133 Melrose Street, Placentia, CA 92870
  • MLS#: OC25134651 ( Commercial/Residential )
  • Street Address: 133 Melrose Street
  • Viewed: 1
  • Price: $4,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1921
  • Bldg sqft: 0
  • Days On Market: 7
  • Additional Information
  • County: ORANGE
  • City: Placentia
  • Zipcode: 92870
  • Subdivision: Other (othr)
  • Provided by: Mark Bridge, Broker
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • 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 Sams 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.
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Features
Appliances
  1. Disposal
  2. Gas Oven
  3. Gas Range
  4. Gas Water Heater
  5. Range Hood
  6. Water Heater
Association Fee
  1. 0.00
Building Area Total
  1. 9200.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Frame
  2. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. Assumable
Electric Expense
  1. 132.00
Entry Location
  1. First
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1800.00
Have
  1. 11 Units | Placentia | Turnkey
Heating
  1. Natural Gas
  2. Wall Furnace
Insurance Expense
  1. 6914.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 210868.00
Newtaxesexpense
  1. 45780.00
Number Of Separate Electric Meters
  1. 11
Number Of Separate Gas Meters
  1. 11
Number Wallac
  1. 11
Number With Disposal
  1. 11
Number With Range
  1. 11
Otherexpense
  1. 10172.00
Otherexpensedescription
  1. Reserves
Otherincome1
  1. 1200.00
Otherincomedescription
  1. Parking
Parcel Number
  1. 33935311
Pest Control Expense
  1. 600.00
Pool Features
  1. None
Postalcodeplus4
  1. 5964
Presentloans
  1. 2295300
Professionalmanagementexpense
  1. 9466.00
Property Type
  1. Commercial/Residential
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Composition
  2. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 441029487:CRM
Spa Features
  1. None
Subdivision Name Other
  1. East of 57
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
Totalexpenses
  1. 96406.00
Trash Expense
  1. 6734.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Connected
  5. Sewer Connected
  6. Water Connected
Vacancyallowance
  1. 9466
Water Sewer Expense
  1. 10308.00
Water Source
  1. Public
Year Built
  1. 1921
Year Built Source
  1. Assessor