opportunity! Size does matter in income property - the bigger the units, the more rent you can eventually charge. ** Right now there are only four other 4plexes on the market in the city and their average size is about 3,900. 408 W La Veta is 5,104 SF. ** La Veta sides to a big culdesac. ** The OWNER’s unit is huge - about 1,500 SF - with its own en suite (private bedroom/bathroom). A full laundry is in the hall near kitchen. Large private front patio outside front door. ** Good old fashioned wood burning fireplace too, in the living room! The other 2 bedrooms have a full bathroom in a “Jack and Jill" set up, so both bedrooms have private and direct access to a full bath. ** Entire building is electric - so there are no gas bills. ** All 3 other units are townhome styled, so no one is above them. ** Every unit has its own private garage and own water heater. Parking: there are 4 individual garages plus 2 open parking spaces. ** Motivated and reasonable seller. Will consider doing a loan "buydown" so that the interest rate is fixed the first year at 4.5% and the second year is 5.5%!! Call for details. ** All units are Month to Month, no leases. ** Super convenient and close to 5 freeways!!: 5, 22, 55, 57 and 91, making travel throughout LA and Orange Counties and beyond a breeze. ** Proximity to retail stores and residential areas often indicates a higher demand for rental properties. ** Seller already paid for all 3 inspection reports (home, termite and sewer) and these will be provided free to the buyer. ** Seller in midst of a $25,000 small renovation: landscaping, stucco patch and full exterior paint, all new exposed roof wood members, roof tune up. Should be done early July.
Listing Agent
Real Brokerage Technologies Brokerage Phone: 310-308-2609 License #00880972 Listed on: 06/26/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965 | Remodeled
Lot Details
- 8,455 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Corner Lot
- Level Lot
Parking
- 2 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Cosmetic Repairs Needed
- Composition Roof
Interior Spaces
- 5,104 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Raised Hearth
- Living Room with Fireplace
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Washer and Electric Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Radiant Heating System
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 5127
- Assessor Parcel Number 39063139
- Seller Considering Concessions
Community Details
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $900
- Gardener Expense $2,256
- Insurance Expense $6,000
- Other Expense $2,676
- Pest Control $480
- Professional Management Expense $5,677
- Trash Expense $1,800
- Water Sewer Expense $3,900
- New Taxes Expense $21,645
- Operating Expense $51,012
- Gross Income $108,888
- Net Operating Income $54,609
Additional Features
- 4 Units
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2025 06/29/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | For Sale | $1,895,000 | -- | $371 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Home in Orange, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25129866
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