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738 W La Jolla Street

Placentia, CA 92870
  • $5,900,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: AR21240513
UPDATED: 28 min ago
$5,900,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2018
County:

School Ratings & Info

Listing provided courtesy of Gina Ma of IRN Realty

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 4.5. Current market rent is much higher, after increasing, the Cap Rate might be around 5.5 * 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 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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T20:29:29.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/122962606
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738 W La Jolla Street Placentia, CA 92870

  • Price: $5,900,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 28 min ago
  • ID#: AR21240513
0
Beds
0
Baths
0
½ Baths
0.43
Acres
2018
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
84 - Placentia
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 4.5. Current market rent is much higher, after increasing, the Cap Rate might be around 5.5 * 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 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!
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 11 Open Parking Spaces 2 Parking Total 24 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DishwasherGas CooktopGas OvenGas RangeGas Water HeaterRefrigeratorRange HoodDryerWasher Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Interior Features BalconyGranite CountersPantryStorage

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsSidewalks Electric Expense 1600 Fuel Expense 0 Garage YN Yes Gross Income 285600 Gross Scheduled Income 324000 Insurance Expense 3365 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 500 Net Operating Income 260576 New Construction YN No New Taxes Expense 45559 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 10 Operating Expense 63424 Other Expense 2400 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 5500 Water Sewer Expense 2100 Water Source Other



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T20:29:29.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Gina Ma of IRN Realty