140 W Orangethorpe Avenue

Placentia, CA 92870
Property listed by Marcus & Millichap RE Invest, Michael Cavner [email protected]
$29,500,000
Rare 80 unit, single story multifamily community on 5.17 contiguous acres in Placentia. The property is 96.25% occupied and offers a 5.80% current underwritten cap rate. Unit mix consists of 79 two bedroom, one bath residences and one one bedroom, one bath plus office. Every unit includes… Read MoreRead Less
Listing Snapshot
Days Online
5
Last Updated
Property Type
Apartment
Lot Size
5.17 Acres
Year Built
1962
MLS Number
OC26219542
Property Location Map
Additional Details
Building
Built in 1962, 20 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: First level
Community
Curbs, Gutters, StreetLights, Sidewalks, Pool
Expenses
Electric: $20,394, Fuel: $7,185, Insurance: $68,000, Maintenance: $80,000, Operating: $885,749, Trash: $50,290, Water/Sewer: $86,561
Home Owner's Association
Association Fee: $0
Income
Gross Income: $2.67007e+06, Gross ScheduledIncome: $2.46294e+06, Net Operating Income: $1.71044e+06
Laundry
CommonArea
Lot
5.17 acres, StreetLevel
Parking
80 open parking spaces, 160 total parking spaces
Pool
Community
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 34418102, Tax Block: 7, Lot: 2
Utilities
Water Source: Public, 80 separate electric meters, 80 separate gas meters
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Melanie Kermode
REALTOR® | DRE 01188137
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.