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North Pointe Villas 1001 N Harbor Blvd 60 Unit Apartment Building $31,480,789 CAD ($524,680 CAD/Unit) 4.30% Cap Rate La Habra, CA 90631
Investment Highlights
- Below-Market Interest Assumable Financing
- Strong In-Place Cash Flow
- Rental Lift to Market
- Desirable North Orange County Location
- Recent Roof Replacement on Majority of Buildings
- One of the Most Constant and Stable Rental Markets in Orange County
Executive Summary
DRIVE BY ONLY, PLEASE DO NOT WALK THE PROPERTY WITHOUT APPROVAL. Assumable 2.73% financing, 6 years interest only.
North Pointe Villas is a well-maintained, garden style apartment community located at 1001 North Harbor Boulevard in the heart of La Habra, California. Originally built in 1969, the property features 60 spacious apartment homes spread across approximately 2.53 acres of landscaped grounds. With a total of 54,664 square feet, the community offers a thoughtfully balanced unit mix designed to meet a variety of lifestyle needs. The property includes (26) one-bedroom, one-bath units; (33) two-bedroom, one-and-a half bath units; and(1) three-bedroom, one-and-three-quarter bath unit.
This offering presents the rare opportunity to acquire a well maintained multifamily asset in one of Orange County’s most stable and resilient rental markets. North Pointe Villas benefits from immediate rental upside potential, with current in-place rents positioned below market levels—allowing for increased income through strategic rent adjustments. Additionally, the property offers the advantage of assumable below-market rate financing, providing strong in-place cash flow and attractive leverage, enhancing both near-term returns and long-term investment performance.
North Pointe Villas is a well-maintained, garden style apartment community located at 1001 North Harbor Boulevard in the heart of La Habra, California. Originally built in 1969, the property features 60 spacious apartment homes spread across approximately 2.53 acres of landscaped grounds. With a total of 54,664 square feet, the community offers a thoughtfully balanced unit mix designed to meet a variety of lifestyle needs. The property includes (26) one-bedroom, one-bath units; (33) two-bedroom, one-and-a half bath units; and(1) three-bedroom, one-and-three-quarter bath unit.
This offering presents the rare opportunity to acquire a well maintained multifamily asset in one of Orange County’s most stable and resilient rental markets. North Pointe Villas benefits from immediate rental upside potential, with current in-place rents positioned below market levels—allowing for increased income through strategic rent adjustments. Additionally, the property offers the advantage of assumable below-market rate financing, providing strong in-place cash flow and attractive leverage, enhancing both near-term returns and long-term investment performance.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $31,480,789 CAD | Apartment Style | Garden |
| Price Per Unit | $524,680 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.60 AC |
| Cap Rate | 4.30% | Building Size | 54,664 SF |
| No. Units | 60 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Zoning | R-3 | ||
| Price | $31,480,789 CAD |
| Price Per Unit | $524,680 CAD |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.60 AC |
| Building Size | 54,664 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Kitchen
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Spa
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | 700 |
| 2+1.5 | 33 | - | 980 - 1,060 |
| 3+1.5 | 1 | - | 1,094 |
Property Taxes
| Parcel Number | 017-371-26 | Improvements Assessment | $4,155,998 CAD |
| Land Assessment | $10,521,522 CAD | Total Assessment | $14,677,519 CAD |
Property Taxes
Parcel Number
017-371-26
Land Assessment
$10,521,522 CAD
Improvements Assessment
$4,155,998 CAD
Total Assessment
$14,677,519 CAD
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North Pointe Villas | 1001 N Harbor Blvd
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