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Key Details
Sold Price $1,075,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW20009317
Sold Date 06/17/20
HOA Y/N No
Year Built 2016
Lot Size 10,454 Sqft
Property Description
This property is currently leased out to an operating who has a 5-year lease. Tenant is about to enter their 3rd year of the lease. Rent Caps at $9000 per month on the 5th year. Tenant has two 5-year options to extend subject to CPI increases. Great Investment property with very little to no maintenance obligations. Property was completely remodeled in 2016 and is licensed as a Congregate Living Health Facility (CLHF). Landlord was very detailed and left no stone un-turned for this remodel. Property is equipped with fire sprinklers, fire alarm system, back-up generator, nurses call system, central ethernet connections, commercial a/c and tank-less water heater system. Property consists of wide hallways, open common area, six large bedrooms, three walk-in showers and one staff restroom.
Location
State CA
County Orange
Area 82 - Buena Park
Interior
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Cul-De-Sac, Front Yard
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 13519234
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Alok Kumar • Dotted Line Realty