6501 Western Avenue

    Buena Park, CA 90621
    • $4,250,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: PW18165914
    New On Site 6 Days Ago
    UPDATED: 20 min ago
    $4,250,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,515
      SQFT
    • $274
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    An excellent opportunity to acquire a 15-unit multifamily building in Buena Park. Located at 6501 Western Ave. this multifamily asset was built in 1965. It offers an ideal unit mix with five 1 bed, 1 bath units, three 2 bed, 1 bath units, three 2 bed, 1.75 bath units and four 2 bed, 1.5 bath townhome-style units. Well-manicured front lawn and foliage contribute to the exceptional curb-appeal of the property. Residents of the building enjoy use of off-street covered parking and laundry facilities. The building boasts a total of 15,515 square feet on a 17,415 square foot lot.For the right investor, this multi-family asset will represent a great opportunity to generate years of steady cash flow and a higher than average ROI. The close proximity to so many restaurants and well-known attractions will lead to increased appreciation as the urban neighborhood lacks additional space for more apartment building projects to be developed. Enrollment numbers continue to grow at the two nearby university campuses assuring a continued uptick in demand for student housing as well. With a few minor updates, a modest increase in rental income will be achievable.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.amazingtemeculahomes.com/homes/85474984

    6501 Western Avenue Buena Park, CA 90621

    • Price: $4,250,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: PW18165914
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    15,515
    SQFT
    $274
    $/SQFT
    1965
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    82 - Buena Park
    Property Description
    An excellent opportunity to acquire a 15-unit multifamily building in Buena Park. Located at 6501 Western Ave. this multifamily asset was built in 1965. It offers an ideal unit mix with five 1 bed, 1 bath units, three 2 bed, 1 bath units, three 2 bed, 1.75 bath units and four 2 bed, 1.5 bath townhome-style units. Well-manicured front lawn and foliage contribute to the exceptional curb-appeal of the property. Residents of the building enjoy use of off-street covered parking and laundry facilities. The building boasts a total of 15,515 square feet on a 17,415 square foot lot.For the right investor, this multi-family asset will represent a great opportunity to generate years of steady cash flow and a higher than average ROI. The close proximity to so many restaurants and well-known attractions will lead to increased appreciation as the urban neighborhood lacks additional space for more apartment building projects to be developed. Enrollment numbers continue to grow at the two nearby university campuses assuring a continued uptick in demand for student housing as well. With a few minor updates, a modest increase in rental income will be achievable.
    Exterior Features

    Garage Spaces 4.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 260436.00 Gross Operating Income 252622.00 Gross Scheduled Income 260436.00 Insurance Expense 3262.00 Land Lease YN No Laundry YN Yes Maintenance Expense 9750.00 Net Operating Income 146858.00 New Taxes Expense 53125.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 1 Number Of Units Leased 15 Operating Expense 105764.00 Other Expense 2400.00 Other Expense Description Dwp Professional Management Expense 10417.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other George Bellis Park Total Expenses 105764.00 Trash Expense 0.00 Vacancy Allowance 7813 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public

    Listing provided courtesy of Justin White of Justin White.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    Impact Real Estate
    28693 Old Town Front St #300-C
    Temecula CA, 92590