133 S MELROSE ST PLACENTIA, CA 92870

Features

• Price/sqft: $434
• Lot Size: 22561 sq. ft.
• Total Units: 12
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Stories: 200

Facts

• Year Built: 01/01/1921
• Property ID: 878312474
• MLS Number: OC24042733
• Parcel Number: 339-353-11
• Property Type: Multi-family (5 or more units)
• County: ORANGE
• Legal Description: A TR BRADFORDS RESUB BLK A LOT 26 BRADFORDS RESUB BLK A LOT 26 AND E 1/2 OF LOT 28
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. www.teambridgegroup.comnnAssumable 4.04% Fixed Rate Loan Until 9/1/27 (3yrs), Interest Only Until 9/1/25 (1yr), Current Loan Amount $2,350,000, Phenomenal Loan Today. nnThe Bridge Multifamily Team at Cushman & Wakefield is pleased to present 133 S Melrose St, located in Placentia, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense tenant and curb appeal next to Cal State University Fullerton. nnEach 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. nnThe 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 Sams 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.