738 W La Jolla Street

  • Placentia

  • $5,500,000
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Residential Income Details

Description
CLASS A BUILDING! We are pleased to present a 10 Unit Brand New multifamily property located in the City of Placentia. Situated on almost half an acre lot, the property consists of eight four-bedroom tri-level townhouse style units with two bath each, and two owner style four bedroom tri-level townhouse style units with two and a half bath units. Built in 2018, the ten townhome units offer private garage parking with direct access, ample storage, new appliances, central A/C and Heat, and modern Kitchen and Bathrooms. The units are equipped with brand new interior finishes which include granite counter tops, wooden cabinets, and beautiful flooring throughout. Each unit has their own Garage, Patio, & Balcony. All units are multi-level and separately metered for gas, electric, and water as well. Each unit has their own Washer and Dryer and extra storage closets. The Seller is finishing construction and will have certificates of occupancy by end of May, but is selling now. COE to take place after CO is received. A Buyer has the opportunity to fill up themselves with their own tenants. The Best Rent Comp is for the same style building, just built in 2017 only 50 yards away. They are getting $2,900, so if this building gets the same, you are at 4.5+% CAP Rate for New Construction in Orange County. In addition, the Price/SF is Under $300/SF for New Construction! We have digital building plans, and appraisal at $5mil from 2016 (2 years old), another reason why $5.5mil.
Essential
MLS #OC18089158
Price$5,500,000
Number of Units10
Sale TypeStandard
StatusPending
Listing BrokerageMarcus & Millichap RE Invest
Listing AgentMark Bridge
Listing Agent BRE #01316702
Interior
FeaturesBalcony,Granite Counters,Pantry,Storage Space
AppliancesDishwasher,Garbage Disposal,Gas Oven,Gas Range,Gas Stove,Gas Water Heater,Range/Stove Hood,Refrigerator
CoolingCentral
HeatingCentral Furnace
Exterior
ParkingDirect Garage Access,Garage
Garage Spaces10
PoolNone
Community
Area84 - Placentia
TractOther (OTHR)
CommunityCurbs,Gutters,Sidewalks,Storm Drains,Street Lighting
Address738 W La Jolla Street
CityPlacentia
CountyOrange
StateCA
ZipCode92870
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, August 8, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.