$5,500,000 738 W La Jolla Street Placentia, CA

MLS: OC18089158   Type: Pending   County: Orange   City: Placentia   Neighborhood: Other   Zip: 92870     Stories: 3

Mortgage $25,822 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

19,332

0.49

2018

CLASS A BUILDING! We are pleased to present a 10 Unit Brand New multifamily property located in the City of Placentia. Situated on almost half an acre lot, the property consists of eight four-bedroom tri-level townhouse style units with two bath each, and two owner style four bedroom tri-level townhouse style units with two and a half bath units. Built in 2018, the ten townhome units offer private garage parking with direct access, ample storage, new appliances, central A/C and Heat, and modern Kitchen and Bathrooms. The units are equipped with brand new interior finishes which include granite counter tops, wooden cabinets, and beautiful flooring throughout. Each unit has their own Garage, Patio, & Balcony. All units are multi-level and separately metered for gas, electric, and water as well. Each unit has their own Washer and Dryer and extra storage closets. The Seller is finishing construction and will have certificates of occupancy by end of May, but is selling now. COE to take place after CO is received. A Buyer has the opportunity to fill up themselves with their own tenants. The Best Rent Comp is for the same style building, just built in 2017 only 50 yards away. They are getting $2,900, so if this building gets the same, you are at 4.5+% CAP Rate for New Construction in Orange County. In addition, the Price/SF is Under $300/SF for New Construction! We have digital building plans, and appraisal at $5mil from 2016 (2 years old), another reason why $5.5mil.

Elementary School

Middle School

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Price History

4/23/2018 Listed $5,500,000

Association Y/N 0
Attached Structure Attached
Community Features Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting
Directions 57 North - Right on W Orangethorpe Ave - Right on Tafolla St - Right on W La Jolla St.
HOA Fee 0.00
Levels Three Or More
Listagentstatelicense 01316702
Listing Agent Mark Bridge - BRE#01316702
MLS Area 84 - Placentia
Number of Units Leased 0
Price Per Square Foot 284.50
Property Attached Y/N 1
Senior Community Y/N 0
Special Listing Conditions Standard
Subdivision Other (OTHR)
Subdivisionnameother La Jolla Street Apartments
Total Units 10

Interior Features

Air Conditioning Y/N 1
Appliances Dishwasher, Garbage Disposal, Gas Oven, Gas Range, Gas Stove, Gas Water Heater, Range/Stove Hood, Refrigerator
Appliances Y/N 1
Average1bedareaunits Square Feet
Average2bedarea 1933
Average2bedareaunits Square Feet
Average3bedareaunits Square Feet
Averagestudioareaunits Square Feet
Common Walls 1 Common Wall, No One Above, No One Below
Cooling Central
Heating Central Furnace
Heating Y/N 1
Interior Features Balcony, Granite Counters, Pantry, Storage Space
Laundry Features Dryer Included, Inside, Washer Included
Laundry Y/N 1
Numberwithdishwasher 10
Numberwithdisposal 10
Numberwithrange 10
Numberwithrefrigerator 10
Room Type Walk-In Closet
Total Stories 3

Exterior Features

Building Area Total 19332.00
Garage Spaces 10.00
Land Lease Y/N 0
Lot Features 6-10 Units/Acre
Lot Size Source Assessor
Lot Size Square Feet 21344.40
Lotsizeunits Acres
Number of Buildings 2
Number of Separate Electric Meters 11
Number of Separate Gas Meters 10
Number of Separate Water Meters 10
Numberwithpatio 10
Parking Features Direct Garage Access, Garage
Parking Y/N 1
Pool Features None
Private Pool Y/N 0
Road Surface Type Paved
Total Parking 10.00
Water Source Public

Property Schools



Direct Link:

http://liz.kurtrealestate.com/property/25-OC18089158-738-W-La-Jolla-Street-Placentia-CA-92870

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Property vs Zip Code Avg (92870)

Price 5.50M Avg 742K

Sqr Feet 19,332 Avg 2,418

Cost / Sqr Ft $285 Avg $307

Acres 0.49 Avg 0.12

Visits 70 Avg 199

Days on Site 88 Avg 58

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Listing Provided Courtesy Of: Mark Bridge with Marcus & Millichap RE Invest.




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Location & Address

Liz Peters
2973 Harbor Blvd. #532
Costa Mesa, CA
949-683-5374


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