Est. cap rate

3.1%

Assumed rent, all units

$7,650/mo

Units

3

Price per unit

$499,667

Est. annual NOI

$45,900

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

3,018 sqft

Lot size

26,872 sqft

Year built

1959

Stories

1

Garage spaces

4

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

103

MLS #

244873021

About this property

Rare multifamily investment opportunity in the heart of Placentia. This well-maintained triplex is situated on an expansive 27,060 SF R2 Low/Medium Density lot, offering a unique combination of stable in-place income and long-term upside. The property features one (1) 3-bedroom, 1.5-bath unit and two (2) 2-bedroom, 1-bath units with ample on-site parking and attractive outdoor space. The oversized parcel provides potential opportunities for future ADU development or redevelopment (buyer to verify with the City of Placentia). Conveniently located near shopping, dining, schools, parks, and major freeways, this is a rare opportunity to acquire a well-located multifamily asset with exceptional land value in North Orange County.

Location

607 W La Jolla

Placentia, Orange, CA, 92870