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Travis Breton

travisbreton@gmail.com +1(866) 344-7473

Listed by Ed Diaz, DRE #01022469 • Vanguard Property Group

$ 7,500,000

Est. payment | -/mo

0.79 Acres Lot

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$ 7,500,000

Est. payment | -/mo

Save

0.79 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26219075

Year Built 1962

Lot Size 0.788 Acres

Source California Regional MLS

Property Description

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

State CA

County Orange

Area 699 - Not Defined

Interior

Cooling Window / Wall Unit

Laundry Laundry Area

Exterior

Parking Features Assigned Spaces, Carport

Garage Spaces 44.0

Pool 31, Pool - Yes

View Local/Neighborhood, 31

Building

Foundation Concrete Slab

Water District - Public

Others

Tax ID 30002220

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(866) 344-7473

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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911 N Walnut ST La Habra, CA 90631