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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$4,200,000

Est. payment - /mo

0.52 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision East Of 57

MLS Listing ID OC25134651

HOA Y/N No

Year Built 1921

Lot Size 0.520 Acres

Property Sub-Type Mixed Use

Property Description

We are pleased to present 133 S Melrose St, located in Placentia, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense tenant and curb appeal next to Cal State University Fullerton. Each of the 11-Units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, new paint, and some of the units were taken down to the studs.

The exterior also had a recent significant renovation completed, including new roofs, new stucco, a new pavilion and BBQ area, new courtyard concrete, new landscaping, newly paved parking lot, some new fencing and paint, new tenant garden boxes, new washers and dryers, and new wall air conditioning. The property offers an excellent unit mix and range of floorplans with no tuck under parking.

These 11 units are conveniently located three minutes from the 57 and five minutes from the 91 freeways, allowing tenants easy access to the greater California region and beyond. There are several retail centers next to the property, including Sam's Club, Home Depot, Smart & Final Extra, and Concentra Urgent Care. There are great schools within a couple miles of the property, including Kraemer Middle school, Valencia Highschool, Hope International University, Cal State Fullerton, Saint Joseph Catholic school, Ruby Drive Elementary School, and Troy High School.

Location

State CA

County Orange

Area 84 - Placentia

Interior

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Composition,Shingle

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 33935311

Acceptable Financing Cash to Existing Loan, Conventional

Listing Terms Cash to Existing Loan, Conventional

Special Listing Condition Standard

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Listed by Mark Bridge • Mark Bridge, Broker • Mark.Bridge@matthews.com

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133 S Melrose ST Placentia, CA 92870