216 W Santa Fe Ave
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216 W Santa Fe Ave
7 Unit Apartment Building $1,995,000 ($285,000/Unit) 5.30% Cap Rate Placentia, CA 92870
Investment Highlights
- Mixed Use Residential & Commercial
- Center of Old Town Placentia downtown in the heart of massive gentrification project including Old Town Streetscape, Metro Hub, entertainment district
- Opportunity Zone.
- Commercial Business included in the sale.
- Add value. Increase rents or build 2 more stories add housing.
Executive Summary
Mixed Use Building in the heart of Old Town Placentia downtown. Add Value & Opportunity Zone. Mass area gentrification. Live, Work, Play! 6 residential & 1 commercial unit. Commercial Business included in sale. Additional income from business ownership. Laundromat: $66,770/mo. & 6 Residential Units: $86,940/mo. Total Income: $153,710. A unique opportunity to get in front of & be a part of a massive revitalization project which will completely transform this area to a one-of-a kind destination. Help shape the area w/ your own vision. Property is located directly in "ground zero" of the City of Placentia's multi faceted revitalization. New approved Metrolink Station & new parking structure directly in the rear of the subject property. New Packing House District Plan & the New Old Town Placentia Revitalization Plan & Streetscape approved & in place. Once in a lifetime opportunity. City of Placentia description video https://youtu.be/QaZnOg3YeJA
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
1 of 1
PROPERTY TAXES
| Parcel Number | 339-393-06 | Improvements Assessment | $568,912 (2024) |
| Land Assessment | $597,361 (2024) | Total Assessment | $1,166,273 (2024) |
PROPERTY TAXES
Parcel Number
339-393-06
Land Assessment
$597,361 (2024)
Improvements Assessment
$568,912 (2024)
Total Assessment
$1,166,273 (2024)
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216 W Santa Fe Ave
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