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$1,500,000 Sale
Listed 2 days ago
504 E 3rd
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Key Facts
Key facts for 504 E 3rd
Property Type
Apartment
Parking
0 garage, 0 parking
MLS #
PW26241111
Size
-
Basement
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Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
2027
Maintenance Fee
$ 0/mo
Description
2027 BRAND NEW FOURPLEX BUILD! Offered at $1,500,000 to be delivered turnkey upon completion, with projected delivery in June 2027. Located on an approximately 5,640-square-foot corner lot in Orange County at 504 E. 3rd Avenue in La Habra, this planned four-unit property offers 3,348 square feet of ...residential living space. The ready-to-issue (RTI) plans include a 1,248-square-foot main residence, an attached 500-square-foot ADU, an 800-square-foot ground-floor ADU, and an 800-square-foot SB 9 residence above, for a total of four units. Planned features include all-electric residences, solar systems, four separate electrical meters, and one shared water meter. Projected gross rental income ranges from $10,500 to $12,000 per month ($126,000–$144,000 annually), representing a projected gross rent multiplier (GRM) of 10.42–11.90 and a projected capitalization rate of 5.58%–6.67%, depending on achieved rents and projected operating expenses. The property currently contains an existing residence slated for demolition; the offering price reflects delivery of the completed four-unit project. Renderings depict proposed improvements. Completion schedule, finishes, and delivery terms to be established in the purchase agreement. Plans available for review., Directions:LA HABRA / EUCLID
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Listing courtesy of: Purunjian Inc.