ORANGE COUNTY REAL ESTATE
Address
738 W La Jolla Street Placentia, CA
Price
$ 6,380,000
Property Attributes
  • MLS#AR21264144
  • TypeIncome
  • CountyORANGE
  • CityPlacentia
  • AreaPlacentia
  • NeighborhoodOther
  • Zip92870
  • Style
  • Price$ 6,380,000
  • Bedrooms40
  • Full Bathrooms22
  • Half Bathrooms0
  • Sqr Footage13758
  • Lot Size0.430005 Acres
Listing Provided Courtesy Of:
Gina Ma with IRN Realty - 626-215-5788
Data Source:
California Regional MLS (CRMLS)
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 4.4. Current market rent is much higher, after increasing, the Cap Rate might be around 5.3 * 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 pics showing newly remodeled is for one unit * 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!

Price History
12/14/2021 Listed $6,380,000

General Features

Appliances Dryer, Washer
Community Features Curbs, Sidewalks
Cooling Central Air
Garage Spaces 12
Garage Y/N Yes
Listing Agent Gina Ma - BRE#01426061
Listing Agent State License 01426061
Lot Size Square Feet 18731
MLS Area 84 - Placentia
Open Parking Spaces 4
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Unknown
Special Listing Conditions Standard
Status Active
Subdivision Name Other (OTHR)
Terms Cash, Cash to New Loan
Total Actual Rent 25500
Total Units 10
Water Sewer Expense 2100

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Laundry Features Inside

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.43
Lot Size Area 18731
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 11
Number of Separate Gas Meters 11
Number of Separate Water Meters 10
Total Parking 16
Water Source Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92870

Price
AVG $2.9M
$6.38M
Visits
AVG 167
341
Year Built
AVG 1974
2018
Walkscore
AVG 47
46
Data Provided by Walkscore ® not using MLS data

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