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Bailey Properties
911 N Walnut Street, La Habra, CA 90631
- $7,500,000
Listed by Ed Diaz, from Vanguard Property Group
(If provided) CoList: Jay Noyola from Vanguard Property Group
- List Price
- $7,500,000
- MLS#
- CRPW26219075
- Status
- ACTIVE
- Lot Size
- 34,306
- Listing Area
- 699 - Not Defined
- Year Built
- 1962
Property Description
We are proud to present the Walnut Apartments; a pride of ownership 22 unit apartment community located in a prime La Habra, Orange County location. The subject property possess an excellent and diverse unit mix of: 7 (3+1.75), 10 (2+1), and 5 (1+1). Additionally, all of the units are separately metered for gas and electric, plus are RUBS are in place with the tenants offsetting landlord utility bills and improving cash flow. There is is also a common laundry room providing the landlord with additional income. The subject property electrical system has been upgraded with newer exterior electrical panels and interior sub panels for all units - a key upgrade required for securing property insurance. Some of the units have been renovated with a combination of new kitchens with new cabinetry, counter tops and fixtures and new bathrooms. Some units have private patios which is a highly coveted tenant amenity along with a sparking pool. Please see attached supplements for marketing brochure containing additional information: rent roll, operating expenses and photos. The Walnut Apartments are being offered at an in place 5.36% CAP rate and 11.3 GRM, with upside to a 6.4 CAP rate and 10.08 GRM on proforma rents, ensuring immediate, and future, returns for a savvy multifamily investor.
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Additional Information
- Amenities
- Double Pane Windows(s), Other, Screens
- Cooling System
- Window / Wall Unit
- Foundation
- Concrete Slab
- Garage Parking
- Assigned Spaces, Carport
- Laundry Facilities
- Laundry Area
- Lot Size
- 34,306
- Neighborhood
- 699 - Not Defined
- Pool Description
- 31, Pool - Yes
- Unincorporated Yn
- Yes
- View
- Neighborhood View, 31
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
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