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- LoopNet Team
861 S Glencliff St
La Habra, CA 90631
Monterra Springs Apartment Homes · Multifamily Property For Sale
·
111 Units
INVESTMENT HIGHLIGHTS
- PLEASE CALL FOR PRICING
- Offers Well-Designed Floor Plans, Ranging from One-Bedroom Flats to Four-Bedroom Townhomes
- 67.5% of the Property's Units have Been Fully Renovated
- Represents the Only Active Listing of 100+ Units in Orange County
- Luxury Amenity Package with a Resort-Style Pool, Modern Sundeck, Lush Courtyards, On-Site Laundry, a Fitness Center, & Controlled Access
- Walking Distance to 3 Regional Shopping Centers, Providing Residents with Easy Access to a Variety of Restaurants, Retailers, & Entertainment Options
PROPERTY FACTS
| No. Units | 111 | Building Size | 93,310 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 5.00 AC |
| No. Units | 111 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 93,310 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.89/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Satellite TV
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Spa
- Grill
- Gas Range
- Laundry Service
- Media Center/Movie Theatre
ABOUT 861 S GLENCLIFF ST , LA HABRA, CA 90631
Approximately 67.5 percent of the property’s 111 units have been completely renovated, helping management to achieve substantial rental premiums. A new owner will have the opportunity to achieve further rental upside through the continuation of this comprehensive interior renovation program. As proven by the rental gains on the renovated units, modernizing the apartment interiors will elevate Monterra Springs Apartment Homes to a higher standard of rental living and yield investors a substantial monthly rental premium. Ideally positioned at the crossroads between Los Angeles County and Orange County, Monterra Springs Apartment Homes is poised to capture the benefits of a solid rental market and enjoy future growth. The asset is being offered free and clear of debt encumbrances, allowing an investor to take advantage of today’s historically low interest rates.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 42 | - | - |
| 2+1 | 48 | - | - |
| 2+2 | 20 | - | - |
| 4+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 018-471-04 | Improvements Assessment | $13,927,031 |
| Land Assessment | $21,006,605 | Total Assessment | $34,933,636 |
PROPERTY TAXES
