311 Idaho St La Habra, CA 90631
- Apartment buildings
- 3,864 SF
- 0.49 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 311 Idaho St
- Year built
- 1955
- Lot size
- 0.49 lot acres
- Property size
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,770,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,020,000
- 6.5%
- $2,020,000
- 7%
- $2,010,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,775,000
- Geo Method
- $1,845,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,000,000
- Retail
- $1,965,000
- Mixed-Use
- $2,130,000
- Hospitality
- $1,910,000
- Educational
- $2,250,000
- Residential Income
- $2,355,000
- Energy
- $1,800,000
- Income-Based Land
- $2,435,000
- Food Service
- $1,970,000
Location Insight
- Map
- Local Demand
- City
- La Habra
- County
- Orange
- State
- California
- Longitude
- -117.96
- Latitude
- 33.9343
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
