Address
14871 Van Buren St. Street Midway City, CA
Price
$ 1,850,000
Property Attributes
- MLS#NP21069473
- TypeIncome
- CountyORANGE
- CityMidway City
- AreaN of Blsa - S of GGrv - E of Bch - W of Brookhrs
- NeighborhoodOther
- Zip92655
- Style
- Price$ 1,850,000
- Bedrooms5
- Full Bathrooms5
- Half Bathrooms0
- Lot Size7,841 SqFt
Listing Provided Courtesy Of:
Barry Mycorn with R.l.M. Equities, Inc..
Data Source:
CRMLS
Property Description
The Van Buren Apartments is a 4+1 Unit apartment complex built in 1988 in the heart of Midway City. This unique opportunity affords a prospective buyer the ability to obtain a 2-4 unit residential loan, and enjoy the benefits of a 5th non-conforming unit. The subject lot has 9 total parking spaced including 4 garages. The Asset's interiors and exterior have been extensively renovated over the past year. All 5 units have been turned within the last 2 years, including a newly rehabilitated 2 bedroom 2.5 bath town-home style unit. Other rehabilitation areas include: exterior paint, landscaping, garage/storage doors, carport, and a brand new roof. All aspects of the building are in excellent condition, this is a turnkey asset. The Van Buren Apartments offer an astute investor the opportunity to purchase an income producing property with strong rents in a unique growing market. The property has only sold once since its development. The complex is located in a quiet residential neighborhood just off of Bolsa and Beach Blvd. The area has a handful of brand new developments, including a block-long affirmed housing complex built in 2020. With attractive Interest Only financing, a new investor can achieve a 6%+ cash on cash return at full list price.
| Price History | |
|---|---|
| 4/3/2021 | Listed $1,850,000 |
General Features
| Accessibility | Parking |
|---|---|
| Appliances | Gas Water Heater |
| Carport Spaces | 5 |
| Carport Y/N | Yes |
| Community Features | Suburban |
| Cooling | Wall/Window Unit(s) |
| Flooring | Carpet, Tile, Vinyl |
| Garage Spaces | 4 |
| Garage Y/N | Yes |
| Heating | Central |
| Interior Features | Ceiling Fan(s) |
| Levels | One |
| MLS Area | 65 - N of Blsa, S of GGrv, E of Bch, W of Brookhrs |
| Parking Features | Carport, Garage |
| Pool Features | None |
| Property Type | Residential Income |
| Sewer | Unknown |
| Subdivision Name | Other (OTHR) |
| Terms | Cash, Cash to New Loan, 1031 Exchange |
| Total Units | 5 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Common Walls | No Common Walls |
| Heating Y/N | Yes |
| Laundry Features | Common Area |
Exterior Features
| Fencing | Wood |
|---|---|
| Lot Features | 0-1 Unit/Acre |
| Lot Size Acres | 0.18 |
| Lot Size Area | 7841 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 7841 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 5 |
| Number of Separate Gas Meters | 5 |
| Number of Separate Water Meters | 5 |
| Total Parking | 9 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 92655
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 14, 2021 8:51 PM UTC 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.
