La Habra Multifamily Investment
For Sale
Contact for pricing
Pending
1001 N Harbor Blvd, La Habra, CA 90631
Well-maintained 60-unit apartment community in La Habra, California.
Property Size54,664 SF
Lot Size2.53 Acres
Days on Market213
Property Features for 1001 N Harbor Blvd
General Information
Standard status
Pending
Size
54,664 SF
Lot size
2.53 Acres
Property subtype
Multifamily
Investment Type
Value Add
Building Details
Year Built
1969
Buildings
10
Stories
2
Units
61
Listing Agency:
Northmarq
Listed By:
Peter Hauser · License #CA 00856966
(949) 717-5211
Source:
Crexi
Added: Mar 17
Changed: Oct 12
Last Checked: Oct 14 at 8:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
North Pointe Villas is a garden-style apartment community located in La Habra, California. Constructed in 1969, the property features 60 apartment homes situated on approximately 2.53 acres of landscaped grounds. The community, totaling 54,664 square feet, offers a mix of (26) one-bedroom, one-bath units; (33) two-bedroom, one-and-a half bath units; and (1) three-bedroom, one-and-three-quarter bath unit. The property is located in a stable rental market and presents rental upside potential through strategic rent adjustments. The property also offers assumable below-market rate financing.
Key Highlights
- Assumable below‑market rate financing.
- Immediate rental upside potential due to below‑market rents.
- Well‑maintained, 60‑unit apartment community.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,043,383
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,867,660
$20.9M
Cap Rate 7%
$14,905,471
$14.9M
Cap Rate 9%
$11,593,144
$11.6M
Market Conditions
NOI Build-Up for 54,664 SF
Gross rent
$1.97M $36.00/SF
− Vacancy
−$70.8K −$1.30/SF
EGI
$1.90M $34.70/SF
− OpEx
−$853.7K −$15.62/SF
NOI
$1.04M $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,867,660
Cap Rate 7%
$14,905,471
Cap Rate 9%
$11,593,144
Alternative Uses
Best Use
Apartment 5plus
$14.91M
$13.04M – $17.39M
NOI $1,043,383 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.36M
$16.07M – $21.42M
NOI $1,285,238 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 90631, CA
69,533
Population
23,390
Households
3
Avg Household Size
38
Median Age
32%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
4,967
Density / Sq Mi
$102,208
Median Household Income
$46,334
Median Earnings
$2,029
Median Rent
$757,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 60-unit apartment community in La Habra, California.
Where is this apartment building located?
The property is located at 1001 N Harbor Blvd La Habra, CA.
What is the asking price?
The asking price for this property is $21,975,000.
What are key features of this property?
This property features: Assumable below‑market rate financing.; Immediate rental upside potential due to below‑market rents.; Well‑maintained, 60‑unit apartment community.
