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349 Camarillo St 3 Unit Apartment Building $1,395,000 ($465,000/Unit) 3.84% Cap Rate Placentia, CA 92870
Investment Highlights
- Excellent Placentia Rental Pocket
- (2) 2-Car Garages & (1) Single-Car Garage
- Community Laundry Room
- Outstanding Unit Mix: (2) 2-Bed / 1.5-Bath & (1) 3-Bed / 2.5-Bath
- Central Air & Heating
- Separately Metered for Gas & Electricity
Executive Summary
Three-unit townhome-style investment in a quiet, well-established Placentia neighborhood. Built in 1977, the property consists of 3,478 SF situated on an 8,276 SF lot. The unit mix includes two spacious 2-bedroom/1.5-bathroom units and one 3-bedroom/2.5-bathroom unit, all featuring two-story layouts with central air and heat. Community laundry and ample parking are provided via two double garages and one single-car garage. The property offers a stucco exterior, tile roof, and low-maintenance grounds. Located within the highly regarded Placentia-Yorba Linda Unified School District, the property is within walking distance of schools and just minutes from Cal State Fullerton and the 57 Freeway. HOA dues include trash service and landscaping. Tenants pay their own electricity and gas, while ownership is responsible for water, hot water heating, and HOA expenses.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$101,508
|
$29.19
|
| Other Income |
$3,996
|
$1.15
|
| Vacancy Loss |
$4,060
|
$1.17
|
| Effective Gross Income |
$101,444
|
$29.17
|
| Taxes |
$16,552
|
$4.76
|
| Operating Expenses |
$31,313
|
$9.00
|
| Total Expenses |
$47,865
|
$13.76
|
| Net Operating Income |
$53,579
|
$15.41
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $101,508 |
| Annual Per SF | $29.19 |
| Other Income | |
|---|---|
| Annual | $3,996 |
| Annual Per SF | $1.15 |
| Vacancy Loss | |
|---|---|
| Annual | $4,060 |
| Annual Per SF | $1.17 |
| Effective Gross Income | |
|---|---|
| Annual | $101,444 |
| Annual Per SF | $29.17 |
| Taxes | |
|---|---|
| Annual | $16,552 |
| Annual Per SF | $4.76 |
| Operating Expenses | |
|---|---|
| Annual | $31,313 |
| Annual Per SF | $9.00 |
| Total Expenses | |
|---|---|
| Annual | $47,865 |
| Annual Per SF | $13.76 |
| Net Operating Income | |
|---|---|
| Annual | $53,579 |
| Annual Per SF | $15.41 |
Property Facts
| Price | $1,395,000 | Building Class | C |
| Price Per Unit | $465,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,478 SF |
| Cap Rate | 3.84% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.74 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1977 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,395,000 |
| Price Per Unit | $465,000 |
| Sale Type | Investment |
| Cap Rate | 3.84% |
| Gross Rent Multiplier | 13.74 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,478 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.44/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | - | - |
| 2+1.5 | 2 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Property Taxes
| Parcel Number | 339-422-19 | Total Assessment | $1,137,827 (2025) |
| Land Assessment | $918,207 (2025) | Annual Taxes | $16,552 ($4.76/SF) |
| Improvements Assessment | $219,620 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
339-422-19
Land Assessment
$918,207 (2025)
Improvements Assessment
$219,620 (2025)
Total Assessment
$1,137,827 (2025)
Annual Taxes
$16,552 ($4.76/SF)
Tax Year
2026
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349 Camarillo St