$4,316,000
For Sale

311 N Idaho Street

La Habra, CA 90631
0.54 acres | #OC24237674
Listing OfficeKirklen Investment Group
Browse 13 photos
Type:Multi-Family
Structure:House
Zone:Residential

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 Boulevard
and Imperial Highway , making for a easy commute to the greater Orange County and Los Angeles County metros.
Given the scope of the renovations, the current rents being achieved, and the ancillary income produced, this is an amazing turnkey,
stabilized multifamily asset in a strong performing market.

  • Property Details
      • InteriorCeilingFans, QuartzCounters, RecessedLighting
      • Lot DescriptionTwentyOneToTwentyFiveUnitsAcre
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • Original List Price$4,316,000
      • MLS #OC24237674
      • MLS #OC24237674
      • Property SubtypeApartment
      • Cost4316000
      • Acres0.5446
      • Utility SourcePublic
      • CountyOrange
      • Year Built1955
      • Stories1

Location

Gary HansenReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00