700 Maple St
La Habra, CA 90631
Maple Street Apartments · Multifamily Property For Sale
·
11 Units
Property Facts
| No. Units | 11 | Building Size | 7,874 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 | 1.52/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | R4, La Habra | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,874 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | R4, La Habra |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
About 700 MAPLE ST , LA HABRA, CA 90631
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Maple Street Apartments, an 11-unit multifamily investment property located in La Habra, one of the premier rental markets in Southern California. With vacancy at 4.0 percent (2Q 2018) and year-over-year rent growth of 5.6 percent (2016) and 3.1 percent (2017), the La Habra submarket is well-positioned for continued growth. In addition, a vast majority of households are priced out of single family home ownership in La Habra as the average monthly mortgage payment on median priced single family homes exceeds average rent in the area by $1,546. Built in 1961, Maple Street Apartments offers investors a rare opportunity to acquire 11 units in the highly desirable city of La Habra. Situated on a 0.33-acre lot, the 7,874 square foot property consists of six, one-bedroom units, four, two-bedroom units and one, three-bedroom unit. A new owner will have the opportunity to capitalize on strong market trends by increasing in-place rents to market rental rates. Given the strong demographics and unique appeal of the subject property, Maple Street 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 | $1,245 | 610 |
| 2+1 | 4 | $1,323 | 800 |
| 3+2 | 1 | $1,900 | 1,014 |
Property Taxes
| Parcel Number | 022-392-33 | Improvements Assessment | $269,034 |
| Land Assessment | $2,847,856 | Total Assessment | $3,116,890 |
Property Taxes
