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$3,200,000 Sale
Listed 19 hours ago
130 N Valley Home Avenue
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· 19
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Key Facts
Key facts for 130 N Valley Home Avenue
Property Type
Apartment
Parking
1 garage, 19 parking
MLS #
OC26240328
Size
-
Basement
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Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1959
Maintenance Fee
$ 0/mo
Description
130 North Valley Home Avenue is a 12-unit multifamily investment property located in La Habra, California. Built in 1959, the property contains approximately 6,932 net rentable square feet on a 0.35-acre parcel and features a unit mix of 8 one-bed/one-bath and 4 two-bed/one-bath residences. Eight of... the 12 units have been renovated, while the 4 remaining unrenovated units currently reflect the property’s lowest rents, providing a clear opportunity for a new owner to continue the renovation program and capture additional rental upside. In addition, 10 units are expected to be eligible for rent increases beginning January 1, 2027, subject to applicable rent regulations and notice requirements, providing further near-term income growth potential. Current ownership has also completed a number of significant capital improvements, including a roof replacement in 2015, new electrical subpanels and PEX plumbing in 2021, as well as new dual-pane windows, exterior stucco and paint, and recoated walkways. These improvements, combined with the property’s well-maintained condition, reduce the scope of near-term capital needs while providing a strong physical foundation for continued ownership. The buildings are arranged around a landscaped central courtyard and feature on-site laundry and ample parking. The property provides 19 parking spaces, consisting of 12 carport spaces, 6 surface spaces and 1 garage space, equating to more than 1.5 spaces per unit. The combination of completed capital improvements, renovated units, remaining rental upside and substantial parking positions 130 North Valley Home Avenue as a compelling multifamily investment in the La Habra market., Directions:Cross Streets of North Valley Home Avenue & West La Habra Boulevard
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Listing courtesy of: Marcus & Millichap RE Invest