UPDATED:
12/05/2024 03:47 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24237674
HOA Y/N No
Year Built 1955
Lot Size 0.545 Acres
Property Description
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
Area 699 - Not Defined
Interior
Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Bungalow
New Construction No
Others
Senior Community No
Tax ID 01808722
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
