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275-299 Monte Vista St 11 Unit Apartment Building $5,617,000 CAD ($510,636 CAD/Unit) 5% Cap Rate La Habra, CA 90631
Investment Highlights
- Three-building, 11-unit apartment complex offered as a single portfolio across three parcels.
- Enclosed garage parking plus additional on-site spaces for tenant convenience.
- Fully occupied with long-term tenants generating approximately $237,000 in annual income.
- Strong unit mix featuring two-bedroom and three-bedroom floor plans with in-unit laundry.
- Individually metered units and recent capital improvements for operational efficiency.
Executive Summary
This 11-unit multifamily investment offers a rare opportunity to acquire a well-maintained asset with strong income performance. The property consists of three separate buildings on individual parcels, all accessed through a single entry point, creating a cohesive community feel. Two buildings feature three 2-bedroom, 1-bath units each, while the third building offers five spacious 3-bedroom, 2-bath units. Every unit includes in-unit laundry hookups, enclosed garage parking, and additional on-site parking, enhancing tenant convenience and retention.
All units are individually metered and in excellent condition, supported by recent capital improvements that reduce near-term maintenance costs. The property is fully occupied with long-term tenants, providing immediate and stable cash flow. Current analyzed rental income is approximately $237,000 annually, with detailed operating expenses available for review. This is an ideal opportunity for investors seeking a turnkey asset with proven performance and upside potential in a desirable location.
All units are individually metered and in excellent condition, supported by recent capital improvements that reduce near-term maintenance costs. The property is fully occupied with long-term tenants, providing immediate and stable cash flow. Current analyzed rental income is approximately $237,000 annually, with detailed operating expenses available for review. This is an ideal opportunity for investors seeking a turnkey asset with proven performance and upside potential in a desirable location.
Property Facts
| Price | $5,617,000 CAD | Building Class | C |
| Price Per Unit | $510,636 CAD | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 12,640 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1994 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SFR - Single-Family Residential | ||
| Price | $5,617,000 CAD |
| Price Per Unit | $510,636 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 12,640 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1994 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | SFR - Single-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $930,848 CAD | |
| Land Assessment | $113,165 CAD | Total Assessment | $1,044,013 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$113,165 CAD
Improvements Assessment
$930,848 CAD
Total Assessment
$1,044,013 CAD
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275-299 Monte Vista St
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