Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

22

Building size

19,900 sqft

Lot size

34,306 sqft

Year built

1962

Stories

2

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

Private

View

Courtyard,Pool

Status

Active

Days on market

0

MLS #

248026350

About this property

We are proud to present the Walnut Apartments; a pride of ownership 22 unit apartment community located in a prime La Habra, Orange County location. The subject property possess an excellent and diverse unit mix of: 7 (3+1.75), 10 (2+1), and 5 (1+1). Additionally, all of the units are separately metered for gas and electric, plus are RUBS are in place with the tenants offsetting landlord utility bills and improving cash flow. There is is also a common laundry room providing the landlord with additional income. The subject property electrical system has been upgraded with newer exterior electrical panels and interior sub panels for all units - a key upgrade required for securing property insurance. Some of the units have been renovated with a combination of new kitchens with new cabinetry, counter tops and fixtures and new bathrooms. Some units have private patios which is a highly coveted tenant amenity along with a sparking pool. Please see attached supplements for marketing brochure containing additional information: rent roll, operating expenses and photos. The Walnut Apartments are being offered at an in place 5.36% CAP rate and 11.3 GRM, with upside to a 6.4 CAP rate and 10.08 GRM on proforma rents, ensuring immediate, and future, returns for a savvy multifamily investor.

Location

911 N Walnut Street

La Habra, Orange, CA, 90631