801 Corto Way

    La Habra, CA 90631
    • $1,850,000
    • STATUS: Closed
    • ON SITE: 201 days
    • ID#: OC17267755
    Sold - 03/08/2018
    $1,850,000
    SOLD - 03/08/2018
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,172
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Presenting this two story eight unit investment opportunity located in the City of La Habra. This property has a unit mix of two-bedroom and one-bedroom units contiguous with, and private access to, La Bonita Park. Each unit is individually metered for gas and electric. Each unit also has an air conditioning unit and individual water heater. The building has received some recent upgrades as well, including interior and exterior renovations. The interiors show well, and the property is nicely landscaped with grass, plants, and palm trees. The common area contains an on-site laundry room and ample covered parking for tenants with parking storage units. Current rents are effective on February 1, 2018. The building is located right off of Beach Blvd, placing tenants in close proximity to major retail, entertainment, and employment opportunities. It's minutes from various golf courses including Westridge & Los Coytes. 801 Corto Way is situated in between Whittier Christian High School & La Habra High School along with many other elementary & middle schools. The property also is less than a mile from many recreational parks and 10 minutes from the I-5 Freeway.

    Sold by Wilfred Drouin of Drouin Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T07:28:09.787. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/79111839

    801 Corto Way La Habra, CA 90631

    • Price: $1,850,000
    • Status: Closed
    • Updated: 56 min ago
    • ID#: OC17267755
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    5,172
    SQFT
    $0
    $/SQFT
    1960
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    87 - La Habra
    Property Description
    Presenting this two story eight unit investment opportunity located in the City of La Habra. This property has a unit mix of two-bedroom and one-bedroom units contiguous with, and private access to, La Bonita Park. Each unit is individually metered for gas and electric. Each unit also has an air conditioning unit and individual water heater. The building has received some recent upgrades as well, including interior and exterior renovations. The interiors show well, and the property is nicely landscaped with grass, plants, and palm trees. The common area contains an on-site laundry room and ample covered parking for tenants with parking storage units. Current rents are effective on February 1, 2018. The building is located right off of Beach Blvd, placing tenants in close proximity to major retail, entertainment, and employment opportunities. It's minutes from various golf courses including Westridge & Los Coytes. 801 Corto Way is situated in between Whittier Christian High School & La Habra High School along with many other elementary & middle schools. The property also is less than a mile from many recreational parks and 10 minutes from the I-5 Freeway.
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Features Carport Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 589 Average1 Bed Area Units Square Feet Average2 Bed Area 819 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.80 Community Features CurbsSidewalksStreet Lighting Country Us Electric Expense 500.00 Elevation Units Feet Fuel Expense 1500.00 Gardener Expense 1200.00 Gross Income 131700.00 Gross Multiplier 14.20 Gross Operating Income 127812.00 Gross Scheduled Income 131700.00 Gross Spendable Income 88984.00 Have 8 Units - La Habra Insurance Expense 2385.00 Land Lease YN No Laundry Income 2100.00 Laundry YN Yes Maintenance Expense 4000.00 Net Operating Income 88984.00 New Taxes Expense 21509.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 38828.00 Other Expense 3834.00 Other Expense Description Reserves Pest Control Expense 600.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Other Tenant Pays ElectricityGas Total Actual Rent 10800.00 Total Expenses 38828.00 Trash Expense 1500.00 Vacancy Allowance 3888 Vacancy Allowance Rate 3.00 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mark Bridge of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T07:28:09.787. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003