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31109668
31109669

1001 N Harbor Blvd, La Habra, CA 90631

JH
CA 02208290
PH
CA 00856966
Northmarq
MH
CA #10996149, CA
NorthMarq - Newport Beach
Listed by Northmarq, NorthMarq - Newport Beach
$21,975,000
79 days on market
Updated 30 days ago

North Pointe Villas

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 53,794
Net Rentable (SqFt) 54,664
Units 61
Cap Rate 4.58%
NOI $1,006,996
Pro-Forma Cap Rate 5.45%
Pro-Forma NOI $1,197,055
Price per SqFt $409
Year Built 1969
Buildings 10
Stories 2
Acreage 2.530
Investment Type Value Add
Ground Lease No

Multifamily | 61 Units | Assumable 2.73% Financing

Marketing description

DRIVE BY ONLY, PLEASE DO NOT WALK THE PROPERTY WITHOUT PERMISSION FROM BROKER

North Pointe Villas is a well-maintained, garden style apartment community located at 1001 North Harbor Boulevard in the heart of La Habra, California. Originally built in 1969, the property features 60 spacious apartment homes spread across approximately 2.53 acres of landscaped grounds. With a total of 54,664 square feet, the community offers a thoughtfully balanced unit mix designed to meet a variety of lifestyle needs. The property includes (26) one-bedroom, one-bath units; (33) two-bedroom, one-and-a half bath units; and(1) three-bedroom, one-and-three-quarter bath unit.

This offering presents the rare opportunity to acquire a well maintained multifamily asset in one of Orange County’s most stable and resilient rental markets. North Pointe Villas benefits from immediate rental upside potential, with current in-place rents positioned below market levels—allowing for increased income through strategic rent adjustments. Additionally, the property offers the advantage of assumable below-market rate financing, providing strong in-place cash flow and attractive leverage, enhancing both near-term returns and long-term investment performance.

Investment highlights

  • Below-Market Interest Assumable Financing

  • Desirable North Orange County Location

  • Strong In-Place Cash Flow

  • Recent Roof Replacement on Majority of Buildings

  • Rental Lift to Market

  • One of the Most Constant and Stable Rental Markets in Orange County

Listing Contacts

JH
CA 02208290
PH
CA 00856966
Northmarq
MH
CA #10996149, CA
NorthMarq - Newport Beach
Listed by Northmarq, NorthMarq - Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,006,996.00
$83,916.33/mo

Valuation Metrics

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DSCR
4.58%
Cap Rate
4.58%
ROI

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Additional Information

Name
Jordan Hauser
License
02208290
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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