Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1969
Sq.Footage
N/A
DRIVE BY ONLY - The Melrose Manor Apartment Units is a 44 unit turn-key apartment community excellently located in the city of Buena Park. Built in 1969, the subject property consists of one, three-story building situated on a 1.21 acre lot. Currently 100% occupied, the subject property boasts a unit mix of 37 oversized one-bedroom/one bath units, 3 two-bedroom/one-and-three-quarter bath units, and 4 two-bedroom/one bath units with approximately 11% upside in rental income at attainable market rents. Individually metered for electric and master-metered for gas, the units feature wall air-conditioning and heating, three spacious closets, breakfast nooks, and a balcony or patio. Common area amenities include electronic gated access, 51 lighted carports and 17 open parking spaces, a sparkling swimming pool, barbeque area, and an on-site laundry room.
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s), Elevator, Granite Counters, Laminate Counters
Area & Lot
-
Lot Size(acres)
1.2
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Other Exterior Features
Balcony
-
Parking
Assigned
Financial
-
Sales Price
$8,050,000
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Jonathan Mitchell , Marcus & Millichap RE Invest
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