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$ 7,500,000
Est. payment | /mo
6 Beds
4 Baths
0.79 Acres Lot
$ 7,500,000
Est. payment | /mo
6 Beds
4 Baths
0.79 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26219075
Bedrooms 6
Lot Size 0.788 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction North of Whittier Blvd on Walnut
Interior
Cooling Wall/Window
Fireplace No
Exterior
Pool Private
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 30002220
Acceptable Financing Land Contract
Listing Terms Land Contract
Listed by Ed Diaz, DRE#01022469 Vanguard Property Group
Co-listed byJay Noyola • Vanguard Property Group
Co-listed byJay Noyola • Vanguard Property Group
Nearby Locations
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