

Listed by Kirklen Investment Group
$3,850,000
311 N Idaho Street
Details
APN 01808722
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,160
Units 9
Cap Rate 5.05%
NOI $194,381
Occupancy 100%
Pro-Forma Cap Rate 5.59%
Pro-Forma NOI $215,369
Price per SqFt $538
Broker Co-Op Yes
Class B
Year Built 1955
Year Renovated 2024
Buildings 2
Stories 1
Acreage 0.545
Zoning Assessor
Parking Spaces 12 spaces
Parking Per SqFt 1.68
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange
Multifamily | 9 Units | $427,778/unit
Marketing description
311 Apartment Homes (the Property) is located at 311 North Idaho Street in La Habra, CA. The Property consist of 9 low density garden style units in two single story buildings. The asset features an excellent unit mix consisting of seven (7) 1 bedroom / 1 bathroom units and two (2) newly constructed 3 bedroom / 2 bathroom units on a spacious 23,724 square foot parcel. The property includes 12 assigned parking spaces, is separately metered for gas and electric, and residents enjoy large private yards. 311 Apartment Homes has recently undergone a comprehensive renovation program with over $1.1 million invested into upgrading the property. As such, residents are provided a high quality living experience and a new owner will enjoy a truly turn-key investment property. Property improvements completed include, but are not limited to, complete unit interior renovation to all units (addition of in-suite laundry, plank vinyl flooring, new cabinets, quartz countertops, new bathtub and shower surrounds, new electrical subpanels, upgraded lighting package, fresh paint, central AC and heat, stainless steel appliances and modern finishes), new windows, new unit entry doors, new fencing, complete landscaping replacement, concrete replacement & repair, roof repair, stucco repair & exterior paint, asphalt repair / replacement and new exterior lighting. 311 Apartment Homes is conveniently located between two large shopping centers, La Habra Gateway and La Habra Marketplace, both of which provide a variety of dining, shopping and entertainment opportunities. The Property is located near Beach
Investment highlights
100% Turnkey, Stabilized Asset
$1.1M Spent on Renovations
Modern Kitchens and Finishes with Stainless Steel Appliances
New Low-Maintenance Landscaping and Concrete Replacement Throughout
Interior and Exterior Lighting Package
Great Mix of 1- and 3-Bedroom Units
Single Story Construction
12 Parking Spaces
Large Private Patios
Listing Contacts


Listed by Kirklen Investment Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$194,381.00
$16,198.42/mo
Valuation Metrics
0
DSCR
5.05%
Cap Rate
5.05%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?


































