La Habra, CA 90631 275 S Monte Vista
$3,920,000
Pending



64 more
































































Presented By: Kris Burdett with Rolling Hills Real Estate; 909-851-5768
Home Details
Exceptional Opportunity to own an 11-unit income property in the strong rental market of La Habra, Welcome to 275 -299 S. Monte Vista St. This unique offering consists of 3 separate buildings situated on 3 individual parcels, to be sold all together. This provides the future owner with flexibility and long-term strategic value. The property has been well maintained inside & out, and is perfectly set up with 6 single-level 2 bed/1 bath units- each with a private single-car garage. Then additionally, on the third parcel, a newer building, there are 5 two-story 3 bed/2 bath units- each with attached two-car garage. This property also promotes Tenant Desirability as it has Private Laundry Hookups Inside Each Unit, and is individually metered for gas, electric, and water. In addition to the private garages, there are 16 additional on-site parking spaces. There is also direct access to and use of a park area on the property. This investment features Strong Upside Potential as it is currently rented with long term tenants. The separately metered utilities reduce owner operating costs. The fact that these units sit on 3 separate parcels add flexibility for future repositioning, refinancing, or potential exit strategies. This is a rare opportunity to acquire a well-located, low-density, family-style apartment community with significant value-add potential in a desirable rental atmosphere. Don't Miss It, Call Us for More Info Today!
Presented By: Kris Burdett with Rolling Hills Real Estate; 909-851-5768
Interior Features for 275 S Monte Vista
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Laundry FeaturesInside
Total Stories1
Other Rooms
Entry Level1
General for 275 S Monte Vista
Additional Parcels Description29801113, 29801115
Additional Parcels Y/NYes
Building Area UnitsSquare Feet
CityLa Habra
Community FeaturesCurbs, Street Lights
CoolingCentral Air, Wall/Window Unit(s)
CountyOrange
DirectionsNorth of Lambert
Entry Locationground
Garage Spaces16
Garage Y/NYes
Gross Income
Insurance Expense
Land Lease Y/NNo
Listing TermsCash to New Loan
Lot Size Square Feet34756
Lot Size UnitsSquare Feet
MLS Area87 - La Habra
Net Operating Income195000
New ConstructionNo
Number Of Units Total11
Number of Units Leased11
Open Parking Spaces18
Operating Expense42444
Pool FeaturesNone
PostalCityLA HABRA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Subdivision Namenone
Tax Lot11
Total Actual Rent243000
Trash Expense7160
Virtual TourClick here
Virtual TourClick here
Year Built1994
Year Built SourceEstimated
Exterior for 275 S Monte Vista
Building Area Total12640
FencingBlock
Lot Features11-15 Units/Acre
Lot Size Acres0.7979
Lot Size Area34756
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters11
Parking FeaturesDoor-Multi, Door-Single, Garage, On Site
Private PoolNo
Total Parking34
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 12,640