Property listed by Rolling Hills Real Estate, Kris Burdett 909-851-5768
$4,100,000
Discover this 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… Read More 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. Don't Miss It, Call Us for More Info Today! Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.8 Acres
Year Built
1994
MLS Number
TR26046764
Additional Details
Building
Built in 1994, 3 buildings, 1 storey, Entry level: 1, Entry location: ground
Community
Curbs, StreetLights
Cooling
CentralAir, WallWindowUnits
Expenses
Operating: $42,444, Trash: $7,160
Fence
Block
Garage
16 spaces
Income
Gross ScheduledIncome: $243,000, Net Operating Income: $195,000
Laundry
Inside
Lot
0.7979 acres, ElevenToFifteenUnitsAcre
Parking
18 open parking spaces, 34 total parking spaces, DoorMulti, DoorSingle, Garage, OnSite
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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