|Property Type||Homes for Sale|
$100, 000 PRICE REDUCTION!!! Best priced building in Orange County. Well located just south of La Habra Heights, the property features a balanced unit mix with separate meters for both gas and electricity. Current rents on the building are modest, averaging $882 for a 1 bedroom and the average rent for a 2 bedroom is $1103, for units that have well laid out floor plans in a quiet residential location. All the one bedroom units come with walk in closets, and every unit has an open kitchen and individual water heaters. In addition, the subject property is well parked with enclosed garages and open spaces. These amenities and the modest rents should allow an investor to sustain the current operating income with realistic rent growth in the future. There is also room to generate more laundry income as the current lease is on a month to month basis. Occupancy sits at 100%! Cash on Cash return of over 6.5% with todays commercial mortgage rates. Priced to Sell! SELLER IS MOTIVATED TO CLOSE BY THE END OF THE YEAR AND WILL LOOK AT ALL REASONABLE OFFERS. PLEASE DRIVE BY WITHOUT BOTHERING THE TENANTS OR ON-SITE MANAGER. Located just 3 miles west of the Downtown Brea Entertainment District and Brea Mall. South of Whittier Blvd. and East of Harbor Blvd. Please Call Ignacio Diaz Jr. 714-366-6119 for more information.
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