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    21833 Verne

    Hawaiian Gardens, CA 90761
    • $5,750,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: OC21068032
    UPDATED: 63 min ago
    $5,750,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,186
      SQFT
    • $379
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    ALL TOWNHOUSE STYLE FLOOR PLANS CypressVillas Apartments Homes has a desirable unit mix of large 1 / 1.0 and 2 / 1.0 townhouse floor plans. The property boasts a courtyard, laundry facilities, controlled access, and secure parking garage.$90 MILLION COMMUNTY INVESTMENT The GardensCasino is a short walk from Cypress Villas and the largest employer in Hawaiian Gardens. Recently finished construction of a new $90-million casino that is 200,000 square feet with 225 tables. The new casino has already added 400 new jobs bringing its total employment to over 2,200 employees.HIGH LY OCCUPIED WITH UPSIDE Cypress VillasApartments Homes is fully occupied with below market rents. A new owner can improve the tenant base through superior management to earn a value-add return.CENTRALIZED LOCATION Bordering Cypress and Los Alamitos, Hawaiian Gardens is less than a half hour drive into Anaheim and Long Beach. It is located minutes from the 605- and 405-Freeways.NEAR TO JOBS AND SHOPPING Cypress Villas is a short walk to Hawaiian Gardens Towne Center, The Gardens Casino (the largest employer in the city), and Hawaiian Gardens Square. The nearby casino and neighborhood centers provide excellent shopping and job opportunities. It is less than a mile from Long Beach Towne Center a 1 million square foot power center that is anchored by Walmart, Lowes, Sams Club, and Edwards IMAX.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T13:37:00.76. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/115677559
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    21833 Verne Hawaiian Gardens, CA 90761

    • Price: $5,750,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: OC21068032
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    15,186
    SQFT
    $379
    $/SQFT
    1973
    Built
    Neighborhood:
    54 - Hawaiian Gardens
    County:
    Los Angeles
    Area:
    54 - Hawaiian Gardens
    Property Description
    ALL TOWNHOUSE STYLE FLOOR PLANS CypressVillas Apartments Homes has a desirable unit mix of large 1 / 1.0 and 2 / 1.0 townhouse floor plans. The property boasts a courtyard, laundry facilities, controlled access, and secure parking garage.$90 MILLION COMMUNTY INVESTMENT The GardensCasino is a short walk from Cypress Villas and the largest employer in Hawaiian Gardens. Recently finished construction of a new $90-million casino that is 200,000 square feet with 225 tables. The new casino has already added 400 new jobs bringing its total employment to over 2,200 employees.HIGH LY OCCUPIED WITH UPSIDE Cypress VillasApartments Homes is fully occupied with below market rents. A new owner can improve the tenant base through superior management to earn a value-add return.CENTRALIZED LOCATION Bordering Cypress and Los Alamitos, Hawaiian Gardens is less than a half hour drive into Anaheim and Long Beach. It is located minutes from the 605- and 405-Freeways.NEAR TO JOBS AND SHOPPING Cypress Villas is a short walk to Hawaiian Gardens Towne Center, The Gardens Casino (the largest employer in the city), and Hawaiian Gardens Square. The nearby casino and neighborhood centers provide excellent shopping and job opportunities. It is less than a mile from Long Beach Towne Center a 1 million square foot power center that is anchored by Walmart, Lowes, Sams Club, and Edwards IMAX.
    Exterior Features

    Lot Features 36-40 Units/Acre Number Of Separate Electric Meters 22 Parking Features Assigned Parking Total 32 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Electric Expense 1800 Fuel Expense 6000 Garage YN Yes Gross Income 11016 Gross Scheduled Income 369708 Insurance Expense 5500 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 9000 Net Operating Income 226147 New Construction YN No New Taxes Expense 70793 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 22 Operating Expense 132725 Other Expense 5020 Rent Control YN No Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 30100 Trash Expense 3000 Vacancy Allowance 10836 Vacancy Allowance Rate 3 Water Sewer Expense 14791 Water Source Public

    Listing provided courtesy of Mike Marcu of Mike Marcu, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T13:37:00.76. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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