14712 Newland Street, Midway City, California 92655, Midway City, 92655 - 8 bed, 6 bath

14712 Newland Street, Midway City, California 92655 home-pic-0
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
$693
HOA
-
Days on market
-
Sold On
-
MLS number
PW25093813
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.95M(90th), sqft - 2814(80th), beds - 8(80th), baths - 6(80th).

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!

Condition Rating
Excellent

Despite the original build year of 1956, the property has undergone extensive and recent renovations. The main house is 'newly remodeled,' the ADU is described as 'brand-new,' and the JADU features new fixtures and appliances. The images confirm modern, high-quality finishes in all visible kitchens and bathrooms, including shaker cabinets, quartz countertops, new stainless steel appliances, stylish tiles, glass shower doors, and contemporary light fixtures. Flooring is new throughout, and cooling systems (central AC and mini-splits) are updated. All components appear virtually new, meeting current quality standards, indicating a full recent renovation within the last 5 years.
Pros & Cons

Pros

Exceptional Income Potential: The property features three distinct residential units (Main House, ADU, JADU) on a single lot, providing diversified rental income streams and maximizing investment return.
Prime & Amenity-Rich Location: Situated in a prime Midway City location, offering walking access to vibrant cultural districts (Bolsa, Phuoc Loc Tho), Mile Square Park, schools, shopping, and easy freeway access, ensuring high tenant demand.
Modern & Updated Units: The main house is newly remodeled, and both the detached ADU and JADU are brand new or recently updated with contemporary finishes, appliances, and fixtures, reducing immediate capital expenditures for an investor.
Energy Efficiency & Comfort: The ADU includes a solar system and individual mini-split air conditioning, while the JADU also features mini-split AC, contributing to lower utility costs and enhanced tenant comfort. The main house has central AC.
Ample Parking: The property offers ample parking space for all three units, a significant advantage in a dense urban area and a key selling point for prospective tenants.

Cons

Age of Original Construction: While the main house is remodeled, its original construction year of 1956 suggests that underlying infrastructure not covered by recent updates (e.g., foundation, original plumbing/electrical) could present future maintenance considerations.
Increased Management Complexity: Managing three separate rental units on one property requires more intensive oversight, including multiple leases, maintenance schedules, and tenant relations, which may demand more time or professional management services.
Potential for Limited Private Outdoor Space: With three homes occupying a 7,624 sqft lot, individual private outdoor areas for each unit might be limited, which could be a drawback for tenants seeking more personal green space.

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