The Bungalows on Monte Vista | 203-247 S Monte Vista St
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The Bungalows on Monte Vista 203-247 S Monte Vista St
18 Unit Apartment Building $7,200,000 ($400,000/Unit) 4.48% Cap Rate La Habra, CA 90631
Investment Highlights
- All Single-Story Detached Cottages
- Recent Capital Improvements Including All Sub Panels Replaced Within the Past Two Years, New Roofs in Select Units
- Desirable La Habra Location - Near the Major Thoroughfare of La Habra Blvd. & Beach Blvd.
- Currently, the Largest Multifamily Property On Market in La Habra
- Community Features Include On-Site Laundry Facility & Ample Parking
Executive Summary
The Bungalows on Monte Vista is situated on two parcels of land, on a quiet residential street on over an acre of land. The property is comprised entirely of two-bedroom detached single-story cottages. Ownership has made recent capital improvements including all sub panels replaced (within the past two years), select units have new roofs, and approximately $100,000 spent on hardscaping/landscaping.
Property Facts
| Price | $7,200,000 | Apartment Style | Garden |
| Price Per Unit | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.33 AC |
| Cap Rate | 4.48% | Building Size | 14,400 SF |
| Gross Rent Multiplier | 14.19 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 3.19/1,000 SF |
| Price | $7,200,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Gross Rent Multiplier | 14.19 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.33 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 3.19/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | $2,363 | 750 |
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The Bungalows on Monte Vista | 203-247 S Monte Vista St
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