Placentia, CA 92870,738 W La Jolla ST

$6,380,000

Est.Price: ?

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Est. payment /mo

0.43 Acres Lot


SOLD DATE : 03/16/2022

Key Details

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Subdivision ,Other

MLS Listing ID AR21264144

Sold Date 03/16/22

HOA Y/N No

Year Built 2018

Lot Size 0.430 Acres

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 SELLERS AND LISTING AGENT ARE NOT AWARE WHETHER IT'S UNDER RENT CONTROL OR NOT, BUYERS TO VERIFY WITH CITY TO SATISFY! * Don't miss this great investment opportunity!

Location

State CA

County Orange

Area 84 - Placentia

Interior

Cooling Central Air

Fireplace No

Appliance Dryer, Washer

Laundry Inside

Exterior

Garage Spaces 12.0

Garage Description 12.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 16

Private Pool No

Building

Lot Description 6-10 Units/Acre

Sewer Unknown

Water Other

New Construction No

Others

Senior Community No

Tax ID 34401112

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Gina Ma IRN Realty
Bought with John Tu AmeriPac Financial Svcs, Inc
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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