Michael Arp

Placentia CA Home for Sale

First time on the market in 36 years. This single level tri-plex has large patios, along with single car garages for each unit. No one is above any unit. Very stable building with low turnover. Short walk to local schools and shopping. This property can be purchased with neighboring building located at 208-212 Turf. The courtyard is shared between the two properties. All rents to be increased effective 11-1-2024.

Placentia CA Home for Sale

First time on the market in 36 years. This property offers great upside potential. The building is a single level tri-plex with each unit having a large private patio, and single car garage. No one lives above any unit. Very stable building with low turnover. Short walk to neighborhood schools and stores. This property can be purchased with the neighboring building at 202-206 Turf. The courtyard is shared between the two properties. All units have rent increases to be implemented 11-1-2024

Anaheim CA Home for Sale

The Glencrest Avenue 4-plex is a two story, garden style apartment building located in Northwest Anaheim. All four apartments are comprised of well laid out 2 bedroom and 1 bathroom units. All residents enjoy wall AC and heat, enclosed private patios, garage parking, individual water heaters, and washer & dryer hookups inside the apartments. The structure is 3,827 square feet and sits atop a flat, rectangular lot. The apartments are located within close walking distance to employment centers, hospitals, schools, and retail shopping. Current rents have not been raised in over a year; the cap rate and GRM are based on year one projected rents.

Anaheim CA Home for Sale

Excellent Opportunity to purchase this Four Unit Building in Anaheim with a great upside potential and easy access to the 5 freeway. Disneyland is less than 2 miles away. All of the units are occupied with long term tenants.

Fullerton CA Home for Sale

330 East Wilshire Avenue presents a rare investment opportunity to purchase an 80s constructed 4-plex in the heart of Downtown Fullerton. The subject property boasts a unique unit mix of (1) 3 bed 2.5 bath townhome, (1) 2 bed 2 bath townhome, and (2) large 1 bed 1 bath apartments. The three bedroom apartment has a direct access double car garage making it ideal for an owner occupant. Amenities for the apartments include enclosed patios and or balconies, garage parking, central AC and heat, dishwashers, vaulted ceilings, and laundry hookups. Kitchens and bathrooms have been tastefully remodeled with newer cabinets and stone countertops. The subject property received a complete plumbing re-pipe in 2023. The Wilshire Avenue 4-plex is located within a couple blocks of Downtown Fullerton, which is home to many trendy restaurants, retail shopping, Fullerton High School, Fullerton Junior College and the Fullerton train station making it desirable for numerous types of tenants.

Orange CA Home for Sale

The Park Lane Apartments, are a recently renovated, Covington style 4-plex located within the Villa Park school district in the city of Orange. The subject property has recently received over $125,000 in renovations including new exterior paint, new windows, new landscaping, exterior lighting and new air conditioning condensers. The building is comprised of four nicely appointed units: 1 (3+2.5 TH), 1 (2+2), and 2 (2+1.5 TH). Constructed in 1975, the subject property has 4,394 rentable square feet and sits atop a 9,360 square foot lot. Three of the four units are townhome style with an upstairs downstairs floor plan. All 4 have enclosed patio areas and have access to a gated back yard area. There are 5 large enclosed garages at the property along with two additional spaces. Each of the apartments is separately metered for gas and electric and has central A/C. An onsite laundry room brings in additional income. The Park Lane Apartments present a unique opportunity for an owner occupant or investor to purchase a turn key apartment asset in a sought-after rental neighborhood in the city of Orange.

Anaheim CA Home for Sale

Great opportunity in Anaheim; bordering the Platinum Triangle. 213 East Orangewood Avenue is a two story 4-pex with all 2 bedroom and 2 bath units. All apartments feature spacious living rooms, two full bathrooms, gas ranges, and newer windows. Additionally, each tenant has their own individual garage and open parking space (2 to 1 parking ratio). The structure has been upgraded with a newer roof and plumbing. The building sits atop a spacious rectangular lot and is located in one of Anaheims premier rental markets. Freeway access (5 and 57), schools (Ponderosa Elementary & South Junior High), retail shopping (The Outlets at Orange) and parks (Ponderosa Park) are all within walking distance. The Orangewood 4-plex apartments will be a sought-after rental location for years to come. 205 E. Orangewood is also listed for sale. The buildings can be purchased together or individually.

Anaheim CA Home for Sale

Great opportunity in Anaheim; bordering the Platinum Triangle. 205 East Orangewood Avenue is a two story 4-pex with all 2 bedroom and 2 bath units. All apartments feature spacious living rooms, two full bathrooms, gas ranges, and newer windows. Additionally, each tenant has their own individual garage and open parking space (2 to 1 parking ratio). The structure has been upgraded with a newer roof and plumbing. The building sits atop a spacious corner lot and is located in one of Anaheims premier rental markets. Freeway access (5 and 57), schools (Ponderosa Elementary & South Junior High), retail shopping (The Outlets at Orange) and parks (Ponderosa Park) are all within walking distance. The Orangewood 4-plex apartments will be a sought-after rental location for years to come.

Huntington Beach CA Home for Sale

17082 Emerald Lane is a pride of ownership 4-plex in Huntington Beach which is being marketed for sale for the first time in over forty-five years. The subject property boasts a desirable unit mix of one, two and three bedroom apartments. Notable upgrades to the building and units include newer kitchen cabinets with granite counter tops, updated tile and or laminate flooring, vinyl windows, newer roll up garage doors and a gated entrance to the courtyard. The 3,761 building structure features four single story apartments, three of which have ground level entrances and one with an upstairs entrance. 17082 Emerald Lane is conveniently located close to the intersection of Beach Boulevard and Warner Avenue making for quick access to the 405 freeway along with being within walking distance to nearby employment, schools, shopping and local parks.

Anaheim CA Home for Sale

401 North Tustin Avenue is a well maintained 4-unit apartment complex in North East Anaheim. The building structure is 3,413 square feet and sits atop a large, rectangular 10,393 square foot lot. The 4-plex features an attractive unit mix of (2) 2 Bedroom 2 Bath Units & (2) 1 Bedroom 1 Bath Units, all of which boast spacious and open layouts. All apartments have enclosed balconies (upstairs) and enclosed, wrap around patios (downstairs). The downstairs units have forced air heating while the upstairs have wall heaters and every apartment has a wall and/or window air conditioning unit. Tenants enjoy garage and open parking, gas cooking, onsite laundry facilities, and individually metered utilities. The subject property is located within the boundaries of the Villa Park School District while being conveniently located near the 55 and 91 Freeways.

Orange CA Home for Sale

Location, Location, Location * Conveniently within walking distance of Shops, Grocery, Pharmacy, Restaurants and 55 Freeway * All 4 units have newly installed heaters, A/C, and Wall Oven * The laundry room has new coin operated washer and dryer* Excellent opportunity for the investor to occupy one of the units is an option * All units have same floor plan and one is available for immediate showing.

Santa Ana CA Residential Income for Sale

The Parton Street 4-plex apartments are a well located 4-plex in Santa Ana which are within walking distance of Orange County Superior Court, Orange County Public Health, Santa Ana City Hall and a host of other county related employment venues. The subject property features detached structures which were built in 1967 and 1996 respectively and the exterior is constructed almost completely of stucco, which limits exterior repair cost down the road. The buildings sit atop a large 7,802 square foot which is enclosed by a wooden fence creating added privacy for the residents. The apartments are occupied by long term tenants who enjoy the spacious apartments, a fenced yard area, enclosed garage parking (3 double car garages), an onsite laundry facility, and individual hot water heaters. The rare combination of being located near desirable county based employment, tenant amenities, and quality of construction will allow the Parton 4-plex apartments to be a sought after rental destination with a low cost of ownership for years to come. Income, Cap rate and GRM numbers are based on proforma rents. Actual rents are below market levels.

Orange CA Residential Income for Sale

Rare value add opportunity in the city of Orange to acquire a 75% vacant 4-plex and the adjacent lot (zoned R-3 for multifamily) that is ready to build. 248 S. Oak Street is a single story 4-plex which is currently configured as (1) 3BD/1.75BA, (1) 2BD/1BA, (1) 1BD/1BA and (1) Studio/1BA. The 3 bedroom and studio can easily be converted back into their original configuration of 1 and 2 bedroom apartments. The property allows for an investor to add value as three units are vacant and can be rented at market level rents once repairs are completed. All apartments feature spacious layouts which include a kitchen nook area and sliding glass doors in the living rooms that open to patios. The building structure for 248 S. Oak Street is 3,528 and the rectangular shaped lot measures 10,972 square feet. The subject property is located just south of Chapman Ave. and is only 1.2 miles from Old Towne Orange.230 S. Oak (parcel number 390-491-14) is a rectangular shaped lot which measures 9,287 square feet and is adjacent to the lot for 248 S. Oak Street. The lot should be ready to build as there is a driveway that has already been poured and an empty pool (fenced off for safety reasons) which sits at the back of the property. Per the City of Orange the lot is zoned R-3(A) for multifamily single story. 230 S. Oak Street is listed for sale for $450,000 and can be purchased together with 248 S. Oak Street or separately.

Anaheim CA Residential Income for Sale

The Lewis Street 4-plex is a Covington concept 4-plex built in 1979. The structure measures 4,221 square feet and sits atop a large, 11,536 square foot lot. The unit mix consists of one 3 bedroom / 2 bathroom apartment and three 2 bedroom / 2 bathroom apartments. All apartments are well appointed with spacious layouts and come with a garage and at least one assigned parking space. The three bedroom owner unit has a direct access double car garage which is separate from the other garages. The 3 bedroom is currently vacant providing an immediate opportunity for an owner occupant or for an investor to rent it at the historically high market rent rate. The downstairs apartments have private, enclosed patios while the upstairs apartments have balconies. There is an onsite laundry room which provides additional monthly income along with being a nice amenity for tenants. Major employment is within close walking distance with the Kaiser Permanente Health Pavilion (5 minutes) and the UCI Medical Center (15 minutes) are down the street. The Lewis Street 4-plex is an ideal purchase for first time buyers or seasoned investors looking for an easy to run investment.

Santa Ana CA Residential Income for Sale

2313 Franzen Avenue is a meticulously maintained, Covington style 4-plex in North East Santa Ana; bordering North Tustin and Orange. The property is ideally located within the Orange Unified School District boundaries and is freeway close with the 55 and 22 freeways just minutes away. The residential style of architecture and strategic unit mix has proven to be in high demand since the concept was introduced in the 60's and 70's. The subject property boasts an attractive unit mix of (1) 3 bedroom 1.75 bath, (2) 2 bedroom 1.75 bath, and (1) 1 bedroom 1 bath units which have balconies (upstairs) and patios (downstairs). The current annual income is $94,440 so a new owner will not need to aggressively raise rents to achieve market level rents. The Franzen Avenue 4-plex is a turnkey apartment building with great rents in a location that will be sought after for years to come.

Anaheim CA Residential Income for Sale

PRICE REDUCED FOR QUICK SALE. The Gramercy 4-plex apartments is a two story garden style four unit apartment building located in Northwest Anaheim. All four apartments are spacious 2 bedroom and 1 bathroom units and the annual income is $69,360. Tenant amenities include wall air conditioning and heat, enclosed private patios (downstairs) and balconies (upstairs), garage parking, individual water heaters, and washer dryer hookups. Some units have been updated with granite counters and laminate flooring. The building structure is 3,827 square feet and is separately metered for utilities; lowering owner operating costs. The apartments are within close walking distance to employment centers, hospitals, schools, and retail shopping.

Dana Point CA Residential Income for Sale

We are pleased to present 33422 Cheltam Way, a 4-unit investment opportunity located in one of Orange County's premier coastal communities of Dana Point. Perched upon a ridge, the Cheltam Way apartments offer sweeping canyon views from the building's expansive patios and balconies all while being in close proximity to the best of what the city has to offer including the revitalized and trendy Lantern District, Dana Point Harbor, and miles of iconic beaches. This exceptionally well-maintained coastal asset is desirably comprised of 1 & 2-bedroom with den units that are always in high rental demand. Step inside and tenants will enjoy upgraded kitchens, bathrooms, and flooring paired with upscale and high-end amenities such as fireplaces, dishwashers, and washer/dryer hookups. A new investor can cash-flow with as little as 25% down payment without having to invest in capital or cosmetic improvements, making the Cheltam Way apartments an exceptional addition to any investors portfolio. *2-Bedroom Units are 2-Bedroom + Den

Anaheim CA Residential Income for Sale

First time on the market in over 20 years. The Park Lane 4-plex is a large Covington built 4-plex located in Northeast Anaheim; bordering Placentia. The building will provide an immediate return as current rents are just under $8,000 a month totaling over $95,000 a year. The structure is 4,634 square feet and features large 2 and 3 bedroom apartments. All units have patios/balconies, wall A/C units, central heat, tile flooring and have updated kitchen cabinets, stone countertops and bathroom vanities. Tenants enjoy enclosed garage parking and have access to an onsite laundry facility, which provides additional income to the owner. Operating costs at the building are minimal as tenants pay their own gas, electric and cable. The Park Lane apartments boast a current cap rate of 4.6% and with interest rates at all time lows, the investment will provide an immediate cash flow.

Carlsbad CA Home for Sale

One block from the Beach! Rarely available Cape Cod style townhouse. The two bedroom townhome has a bright and open floor plan with wood flooring, two fireplaces, and a minibar. Enjoy partial ocean views from the kitchen and master bedroom both of which have their own balconies. The generously sized master bedroom features vaulted ceilings, its own private bathroom with oval shaped tub and standup shower, walk in closet and fireplace. You will be within walking distance from shops, restaurants and the train station in Carlsbad Village while the beach is one block away. The gated complex features a pool, spa and sauna.

Santa Ana CA Residential Income for Sale

Back on the market! Bring all offers! 2418 Ponderosa Street is a well maintained, Covington inspired 4-plex in North East Santa Ana; bordering North Tustin and Orange. The property is ideally located within the Orange Unified School District boundaries and is freeway close with the 55 and 22 freeways just minutes away. The building structure is 4,120 square feet and sits atop a flat, rectangular lot. The property boasts an attractive unit mix of (1) 3 bedroom 1.75 bath, (2) 2 bedroom 1.75 bath, and (1) 1 bedroom 1 bath units which have balconies (upstairs) and patios (downstairs). Recent notable upgrades include a new 30 year composition shingle mansard roof, new exterior paint, and extensive damaged wood replacement. Additionally, all tenants have central heaters, wall air conditioning units, garage and open parking spaces along with access to the onsite laundry room which has leased laundry machines. The current annual rental income is $87,900 so a new owner will not need to aggressively raise rents to achieve market level rents. The Ponderosa Street 4-plex is a turnkey apartment building with great rents in a location that will be sought after for years to come. Investors, please note rent collections have been 100% for the year, including during the pandemic

Anaheim CA Residential Income for Sale

The Nautical Street 4-plex apartments offer a great opportunity to purchase a single story 4-plex located in a desirable location of south east Anaheim. The building is 3,861 square feet and features a desirable unit mix of (1) 3 Bed 2 Bath (1) 2 Bed 1 Bath and (2) 1 Bed 1 Bath units. This asset has enjoyed a historically high occupancy rate through the years as multiple residents have been there several years. Tenants enjoy direct access garage parking (1 and 2 bedroom units), enclosed patios, a fireplace (3 bedroom) and have access to an onsite laundry room. Monthly owner expenses are minimal as the property is separately metered for gas and electric. The Nautical Street 4-plex is located between the 5 and 57 freeways and is in close proximity to the Platinum Triangle, Anaheim Convention Center and Disneyland making it an investment that will stand the test of time.

Orange CA Residential Income for Sale

We are pleased to present 11781 South Rancho Santiago Blvd, a well maintained duplex in Orange. The subject property features two 3 bed 2 bath units which are both tenant occupied. Both apartments feature updated windows throughout, ceramic tile flooring, stone countertops, newer cabinetry (some), forced air heat, horizontal blinds, and the back unit has central AC with a new condenser. The structure for the property is single story measuring approximately 2,020 square feet. It is separately metered for gas and electric and has a pitched composition shingle roof. Additionally, there is a separate utility room with owned coin operated laundry machines providing additional owner income. Finally, the Rancho Santiago duplex boasts ample tenant parking with two single car garages an additional six open parking spaces. The location and building have historically attracted tenants looking for a long term residence and will continue to do so for years to come.

Fullerton CA Residential Income for Sale

The Santiago Road apartment homes is a huge 4-plex nestled in the sought after Rolling Hills neighborhood in Fullerton. This rarely available asset features large 2 and 3 bedroom units which combine for a building square footage of over 5,200 square feet and sit atop a 10,797 square foot lot located at the end of a quiet cul-de-sac. Individual apartment amenities include gas forced air heating, central or wall air conditioning, a spacious kitchen, stone counters, updated kitchens and bathrooms, free cable TV, a balcony or patio, and have two private single-car enclosed garages. Additionally there is an onsite laundry facility, and 13 parking spaces - 8 garages and 5 open spaces. The property has been owned by the same family for over 30 years and operated with great care and consistent attention to its maintenance needs. The Santiago Road apartment homes are a turn-key asset located within a destination neighborhood in Fullerton that will be desirable for renters for years to come.

Santa Ana CA Home for Sale

Rarely available seller financing opportunity in Santa Ana. 1610 W. Civic Center Drive offers a well maintained 1980s constructed apartment building comprised of (4) two-bedroom/one-bath units. Each unit features updated kitchens, bathrooms, washer/dryer hookups, individual water heaters, and a private patio or balcony. Boasting (4) carport spaces and (8) open parking spaces, the property provides a coveted 3:1 parking ratio, a rarity for apartments. Spanning 3,797 SF, the mostly stucco structure has recently undergone wood siding replacement. Surrounded by single-family homes and smaller apartment buildings, the neighborhood offers a tranquil setting. The seller is open to negotiating financing terms for up to 10 years, presenting an enticing investment opportunity.

Orange CA Residential Income for Sale

Price reduced for quick sale. 330 North Shaffer Street is a well maintained duplex located in Old Towne Orange. The property is conveniently located just steps from Chapman University and is within 3 blocks of Central Plaza Park which is the central point of Old Towne Orange. The duplex features two detached apartment structures which sit atop a rectangular shaped 7,571 square foot lot. The subject property features two and three bedroom apartments which are both currently rented. Each apartment comes with its own private, enclosed yard and the 2 bedroom apartment has an attached storage room. Both apartments have upgraded flooring throughout, new kitchen cabinets and countertops, newer panel doors, new bathroom vanities, and updated tile shower surrounds. Along with the close proximity to Old Towne Orange and Chapman University, the Shaffer duplex apartments are easily accessible from the 22, 57, 55, and 5 Freeways along with the Orange Metrolink Station.

Orange CA Residential Income for Sale

PRICE REDUCED FOR QUICK SALE. The Grove Avenue 4-plex apartments present an opportunity to acquire a single story 4-plex with all two bedroom units in a neighborhood surrounded by schools, retail and employment opportunities. The structure is 3,460 square feet featuring four 2 Bedroom 1 Bathroom units along with 4 enclosed garages and two additional open spaces. Each of the apartments have an enclosed patio, combination wall air conditioning and heater unit, washer and dryer hookups, an individual water heater, and a garage parking space. The subject property is within a few blocks of major employment opportunities (Home Depot, Target and Walmart) while schools and freeway access are minutes away as well. The city of Orange has always been a sought after locale for renters, and major retailers continue to open along North Tustin Street which connects with Grove Avenue. The Grove Avenue 4-plex is an ideally located asset and will be for years to come. Cap rate and GRM based on proforma rents.

Fullerton CA Home for Sale

1400 and 1402 East Wilshire Avenue in Fullerton is a never on the market one family-owned single-story duplex. These feel like homes, not apartments. Each independent side of this duplex features spacious 2-bedroom 1-bathroom homes with characteristics that are appealing to everyone. One apartment can be delivered vacant at the close of escrow, which is ideal timing for an owner occupant buyer or an investor looking for an immediate improved return on investment. Residences feature spacious living rooms with real wood burning fireplaces and vaulted ceilings that have their original wood beams that extend into the open plan kitchen. Over-sized south facing sliding glass doors connect the kitchens to private covered patios large enough for a protected outside dining area, backyards with space for gardening, and possibly a pet (currently not allowed). Each unit has an attached one and a half car garage with washer and dryer hookups for full size appliances, and power garage doors and remotes. There is room to park two full size vehicles off street on each driveway in addition to the garage space. This meticulously maintained property received two coats of fresh paint on the entire exterior in September of 2024 along with new, low maintenance and water usage landscaping in front of t

Garden Grove CA Home for Sale

Welcome to 10105 Dakota Avenue, a recently fully remodeled triplex plus a bonus unit that is nestled in the heart of Garden Grove, this property is bursting with potentialespecially with fully approved plans for a new 2-bedroom ADU that will bring even more value and income. Each apartment has been beautifully renovated from the studs up, featuring high-quality finishes that create a cozy and modern feel. Youll appreciate the comfort of central air conditioning and the convenience of in-unit washers and dryers (included in the sale). The exterior has recently received upgrades such as, new paint, roof, vinyl windows, and modern landscaping thats both beautiful and low-maintenance. With an impressive annual income exceeding $90,000, 10105 Dakota Avenue is a fantastic opportunity for anyone looking to step into a turnkey property that requires little upkeep and has great upside potential. This property is ideal for an owner occupant or for someone to use it as an investment property.

Santa Ana CA Residential Income for Sale

2606 South Rosewood Avenue is a well maintained 4-plex located less than 1 mile from South Coast Plaza. The two story structure is 3,500 square feet and sits atop a 6,098 square foot lot. All apartments feature two bedrooms with one bathroom with spacious living areas. Two apartments have been extensively renovated (kitchens, bathrooms, flooring, fixtures, etc) while the remaining two have had partial rehabs. All bathrooms have been renovated with new paint, flooring, baseboards and tile shower surrounds. Additionally, all units feature wall heating, gas cooking, dishwashers, and individual hot water heaters. The subject property is within walking distance from Coastal Communities Hospital, Carl Thornton Park, and the Segerstrom Center for the Arts. 2606 S. Rosewood will be a coveted rental neighborhood for years to come as residents are able to walk to shopping, education, hospitals, and employment opportunities.

Santa Ana CA Residential Income for Sale

2606 South Rosewood Avenue is a well maintained 4-plex located less than 1 mile from South Coast Plaza. The two story structure is 3,500 square feet and sits atop a 6,098 square foot lot. All apartments feature two bedrooms with one bathroom with spacious living areas. Two apartments have been extensively renovated (kitchens, bathrooms, flooring, fixtures, etc) while the remaining two have had partial rehabs. All bathrooms have been renovated with new paint, flooring, baseboards and tile shower surrounds. Additionally, all units feature wall heating, gas cooking, dishwashers, and individual hot water heaters. The subject property is within walking distance from Coastal Communities Hospital, Carl Thornton Park, and the Segerstrom Center for the Arts. 2606 S. Rosewood will be a coveted rental neighborhood for years to come as residents are able to walk to shopping, education, hospitals, and employment opportunities.

Anaheim Hills CA for Rent

This beautiful 2 story home has 5 bedrooms, a loft and features a spacious interior with high ceilings. The spacious downstairs features an open kitchen with enormous center island, granite countertops, and stainless steel appliances. Next to the kitchen there is a generously sized family room which has sliding glass door that opens to the back yard. A few of the notable highlights of this home include a large family room fireplace, Roman tub in master bath, three-car tandem garage, and four-car driveway, and wiring installed to set up surround sound home theater system. The backyard includes a custom 12-foot waterfall, fire pit, and barbecue. Luscious greenery and palm trees give this home a park-like feel. Impressive front yard landscaping adds to the lovely curb appeal of this home. Enjoy amazingly clear views of mountains and rolling hills from many angles of the house. Top-rated schools, parks and shopping, and dining are just minutes away! Easy and close access to both the 91 freeway and 241 toll road.