Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
N/A
Legitimate turnkey multifamily investment property offering a range of one-, two-, and three-bedroom loft-style floor plans. Substantial investment was made in 2023 and 2024, with over $1.8M in interior and exterior capital improvements. 100% of the interiors are fully renovated, including all new appliances, cabinets/counters, new electrical panels, flooring, painting and drywall, and all new windows and doors. Common area improvements include the roofs, painting, termite & pest mitigation, and tenting of the entire structure, exterior wood, decking, all new stairs and railings, all new asphalt, hardscape/softscape, mailboxes, plumbing, house electrical panels, and garage doors. ABOVE ALL, the debt component sets this project apart from nearly all other investments within the marketplace. Available to assume is a private note with a 51% LTV and interest-only payments until 2032 starting at 3.5%, with a cap at 5.0%, resulting in a blended interest rate of 4.61% over the term. This equates to an initial cash-on-cash return of over 4.5% with a down payment of $5,800,000—no appraisal required, no points for the loan assumption, COE in 30 days or less.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.85
-
Property Type
Residential Income
Exterior
-
Garage
Yes
-
Garage spaces
13
Financial
-
Sales Price
$11,800,000
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Tyler Leeson , Marcus & Millichap RE Invest
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