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607 W La Jolla St 3 Unit Apartment Building $1,499,000 ($499,667/Unit) Placentia, CA 92870
Investment Highlights
- Rare, Large 27,060 SF Lot
- R2 Low-Medium Density Single Parcel
- Well-Located Near Major Freeways
- In-Place Income, ADU and New Development Opportunity
Executive Summary
Presenting a rare multifamily investment opportunity in the heart of Placentia, California. This well-maintained triplex sits on an expansive 27,060 square foot R2 Low/Medium Density lot, offering a unique combination of stable in-place income and exceptional longterm upside.
What truly sets this property apart is the land. Oversized multifamily parcels of this size are increasingly difficult to find, creating opportunities for future ADU development, redevelopment potential, or long-term appreciation. Buyers should verify all future development opportunities with the City of Placentia.
Whether you're looking to expand an existing portfolio or acquire a unique multifamily asset in a highly desirable North Orange County location, 607 W. La Jolla Street offers a compelling investment opportunity.
What truly sets this property apart is the land. Oversized multifamily parcels of this size are increasingly difficult to find, creating opportunities for future ADU development, redevelopment potential, or long-term appreciation. Buyers should verify all future development opportunities with the City of Placentia.
Whether you're looking to expand an existing portfolio or acquire a unique multifamily asset in a highly desirable North Orange County location, 607 W. La Jolla Street offers a compelling investment opportunity.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$85,200
|
$28.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,556
|
$0.85
|
| Effective Gross Income |
$82,644
|
$27.38
|
| Taxes |
$18,331
|
$6.07
|
| Operating Expenses |
$12,464
|
$4.13
|
| Total Expenses |
$30,795
|
$10.20
|
| Net Operating Income |
$51,849
|
$17.18
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $85,200 |
| Annual Per SF | $28.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,556 |
| Annual Per SF | $0.85 |
| Effective Gross Income | |
|---|---|
| Annual | $82,644 |
| Annual Per SF | $27.38 |
| Taxes | |
|---|---|
| Annual | $18,331 |
| Annual Per SF | $6.07 |
| Operating Expenses | |
|---|---|
| Annual | $12,464 |
| Annual Per SF | $4.13 |
| Total Expenses | |
|---|---|
| Annual | $30,795 |
| Annual Per SF | $10.20 |
| Net Operating Income | |
|---|---|
| Annual | $51,849 |
| Annual Per SF | $17.18 |
Property Facts
| Price | $1,499,000 | Lot Size | 1.00 AC |
| Price Per Unit | $499,667 | Building Size | 3,018 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R2 - Low/Medium Density | ||
| Price | $1,499,000 |
| Price Per Unit | $499,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 3,018 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2023 |
| Parking Ratio | 0.99/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - Low/Medium Density |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Dining Room
- Family Room
- Lawn
- Patio
- Porch
- Workshop
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | $3,400 | 1,296 |
| 2+1 | 2 | $1,850 | 876 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 344-142-14 | Total Assessment | $858,829 |
| Land Assessment | $739,011 | Annual Taxes | $18,331 ($6.07/SF) |
| Improvements Assessment | $119,818 | Tax Year | 2025 |
Property Taxes
Parcel Number
344-142-14
Land Assessment
$739,011
Improvements Assessment
$119,818
Total Assessment
$858,829
Annual Taxes
$18,331 ($6.07/SF)
Tax Year
2025
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607 W La Jolla St
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