Bought with John Tu • AmeriPac Financial Svcs, Inc
$6,200,000
$6,380,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
738 W La Jolla Street Placentia, CA 92870
13,758 SqFt
Key Details
Sold Price $6,200,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 13,758 sqft
Price per Sqft $450
MLS Listing ID CRAR21264144
Year Built 2018
Lot Size 0.430 Acres
Property Sub-Type Other
Property Description
*Highly Honored to Present Rarely Found Newly Built in 2018 * Big Potential - Possibility to convert from 10 Units to 10 Condominiums - Buyers verify with City! * Right now the Cap rate is around 4.4. Current market rent is much higher, after increasing, the Cap Rate might be around 5.3 * Tri- Level Townhouse Style 10 Unit New multifamily, All 10 Units Separately Metered for Gas, Electric, and Water! * CLASS A BUILDING! * Location, Location, Location! * Very Easy to Rent Out Due to Location * Located Near the Border of Anaheim, Yorba Linda, Fullerton, near CSU Fullerton, Schools, Transportation, and the 91 and 57 Freeways! * Great Tenants with Great Rent, & still has Much More Potential! * Situated on Almost Half an Acre Lot * The Property Consists of 2 Owner Style Units of 4 Bed/ 2.5 Bath with 3 Car Garage each Unit, and 8 Units of 4 Bed / 2 Bath each, the pics showing newly remodeled is for one unit * The 10 Townhome Units Offer Ample Storage, New Appliances, Central A/C and Heat, and Modern Kitchen and Bathrooms * The units are Equipped with Newer Interior Finishes which Include Granite Counter Tops, Wooden Cabinets, and Beautiful Flooring Throughout * Each unit has Their Own Private Garage, Balcony * All units are Multi-Level * * Pics were taken in 2018 / 2019 year * BOTH SEL
Location
State CA
County Orange
Interior
Cooling Central Air
Laundry Dryer, Washer, Inside
Read Less
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