22-Unit Apartment
New
For Sale
$7,500,000
911 N Walnut Street, La Habra, CA 90631
Separate gas and electric meters, RUBS, and shared laundry provide utility recovery and ancillary income opportunities.
Property Size19,900 SF
Days on Market3
Property Features for 911 N Walnut Street
General Information
Standard status
Active
Size
19,900 SF
Property subtype
Apartment
Financials
Cap Rate
5.36%
Gross Rent Multiplier
11.3
Units
Unit Mix
7 x 3BR/1.75BA, 10 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units
22
Additional Details
Utilities to Site
Yes
Amenities
common laundry room
private patios
pool
Building Details
Building Size
19,900 SF
Year Built
1962
Listing Agency:
Vanguard Property Group
Listed By:
Ed Diaz · License #01022469
Source:
Velocityrealtysd
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 11:31PM
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 Vanguard Property Group
Investment Insights
Based on property information with market context.
Built in 1962, this 22-unit apartment property in La Habra includes seven three-bedroom, 1.75-bath units, ten two-bedroom, one-bath units, and five one-bedroom, one-bath units. Some apartments have updated kitchens or bathrooms, and some feature private patios. A swimming pool and shared laundry room serve the community.
Gas and electric service are separately metered, and a RUBS program allocates utility costs to tenants. The electrical system has newer exterior panels and interior subpanels for each apartment. The property is in La Habra, Orange County.
Gas and electric service are separately metered, and a RUBS program allocates utility costs to tenants. The electrical system has newer exterior panels and interior subpanels for each apartment. The property is in La Habra, Orange County.
Key Highlights
- 22 apartments: 7 (3+1.75), 10 (2+1), and 5 (1+1)
- In‑place 5.36% cap rate and 11.3 GRM; pro forma figures are 6.4% cap rate and 10.08 GRM
- Gas and electric meters are separate; RUBS is in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$379,835
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,596,700
$7.6M
Cap Rate 7%
$5,426,214
$5.4M
Cap Rate 9%
$4,220,389
$4.2M
Market Conditions
NOI Build-Up for 19,900 SF
Gross rent
$716.4K $36.00/SF
− Vacancy
−$25.8K −$1.30/SF
EGI
$690.6K $34.70/SF
− OpEx
−$310.8K −$15.62/SF
NOI
$379.8K $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%
$7,596,700
Cap Rate 7%
$5,426,214
Cap Rate 9%
$4,220,389
Alternative Uses
Best Use
Apartment 5plus
$5.43M
$4.75M – $6.33M
NOI $379,835 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.68M
$5.85M – $7.80M
NOI $467,881 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,031
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
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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 - Separate gas and electric meters, RUBS, and shared laundry provide utility recovery and ancillary income opportunities.
Where is this apartment building located?
The property is located at 911 N Walnut Street La Habra, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 22 apartments: 7 (3+1.75), 10 (2+1), and 5 (1+1); In‑place 5.36% cap rate and 11.3 GRM; pro forma figures are 6.4% cap rate and 10.08 GRM; Gas and electric meters are separate; RUBS is in place
