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161 Greentree Lane

La Habra, CA 90631
  • $1,599,000
  • STATUS: Pending
  • ON SITE: 35 Days
  • ID#: PW24053586
Pending
$1,599,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Listing Agent(s): Adam Brett Freilich of Adam Brett Freilich, Broker (714-496-8116)


Description

Desirable North Orange County location! Covington Four plex in a sought-after community next to Descanso Park. The property is a total of 4451 sf., blt 1972, on an 9,148 sf lot. The front unit is a 3 bed 2.5 bath, with ground level entry. This home (unit 1) is recently remodeled, faces the street with no shared walls. A double door entry opens to a living room with high-end laminate wood floors, recessed LED lighting and a central fireplace. The fully remodeled kitchen with stainless steel appliances, marble countertops, and shaker cabinets is open to the family room with a door to a private patio area. Adjacent the family room is a half bath and direct entry to the attached two car garage. Upstairs are 3 spacious bedrooms with a hallway full bathroom to service the 2 secondary bedrooms. The master has an en-suite bathroom and two closets. A recently placed tenant pays $2,750 a month. Unit 4 sits above a common breezeway and the garages and has 2 beds and 1 full bathroom. It is one level with an open family room, dining area and kitchen in the main area. The central hallway features a full bathroom and 2 bedrooms. A longtime tenant pays $1400 per month and the unit could use updating once this tenant moves out and would then command close to $2000 a month. Units 2 and 3 are both 2 bedroom and 1.5 bath 2 story homes that are mirror images with 1 common wall. Unit 3 is has some remodeled elements. Both units feature a dining area adjacent the kitchen and a half bath on the lower level along with a sliding glass door to a private patio/backyard. The kitchen has a gas range and large walk-in pantry. 2 bedrooms and a full bathroom upstairs. Unit 2 is occupied by a very long term tenant paying $1,593 a month and could use updates - once updated would command $2,200 a month. Unit 3 is nicer and also has a very long term tenant in place paying $1,590 a month. It has a few updates remaining and once done would command $2,200 a month as well. There are a total of 4 garages, 3 of them are single car with each of the 2-bedroom units allocated 1 garage each, and the 3 bedroom unit having the 2-car garage.. All of the garages have laundry hookups. At the west end of the building is an additional open parking spot and on the east end is an open covered parking spot. The grounds are exquisitely landscaped and the building is in excellent condition. Utilities are separately metered for gas and electric. Water, trash and landscaping is the owner responsibility. No HOA

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/148660372
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161 Greentree Lane La Habra, CA 90631

  • Price: $1,599,000
  • Status: Pending
  • On Site: 35 Days
  • ID#: PW24053586
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1972
Built
Neighborhood:
,None
County:
Orange
Area:
87 - La Habra
Property Description
Desirable North Orange County location! Covington Four plex in a sought-after community next to Descanso Park. The property is a total of 4451 sf., blt 1972, on an 9,148 sf lot. The front unit is a 3 bed 2.5 bath, with ground level entry. This home (unit 1) is recently remodeled, faces the street with no shared walls. A double door entry opens to a living room with high-end laminate wood floors, recessed LED lighting and a central fireplace. The fully remodeled kitchen with stainless steel appliances, marble countertops, and shaker cabinets is open to the family room with a door to a private patio area. Adjacent the family room is a half bath and direct entry to the attached two car garage. Upstairs are 3 spacious bedrooms with a hallway full bathroom to service the 2 secondary bedrooms. The master has an en-suite bathroom and two closets. A recently placed tenant pays $2,750 a month. Unit 4 sits above a common breezeway and the garages and has 2 beds and 1 full bathroom. It is one level with an open family room, dining area and kitchen in the main area. The central hallway features a full bathroom and 2 bedrooms. A longtime tenant pays $1400 per month and the unit could use updating once this tenant moves out and would then command close to $2000 a month. Units 2 and 3 are both 2 bedroom and 1.5 bath 2 story homes that are mirror images with 1 common wall. Unit 3 is has some remodeled elements. Both units feature a dining area adjacent the kitchen and a half bath on the lower level along with a sliding glass door to a private patio/backyard. The kitchen has a gas range and large walk-in pantry. 2 bedrooms and a full bathroom upstairs. Unit 2 is occupied by a very long term tenant paying $1,593 a month and could use updates - once updated would command $2,200 a month. Unit 3 is nicer and also has a very long term tenant in place paying $1,590 a month. It has a few updates remaining and once done would command $2,200 a month as well. There are a total of 4 garages, 3 of them are single car with each of the 2-bedroom units allocated 1 garage each, and the 3 bedroom unit having the 2-car garage.. All of the garages have laundry hookups. At the west end of the building is an additional open parking spot and on the east end is an open covered parking spot. The grounds are exquisitely landscaped and the building is in excellent condition. Utilities are separately metered for gas and electric. Water, trash and landscaping is the owner responsibility. No HOA
Exterior Features

Architectural Style Traditional Carport Spaces 1 Carport YN Yes Construction Materials BrickDrywallFrameGlassConcreteStuccoCopper Plumbing Entry Level 1 Entry Location 1 Exterior Features Rain Gutters Fencing Wood Foundation Details Slab Lot Features Back YardFront YardGreenbeltSprinklers In RearSprinklers In FrontLawnLandscapedLevelNear ParkNear Public TransitSprinklers TimerSprinkler SystemStreet Level Number Of Separate Electric Meters 4 Open Parking Spaces 1 Parking Features AssignedAsphaltCoveredDoor-MultiDirect AccessDriveway LevelDoor-SingleDrivewayGarageGarage Door OpenerOversizedStorage Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features Safe Emergency Egress from Home Appliances Convection OvenDishwasherENERGY STAR Qualified AppliancesFree-Standing RangeDisposalGas RangeMicrowaveWater To RefrigeratorWater Heater Common Walls 1 Common Wall Cooling Central AirWall/Window Unit(s) Cooling YN Yes Door Features Double Door EntrySliding Doors Fireplace Features Family RoomGasGas StarterWood Burning Fireplace YN Yes Flooring CarpetLaminate Heating Central Heating YN Yes Interior Features Ceiling Fan(s)Laminate CountersPantryQuartz CountersRecessed LightingAll Bedrooms UpPrimary SuiteWalk-In PantryWalk-In Closet(s) Window Features Screens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Buyer Financing Conventional Cap Rate 5.5 Common Interest None Community Features BikingHikingStorm Drain(s)Street LightsSidewalksPark Contingency None Current Financing None Electric Standard Garage YN Yes Green Energy Efficient Appliances Gross Income 87996 Gross Scheduled Income 87996 Insurance Expense 2300 Land Lease YN No Laundry Features Gas Dryer HookupIn Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 82696 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 5300 Possession Close Of Escrow Property Condition Repairs CosmeticUpdated/RemodeledTurnkey Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions StandardTrust Tax Annual Amount 5506 Tenant Pays ElectricityGasInsurance Total Actual Rent 7333 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 1800 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Adam Brett Freilich of Adam Brett Freilich, Broker (714-496-8116)