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

11

Building size

12,640 sqft

Lot size

34,756 sqft

Year built

1994

Stories

1

Garage spaces

16

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

97

MLS #

249025980

About this property

Exceptional Opportunity to own an 11-unit income property in the strong rental market of La Habra, Welcome to 275 -299 S. Monte Vista St. This unique offering consists of 3 separate buildings situated on 3 individual parcels, to be sold all together. This provides the future owner with flexibility and long-term strategic value. The property has been well maintained inside & out, and is perfectly set up with 6 single-level 2 bed/1 bath units- each with a private single-car garage. Then additionally, on the third parcel, a newer building, there are 5 two-story 3 bed/2 bath units- each with attached two-car garage. This property also promotes Tenant Desirability as it has Private Laundry Hookups Inside Each Unit, and is individually metered for gas, electric, and water. In addition to the private garages, there are 16 additional on-site parking spaces. There is also direct access to and use of a park area on the property. This investment features Strong Upside Potential as it is currently rented with long term tenants. The separately metered utilities reduce owner operating costs. The fact that these units sit on 3 separate parcels add flexibility for future repositioning, refinancing, or potential exit strategies. This is a rare opportunity to acquire a well-located, low-density, family-style apartment community with significant value-add potential in a desirable rental atmosphere. This property is Back on The Market subject to resolution/cancellation of current escrow, Don't Miss It, Call Us for More Info Today!

Location

275 S Monte Vista

La Habra, Orange, CA, 90631