Thank you
Mark Bridge
Mark Bridge, Broker
949-474-4004
This 11 unit, 5%+ Current CAP, well-located, recently renovated property with immense tenant and curb appeal next to Cal State University Fullerton. Each of the 11-Units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, new paint, and some of the units were taken down to the studs. The exterior also had a recent significant renovation completed, including new roofs, new stucco, a new pavilion and BBQ area, new courtyard concrete, new landscaping, newly paved parking lot, some new fencing and paint, new tenant garden boxes, new washers and dryers, and new wall air conditioning. The property offers an excellent unit mix and range of floorplans with no tuck under parking. The listing agent has an ownership interest in the property. These 11 units are conveniently located three minutes from the 57 and five minutes from the 91 freeways, allowing tenants easy access to the greater California region and beyond. There are several retail centers next to the property, including Sam’s Club, Home Depot, Smart & Final Extra, and Concentra Urgent Care. There are great schools within a couple miles of the property, including Kraemer Middle school, Valencia Highschool, Hope International University, Call State Fullerton, Saint Joseph Catholic school, Ruby Drive Elementary School, and Troy Highschool.
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Water Source : Public
Sewer : Public Sewer
Roof : Composition,Shingle
Exterior Property Features : Lighting
Interior Features: Ceiling Fan(s),Quartz Counters
Property Appliances: Dishwasher,Disposal,Gas Oven,Gas Range,Gas Water Heater,Water Heater
Fireplace: None
Flooring: Vinyl
Wall/Window Unit(s)
Air Conditioning
Natural Gas
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1921
Building Area Total: 9,200
Construction: Stucco
Roof: Composition,Shingle
Lighting
None
Washer Hookup,Gas Dryer Hookup
Wrought Iron
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.52
Lot Size Source: Assessor
Lot Size Square Feet: 22651.2
Original List Price: 3,999,000
Listing Contract Date: 2024-04-26
Listing Agreement: Exclusive Right To Sell
Parcel Number: 33935311
Garage Description: Assigned
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: 84 - Placentia
Postal Code Plus 4: 5964
Directions: CA 57 N, exit at Chapman Ave, then right onto S Melrose St
Source Property Type: Residential Income
Area: 84 - Placentia
Property SubType: Mixed Use
Property Age: 103
Common Walls: 1 Common Wall
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
704 Grovelake Drive, Placentia, CA,92870 | $188,000 | 2 | 2 | 1,440 | 767677 Sqft |
122 S Main Street, Placentia, CA,92870 | $855,000 | 2 | 1 | 912 | 6500 Sqft |
1595 E. Hermosa Lane #6, Placentia, CA,92870 | $809,491 | 3 | 2 | 1,368 | -- |
216 W Santa Fe Avenue, Placentia, CA,92870 | $2,248,000 | 6 | -- | 3,750 | 2614 Sqft |
884 W La Jolla Street, Placentia, CA,92870 | $810,000 | 3 | 2 | 1,144 | 5520 Sqft |
1578 Topeka #3, Placentia, CA,92870 | $559,900 | 1 | 1 | 775 | -- |
144 Orange Grove Avenue, Placentia, CA,92870 | $1,100,000 | 4 | 1 | 2,400 | 6750 Sqft |
1557 Lima Way Unit 2, Placentia, CA,92870 | $615,472 | 1 | 1 | 815 | -- |
1562 Topeka Ave #8, Placentia, CA,92870 | $828,000 | 3 | 2 | 1,340 | -- |
2213 Montague Circle, Placentia, CA,92870 | $1,235,000 | 4 | 1 | 1,951 | 7000 Sqft |
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ByOwner last updated this listing 05/22/2024 @ 15:22
MLS: OC24042733
LISTED BY: Mark Bridge, Mark Bridge, Broker
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.