Property listed by Vanguard Property Group, Ed Diaz 714-401-2855
$7,500,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
5
Last Updated
Property Type
Apartment
Lot Size
0.79 Acres
Year Built
1962
MLS Number
PW26219075
Additional Details
Property Access
Frontage Type: CityStreet
Building
Built in 1962, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Curbs, Gutters, Sidewalks
Cooling
WallWindowUnits
Expenses
Operating: $249,087
Fireplaces
None
Foundation
Slab
Home Owner's Association
Association Fee: $0
Income
Gross Income: $651,293, Gross ScheduledIncome: $664,562, Net Operating Income: $402,206
Laundry
CommonArea
Lot
0.7876 acres
Parking
22 carport spaces, 22 open parking spaces, 44 total parking spaces, Assigned, Carport
CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, ElectricityOnProperty, 22 separate electric meters, 22 separate gas meters
Windows
CasementWindows, InsulatedWindows, Screens
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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.
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