Orange, Residential Income – 706 W 1st Ave, La Habra, CA 90631, USA -001-11-30T00:00:00-08:00
The Heights Apartments is a well located and extremely clean 30 unit apartment building located in La Habra. Built in 1987 the property boasts a unit mix of 28 two bedroom two bath and 2 one bedroom one bath units. There are 60 parking spaces on the ground f
706 W 1st Ave, La Habra, CA 90631, USA
$8,200,000 USD
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Address706 West First Avenue, La Habra
Price$8,200,000
Price Changed2.38% (-$200,000, 47 days ago)
Year Built1987
Bedrooms Total0
Living Area24,264 ft2
Lot Size (Sq.Ft.)36,590
Listing IDOC17080206
StatusActive
Parcel Number29802263
Special ConditionsStandard
Days on Market71

Detailed Description: The Heights Apartments is a well located and extremely clean 30 unit apartment building located in La Habra. Built in 1987 the property boasts a unit mix of 28 two bedroom two bath and 2 one bedroom one bath units. There are 60 parking spaces on the ground floor and 6 open spaces. Each unit has its own water heater and the tenant pays their own gas and electricity. Recently renovations include new laminate flooring, granite counter tops in the kitchen, some new cabinetry in the kitchens, and landscaping.

Association
Parking
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address706 West First Avenue, La Habra
Street PrefixWest
Street SuffixAvenue
Subdivision NameOther (OTHR)
CityLa Habra
Location (MLS Area)87 – La Habra
County Or ParishOrange
State or ProvinceCA
Postal Code90631
CountryUS
Financial Information
Price Changed-2.381%
Previous Price$8,400,000
Price per Square Foot$337.95
Price per Lot Square Foot$224.10
Tenant PaysCable TV, Electricity, Gas
Special ConditionsStandard
Total Expenses$191,576
Professional Management Expense$36,600
Licenses Expense$2,500
Operating Expense$191,576
Insurance Expense$7,500
Electric Expense$2,000
Water Sewer Expense$17,000
Trash Expense$2,997
Maintenance Expense$26,143
Supplies Expense$1,865
Gross Operating Income$522,857
Gross Income$44,919
Gross Scheduled Income$539,028
Net Operating Income$331,281
Vacancy Allowance$16,171
Laundry Income$480
Other Income DescriptionLate Payment Fee
Other Income 1$54
Tax Year2000
Tax Lot298
New Taxes Expense$98,281
Full Descriptions
Parcel Number29802263
Detailed DescriptionThe Heights Apartments is a well located and extremely clean 30 unit apartment building located in La Habra. Built in 1987 the property boasts a unit mix of 28 two bedroom two bath and 2 one bedroom one bath units. There are 60 parking spaces on the ground floor and 6 open spaces. Each unit has its own water heater and the tenant pays their own gas and electricity. Recently renovations include new laminate flooring, granite counter tops in the kitchen, some new cabinetry in the kitchens, and landscaping.
Lot Features11-15 Units / Acre
Community FeaturesCurbs
Flooring DescriptionCarpet, Tile, Vinyl
Foundation DetailsPillar / Post / Pier
Water SourcePublic
Parking FeaturesUnassigned
Common Walls Description1
Pool FeaturesNone
Property parameters
Year Built1987
Living Area (Sq.Ft.)24,264 ft2
Lot Size (Sq.Ft.)36,590
Lot Size SourceAssessor
Number of Buildings2
Number of Units Leased30
Number of Units Total30
Stories Total3
Parking Spaces66
Uncovered Spaces6
LevelsThree Or More
Carport Spaces60
Water SourcePublic
Units Total30
Year Built SourceAppraiser
Vacancy Allowance Rate3%
Number of Separate Electric Meters32
Number of Separate Gas Meters32
Number of Separate Water Meters2
Listed withMike Marcu (Mike Marcu, Broker)