$7,950,000
$8,050,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
1.2 Acres Lot
SOLD DATE : 04/13/2015
Key Details
Sold Price $7,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC14234117
Sold Date 04/13/15
HOA Y/N No
Year Built 1969
Tax Year 2014
Lot Size 1.200 Acres
Property Description
DRIVE BY ONLY - The Melrose Manor Apartment Units is a 44 unit turn-key apartment
community excellently located in the city of Buena Park. Built in 1969, the subject property consists of one, three-story
building situated on a 1.21 acre lot. Currently 100% occupied, the subject property boasts a unit mix of 37 oversized
one-bedroom/one bath units, 3 two-bedroom/one-and-three-quarter bath units, and 4 two-bedroom/one bath units with
approximately 11% upside in rental income at attainable market rents.
Individually metered for electric and master-metered for gas, the units feature wall air-conditioning and heating, three
spacious closets, breakfast nooks, and a balcony or patio. Common area amenities include electronic gated access, 51
lighted carports and 17 open parking spaces, a sparkling swimming pool, barbeque area, and an on-site laundry room.
Location
State CA
County Orange
Area 82 - Buena Park
Interior
Interior Features Balcony, Ceiling Fan(s), Elevator, Granite Counters, Laminate Counters
Cooling Electric, Wall/Window Unit(s)
Fireplaces Type Bath, Dining Room, Kitchen, Living Room, Primary Bedroom
Fireplace Yes
Exterior
Parking Features Assigned
Carport Spaces 51
Pool In Ground, Private
Community Features Street Lights, Sidewalks
Utilities Available Electricity Available, Sewer Available
Total Parking Spaces 68
Private Pool Yes
Building
Lot Description 26-30 Units/Acre
Story 3
Entry Level Three Or More
Water Public
Level or Stories Three Or More
Others
Tax ID 27638201
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Jonathan Mitchell • Marcus & Millichap RE Invest