713 W 4TH Avenue

    La Habra, CA 90631
    • $1,169,000
    • STATUS: Closed
    • ON SITE: 133 days
    • ID#: 18361810
    Sold - 09/12/2018
    $1,169,000
    SOLD - 09/12/2018
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,852
      SQFT
    • $303
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Ratings & Info

    Description

    We are proud to present 713 West 4th Avenue, a 4-unit multifamily property in the City of La Habra. Situated on a large 12,998 square foot lot, the two-story building contains 3,852 square feet of rentable area. The property consists of all 2 bedroom, 1.5 bath units located near Guadalupe Park. In addition to benefiting from current cash flow, an investor may also capitalize on approximately a 30% in rental upside.The property features two wide driveways, providing access to two large garages as well as additional carports for residents. Insulated at the rear of the property is a fenced backyard, surrounded by single-family homes. The units have been well maintained, but the opportunity remains for a new investor to add value through additional interior improvements, which could generate more income for the future.

    Sold by Jennifer Yeon of Re/Max Tri-City Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T22:31:52.707. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85344068

    713 W 4TH Avenue La Habra, CA 90631

    • Price: $1,199,000
    • Status: Closed
    • Updated: 58 min ago
    • ID#: 18361810
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    3,852
    SQFT
    $303
    $/SQFT
    1978
    Built
    Neighborhood:
    87 - La Habra
    County:
    Orange
    Area:
    87 - La Habra
    Property Description
    We are proud to present 713 West 4th Avenue, a 4-unit multifamily property in the City of La Habra. Situated on a large 12,998 square foot lot, the two-story building contains 3,852 square feet of rentable area. The property consists of all 2 bedroom, 1.5 bath units located near Guadalupe Park. In addition to benefiting from current cash flow, an investor may also capitalize on approximately a 30% in rental upside.The property features two wide driveways, providing access to two large garages as well as additional carports for residents. Insulated at the rear of the property is a fenced backyard, surrounded by single-family homes. The units have been well maintained, but the opportunity remains for a new investor to add value through additional interior improvements, which could generate more income for the future.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 3.35 Gross Multiplier 18.73 Gross Operating Income 64020.00 Improvements Amount 300751 Land Value 93720 Laundry YN Yes Net Operating Income 40169.00 Special Listing Conditions Standard Total Expenses 21930.00

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T22:31:52.707. 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. Licensed in the State of California, USA.
     
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