$6,200,000
$6,380,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
0.43 Acres Lot
SOLD DATE : 03/16/2022
Key Details
Sold Price $6,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID AR21264144
Sold Date 03/16/22
HOA Y/N No
Year Built 2018
Lot Size 0.430 Acres
Property Description
*Highly Honored to Present Rarely Found Newly Built in 2018 * Big Potential - Possibility to convert from 10 Units to 10 Condominiums - Buyers verify with City! * Right now the Cap rate is around 4.4. Current market rent is much higher, after increasing, the Cap Rate might be around 5.3 * Tri- Level Townhouse Style 10 Unit New multifamily, All 10 Units Separately Metered for Gas, Electric, and Water! * CLASS A BUILDING! * Location, Location, Location! * Very Easy to Rent Out Due to Location * Located Near the Border of Anaheim, Yorba Linda, Fullerton, near CSU Fullerton, Schools, Transportation, and the 91 and 57 Freeways! * Great Tenants with Great Rent, & still has Much More Potential! * Situated on Almost Half an Acre Lot * The Property Consists of 2 Owner Style Units of 4 Bed/ 2.5 Bath with 3 Car Garage each Unit, and 8 Units of 4 Bed / 2 Bath each, the pics showing newly remodeled is for one unit * The 10 Townhome Units Offer Ample Storage, New Appliances, Central A/C and Heat, and Modern Kitchen and Bathrooms * The units are Equipped with Newer Interior Finishes which Include Granite Counter Tops, Wooden Cabinets, and Beautiful Flooring Throughout * Each unit has Their Own Private Garage, Balcony * All units are Multi-Level * * Pics were taken in 2018 / 2019 year * BOTH SELLERS AND LISTING AGENT ARE NOT AWARE WHETHER IT'S UNDER RENT CONTROL OR NOT, BUYERS TO VERIFY WITH CITY TO SATISFY! * Don't miss this great investment opportunity!
Location
State CA
County Orange
Area 84 - Placentia
Interior
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry Inside
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Unknown
Water Other
New Construction No
Others
Senior Community No
Tax ID 34401112
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with John Tu • AmeriPac Financial Svcs, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States