14712 Newland Street, Midway City, California 92655, Midway City, - bed, bath

home-pic
ACTIVE$1,950,000
14712 Newland Street, Midway City, California 92655
8Beds
6Baths
2,814Sqft
7,624Lot
Year Built
1956
Close
-
List price
$1.95M
Original List price
$2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25093813
Home ConditionGood
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

Investor Alert! Three Homes with approximately 2814 SQFT on One Lot in Prime Midway City Location! Situated within walking distance to the vibrant Bolsa and Phuoc Loc Tho districts, as well as Mile Square Park, schools, shopping, offices, supermarkets, and with easy freeway access, this property is a renter's dream. The newly remodeled main house boasts approximately 1518 SQFT of comfortable living space with 4 bedrooms and 3 bathrooms. Enjoy the convenience of central air conditioning and an attached 2-car garage. The detached, brand-new ADU offers approximately 800 SQFT with 3 bedrooms and 2 bathrooms. This modern unit features new porcelain large custom tiles throughout, stylish new blue shaker cabinets and kitchen quartz countertops with a modern sink and fixtures, and brand-new stainless steel appliances. The bathrooms are beautifully appointed with new vanity, a walk-in shower featuring custom tiles, a sleek shower glass door, and stylish fixtures. Benefit from energy savings with the Solar system and individual mini-split air conditioning. The charming JADU provides approximately 496 SQFT with 1 bedroom and 1 bathroom, plus its own well-equipped kitchen. The kitchen features trendy blue shaker cabinets on the bottom and white shaker cabinets on top, kitchen quartz countertops and complemented by new stylish fixtures and new stainless steel appliances. Enjoy the bright and airy feel with recessed lighting throughout and the comfort of its own mini-split air conditioning. This property offers ample parking space for all units. The unbeatable location provides walking access to a wealth of amenities, ensuring high tenant demand. Don't miss this exceptional opportunity to invest in a prime rental market!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds83
86%
Baths62
86%
Square foot2,8141,321
86%
Lot Size7,6247,280
57%
Price$1.95M$1.05M
86%
Price per square foot$693$873
29%
Built year19561956
50%
HOA
Days on market19098
71%
Condition Rating
Good

The property consists of three homes on one lot. The main house was remodeled, and the ADU and JADU are brand new. The ADU and JADU feature modern kitchens and bathrooms with new appliances, shaker cabinets, quartz countertops, and stylish fixtures. The main house appears to be in good condition as well. Given the mix of remodeled and new construction, the overall condition is assessed as good.
Pros & Cons

Pros

High Rental Income Potential: Three separate units (main house, ADU, and JADU) on one lot provide multiple income streams, maximizing rental potential in a desirable location.
Prime Location: Walking distance to Bolsa and Phuoc Loc Tho districts, Mile Square Park, schools, shopping, and easy freeway access make it highly attractive to renters.
New ADU: The brand-new 800 SQFT ADU with modern finishes, stainless steel appliances, and individual mini-split air conditioning offers a premium rental option.
Remodeled Main House: The main house has been remodeled and features central air conditioning and an attached 2-car garage, providing comfortable living.
Solar System: The ADU benefits from a solar system, offering energy savings for tenants and increasing the property's appeal.

Cons

Original List Price Reduction: The property has already experienced a price reduction, which may indicate challenges in the current market or an initial overpricing.
Year Built (Main House): The main house was built in 1956, which may require ongoing maintenance and potential upgrades compared to newer construction.
Lot Size: The lot size of 7624 SQFT, while adequate, might limit future expansion or development opportunities compared to larger lots in the area.

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