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531 Ridgeway Ln
La Habra, CA 90631
The Ridge · Multifamily Property For Sale
·
18 Units
Property Facts
| No. Units | 18 | Building Size | 15,300 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 0.59 AC | ||
| Zoning | R3 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 15,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer
- Ceiling Fans
Site Amenities
- Playground
About 531 RIDGEWAY LN , LA HABRA, CA 90631
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Ridgeway Lane Apartments, an 18-unit multifamily investment property located in La Habra, one of the premier rental markets in Southern California. Built in 1961, Ridgway Lane Apartments offers investors a rare opportunity to acquire 18 units in the highly desirable city of La Habra. Situated on a 0.59-acre lot, the 15,300 square foot property consists of six, one-bedroom units, six, two-bedroom units and six, three-bedroom units. A new owner will have the opportunity to capitalize on strong market trends by increasing in-place rents to market rental rates. Ridgeway Lane Apartments’ strategic location in close proximity to the shops and retailers along West Whittier Boulevard as well as Gateway Plaza Shopping Center provides residents with convenient access to major grocers, dining, and entertainment options. The property is also situated near Beach Boulevard, Whittier Boulevard, and Imperial Highway which helps to attract a wide variety of renters looking for easy access to surrounding employment hubs. Given the fanstatic location and unique appeal of the subject property, Ridgeway Lane Apartments is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,383 | 700 |
| 2+1 | 6 | $1,575 | 850 |
| 3+2 | 6 | $1,738 | 1,000 |
Property Taxes
| Parcel Number | 018-041-46 | Improvements Assessment | $546,820 |
| Land Assessment | $4,948,751 | Total Assessment | $5,495,571 |
Property Taxes
