911 N Walnut Street, La Habra, CA 90631
911 N Walnut Street, La Habra, CA 90631
911 N Walnut Street, La Habra, CA 90631
911 N Walnut Street, La Habra, CA 90631
911 N Walnut Street, La Habra, CA 90631
911 N Walnut Street, La Habra, CA 90631
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Peter Lorimer

Peter Lorimer

+1(310) 666-7383
$ 7,500,000
Est. payment | /mo

0.79 Acres Lot

Save
$ 7,500,000
Est. payment | /mo
Save

0.79 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26219075

HOA Y/N No

Year Built 1962

Lot Size 0.788 Acres

Property Sub-Type Apartment

Property Description

We are proud to present the Walnut Apartments; a pride of ownership 22 unit apartment community located in a prime La Habra, Orange County location. The subject property possess an excellent and diverse unit mix of: 7 (3+1.75), 10 (2+1), and 5 (1+1). Additionally, all of the units are separately metered for gas and electric, plus are RUBS are in place with the tenants offsetting landlord utility bills and improving cash flow. There is is also a common laundry room providing the landlord with additional income. The subject property electrical system has been upgraded with newer exterior electrical panels and interior sub panels for all units - a key upgrade required for securing property insurance. Some of the units have been renovated with a combination of new kitchens with new cabinetry, counter tops and fixtures and new bathrooms. Some units have private patios which is a highly coveted tenant amenity along with a sparking pool. Please see attached supplements for marketing brochure containing additional information: rent roll, operating expenses and photos. The Walnut Apartments are being offered at an in place 5.36% CAP rate and 11.3 GRM, with upside to a 6.4 CAP rate and 10.08 GRM on proforma rents, ensuring immediate, and future, returns for a savvy multifamily investor.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Carport

Carport Spaces 22

Pool Private

Community Features Curbs, Gutter(s), Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Courtyard, Pool

Total Parking Spaces 44

Private Pool Yes

Building

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 30002220

Security Features Key Card Entry,Resident Manager,Smoke Detector(s)

Acceptable Financing Contract

Listing Terms Contract

Special Listing Condition Trust

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Ed Diaz Vanguard Property Group 714-401-2855, DRE #01022469
Nearby Locations
Peter Lorimer

Making real estate fast, fun, and stress-free!

+1(310) 666-7383

peter@plgestatesinc.com

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911 N Walnut Street