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$ 3,300,000
Est. payment | /mo
9,196 SqFt
$ 3,300,000
Est. payment | /mo
9,196 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,196 sqft
Price per Sqft $358
MLS Listing ID CRNP25088945
HOA Y/N No
Year Built 1985
Lot Size 0.411 Acres
Acres 0.41
Property Sub-Type Other
Property Description
5882 Western Avenue is a desirable investment property consisting of nine 2-bedroom 2-bathroom apartment homes with spacious living interiors averaging roughly 1,000 square feet each. The size of the floor plans with the additional second bathroom, attract tenants, produce solid rents and encourages longer-term occupancy. Built in 1985 on an oversized, 18,956 square foot parcel of land, the property consists of two buildings set back from the street. The large lot and design layout provide a low-density, quiet residential living environment with excellent parking, (9) garages and (9) open spaces (2 to 1 Parking Ratio). There are 8 storage rooms on-site for additional rental income or for a potential ADU conversion. Well located in northwest Orange County, near the cross streets of Beach Blvd and Artesia Blvd, the property is roughly 21 miles southeast of Los Angeles, with easy access to both the 91 and 5 freeways. The strong local economy includes the Entertainment Corridor, which contains a variety of well-known attractions, including Knott’s Berry Farm, Medieval Times Dinner, several hotels, and other secured development plans for several more exciting entertainment and lodging venues.
Location
State CA
County Orange
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 27710225
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Listed by Ignacio Diaz Jr. • Investment Capital Real Estate
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States