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$3,920,000

Est. payment - /mo

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0.8 Acres Lot

Price Dropped by $180K

275 S Monte Vista La Habra, CA 90631

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR26046764

HOA Y/N No

Year Built 1994

Lot Size 0.798 Acres

Property Sub-Type Apartment

Property Description

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 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!

Location

State CA

County Orange

Area 87 - La Habra

Interior

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Laundry Inside

Exterior

Parking Features Door-Multi, Door-Single, Garage, On Site

Garage Spaces 16.0

Garage Description 16.0

Fence Block

Pool None

Community Features Curbs, Street Lights

Total Parking Spaces 34

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 29801114

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://sites.listvt.com/mls/233642491

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Listed by Kris Burdett Rolling Hills Real Estate 909-851-5768, DRE #00997924

NEARBY SCHOOL & BUSINESS

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