311 Idaho StLa Habra, CA 90631

Property Details for 311 Idaho St

Year built

1955

Lot size

0.49 AC

Property size (Sq ft)

3,864 SF

Property type

Apartment buildings

APN

018-087-22

APU

1808722

Description

This exceptional 9-unit apartment complex in La Habra, CA, presents a remarkable investment opportunity. Boasting a recent, comprehensive $1.1 million renovation completed in 2024, the property offers a truly turnkey experience for the new owner. The two single-story buildings, situated on a spacious 23,724 square-foot lot, comprise seven 1-bedroom/1-bathroom units and two newly constructed 3-bedroom/2-bathroom units. All units feature modern upgrades including in-suite laundry, plank vinyl flooring, new cabinets, quartz countertops, updated bathrooms, new electrical subpanels, upgraded lighting, fresh paint, central AC and heat, and stainless steel appliances. Exterior improvements include new windows, entry doors, fencing, landscaping, concrete work, roof and stucco repairs, asphalt replacement, and new exterior lighting. The property includes 12 assigned parking spaces and is separately metered for gas and electric. Conveniently located near major shopping centers and with easy access to Beach Boulevard and Imperial Highway, this stabilized multifamily asset offers strong potential in a high-performing market. The property's 7,160 square feet of net rentable space, built in 1955, provides a solid foundation for immediate income generation. The property is offered as a 1031 exchange opportunity and features a desirable unit mix, ample parking, and large private patios. This is a rare opportunity to acquire a meticulously renovated, high-quality multifamily property in a prime Orange County location. The Assessor's Parcel Number (APN) is 018-087-22. Asking price is $4,316,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,039,119

  6.5%

  $959,187

  7%

  $890,673

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,121,416

  Geo Method

  $1,163,043

• Alternative Use

  Use

  Valuation

  Residential

  $959,187

  Hospitality

  $878,610

  Educational

  $730,993

  Medical

  $756,133

  Retail

  $1,137,100

Location Insight

City

La Habra

County

Orange

State

California

Latitude

33.9343

Longitude

-117.96

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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