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Listed by Jason Kirklen • Kirklen Investment Group
$ 4,316,000
Est. payment | /mo
7,160 SqFt
$ 4,316,000
Est. payment | /mo
7,160 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,160 sqft
Price per Sqft $602
MLS Listing ID OC-24237674
Style Bungalow
Year Built 1955
Lot Size 0.545 Acres
Property Description
311 Apartment Homes (the "Property") is located at 311 North Idaho Street in La Habra, CA. The Property consist of 9 low density garden style units in two single story buildings. The asset features an excellent unit mix consisting of seven (7) 1 bedroom / 1 bathroom units and two (2) newly constructed 3 bedroom / 2 bathroom units on a spacious 23,724 square foot parcel. The property includes 12 assigned parking spaces, is separately metered for gas and electric, and residents enjoy large private yards. 311 Apartment Homes has recently undergone a comprehensive renovation program with over $1.1 million invested into upgrading the property. As such, residents are provided a high quality living experience and a new owner will enjoy a truly turn-key investment property. Property improvements completed include, but are not limited to, complete unit interior renovation to all units (addition of in-suite laundry, plank vinyl flooring, new cabinets, quartz countertops, new bathtub and shower surrounds, new electrical subpanels, upgraded lighting package, fresh paint, central AC and heat, stainless steel appliances and modern finishes), new windows, new unit entry doors, new fencing, complete landscaping replacement, concrete replacement & repair, roof repair, stucco repair & exterior paint, asphalt repair / replacement and new exterior lighting. 311 Apartment Homes is conveniently located between two large shopping centers, La Habra Gateway and La Habra Marketplace, both of which provide a variety of dining, shopping and entertainment opportunities. The Property is located near Beach Boulevard and Imperial Highway , making for a easy commute to the greater Orange County and Los Angeles County metros. Given the scope of the renovations, the current rents being achieved, and the ancillary income produced, this is an amazing turnkey, stabilized multifamily asset in a strong performing market.
Location
State CA
County Orange
Interior
Interior Features Ceiling Fan(s), Recessed Lighting
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Dryer Included, Washer Included
Exterior
Parking Features Assigned
Pool None
Community Features Curbs, Gutters, Sidewalks, Storm Drains
Building
Lot Description 21-25 Units/Acre
Sewer Public Sewer
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Darren Humphrey
Partner | Lic# DRE 01724424