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29880912
29880913

311 N Idaho, La Habra, CA 90631

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group
$3,850,000
102 days on market
Updated 70 days ago

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

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Listing Contacts

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group

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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

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