Address
14871 Van Buren St. Street Midway City, CA
Price
$ 1,850,000
Property Attributes
  • MLS#NP21069473
  • TypeIncome
  • CountyORANGE
  • CityMidway City
  • AreaN of Blsa - S of GGrv - E of Bch - W of Brookhrs
  • NeighborhoodOther
  • Zip92655
  • Style
  • Price$ 1,850,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size7,841 SqFt
Listing Provided Courtesy Of:
Barry Mycorn with R.l.M. Equities, Inc..
Data Source:
CRMLS
Property Description

The Van Buren Apartments is a 4+1 Unit apartment complex built in 1988 in the heart of Midway City. This unique opportunity affords a prospective buyer the ability to obtain a 2-4 unit residential loan, and enjoy the benefits of a 5th non-conforming unit. The subject lot has 9 total parking spaced including 4 garages. The Asset's interiors and exterior have been extensively renovated over the past year. All 5 units have been turned within the last 2 years, including a newly rehabilitated 2 bedroom 2.5 bath town-home style unit. Other rehabilitation areas include: exterior paint, landscaping, garage/storage doors, carport, and a brand new roof. All aspects of the building are in excellent condition, this is a turnkey asset. The Van Buren Apartments offer an astute investor the opportunity to purchase an income producing property with strong rents in a unique growing market. The property has only sold once since its development. The complex is located in a quiet residential neighborhood just off of Bolsa and Beach Blvd. The area has a handful of brand new developments, including a block-long affirmed housing complex built in 2020. With attractive Interest Only financing, a new investor can achieve a 6%+ cash on cash return at full list price.

Price History
4/3/2021 Listed $1,850,000

General Features

Accessibility Parking
Appliances Gas Water Heater
Carport Spaces 5
Carport Y/N Yes
Community Features Suburban
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile, Vinyl
Garage Spaces 4
Garage Y/N Yes
Heating Central
Interior Features Ceiling Fan(s)
Levels One
MLS Area 65 - N of Blsa, S of GGrv, E of Bch, W of Brookhrs
Parking Features Carport, Garage
Pool Features None
Property Type Residential Income
Sewer Unknown
Subdivision Name Other (OTHR)
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 4

Interior Features

Air Conditioning Y/N Yes
Common Walls No Common Walls
Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Fencing Wood
Lot Features 0-1 Unit/Acre
Lot Size Acres 0.18
Lot Size Area 7841
Lot Size Source Assessor
Lot Size Square Feet 7841
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 5
Total Parking 9
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92655

Price
AVG $1.5M
$1.85M
Visits
AVG 60
114
Year Built
AVG 1973
1988
Walkscore
AVG 61
65
Data Provided by Walkscore ® not using MLS data

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