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North Pointe Villas 1001 N Harbor Blvd 61 Unit Apartment Building $29,966,428 CAD ($491,253 CAD/Unit) 4.58% Cap Rate La Habra, CA 90631
Investment Highlights
- • Desirable North Orange County Location
- • Recent Roof Replacement on Majority of Buildings
- • One of the Most Constant and Stable Rental Markets in Orange County
- • Below-Market Interest Assumable Financing
- • Potential Ability to Install In-Unit Washers & Dryers
- • Rental Lift to Market
Executive Summary
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. North Pointe 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. Additionally, the Property presents a potential value add opportunity to install in-unit washers and dryers, a highly sought-after amenity among today’s renters. By equipping units with this upgrade, ownership can capture an estimated $150 per unit in additional monthly rental income, meaningfully enhancing the property’s net operating income and overall valuation.
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. North Pointe 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. Additionally, the Property presents a potential value add opportunity to install in-unit washers and dryers, a highly sought-after amenity among today’s renters. By equipping units with this upgrade, ownership can capture an estimated $150 per unit in additional monthly rental income, meaningfully enhancing the property’s net operating income and overall valuation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $29,966,428 CAD | Apartment Style | Garden |
| Price Per Unit | $491,253 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.60 AC |
| Cap Rate | 4.58% | Building Size | 54,664 SF |
| No. Units | 61 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Zoning | R-3 - Residential | ||
| Price | $29,966,428 CAD |
| Price Per Unit | $491,253 CAD |
| Sale Type | Investment |
| Cap Rate | 4.58% |
| No. Units | 61 |
| 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 - Residential |
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 | 34 | - | 980 - 1,060 |
| 3+1.5 | 1 | - | 1,094 |
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 017-371-26 | Improvements Assessment | $4,161,099 CAD |
| Land Assessment | $10,534,436 CAD | Total Assessment | $14,695,535 CAD |
Property Taxes
Parcel Number
017-371-26
Land Assessment
$10,534,436 CAD
Improvements Assessment
$4,161,099 CAD
Total Assessment
$14,695,535 CAD
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North Pointe Villas | 1001 N Harbor Blvd
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