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203 S Monte Vista Street, La Habra, CA 90631

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203 S Monte Vista Street
La Habra, CA 90631

Unavailable: $5,500,000

Property Type: Commercial Apartments
MLS#: OC17188525

  • Building Size: 14400 SF
  • Lot Size: 57593 SF
  • Number of Units: 18
  • Number of Stories: 1
  • Year Built: 1964
  • Days on market: 307
  • Cap Rate: 3.10
  • Net Operating Income: $170,490
  • Gross Scheduled Income: $306,104
  • Rent Control: No
  • GRM: 17.44
  • Contact Listing Agent Direct:
  • WMichael Cavner, William Michael Cavner, Broker

Property Description

The Cottages on Monte Vista is is an 18-unit multi-family investment in the City of La Habra. It is comprised entirely of nicely configured two-bedroom/one-bathroom cottages situated on two contiguous parcels. Most, or all, of the apartments feature gas wall heating, wall air conditioning, a spacious remodeled kitchen with stone counters, bedrooms with ceiling fans & lighting, mirrored wardrobes, individual hot water heater, a private enclosed garage with remote opening, and at least one additional open parking space. 17 of the 18 units have been remodeled to high specifications within the last few years. The property has been owned and operated by the same family and professional management company for many years with great care and consistent attention to the ongoing maintenance needs of the property and its residents. Salient Features: Irreplaceable, Single Story, Low Density Construction Newer Vinyl Windows & Sliders, Recently Remodeled Kitchens, Bathrooms, and Flooring Significant and Realistic Upside though Primarily Exterior Property Renovations Combined 1.3 Acre Lot Offers Potential for Future Development Located in North Orange County in a High-demand Rental Market

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203 S Monte Vista Street, La Habra, CA 90631

Based on information from California Regional Multiple Listing Service, Inc. as of September 18, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: WMichael Cavner, William Michael Cavner, Broker

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