15121 Van Buren St - Apartments FOR SALE


Midway City, CA 92655
$3,990,000 USD
949-681-8388
15121 Van Buren St, Midway City, CA for Sale
$3,990,000 USD
Apartments - FOR SALE
1/18
null | 4.46% Cap Rate

15121 Van Buren St
Midway City, CA 92655


HIGHLIGHTS

  • 100% single-story low-density complex, located in the strong Midway City rental market with excellent curb appeal.
  • Beautifully landscaped with white rose bushes, courtyard fountains, and gated pedestrian access on both ends.
  • The building has pitched composition shingle roofs, concrete parking surfaces with additional street parking, separate gas and more.
  • Centrally located at the I-405 and Beach Blvd, the property is within a mile of Costco Wholesale, Whole Foods Market, Target, and more.

OVERVIEW

Mark Bridge at Matthews is pleased to present 15121 Van Buren St in the strong Midway City rental market. This garden-style 100% single-story complex is in great condition thanks to quality management and a strong pride of ownership. Comprised of sixteen studios and two one-bed one-bath units, the beautifully landscaped grounds are adorned with white rose bushes and gated pedestrian entry at both ends. The building exterior has newer double pane vinyl windows, pitched shingle roofs and concrete parking surfaces. The building is also separately metered for gas and electricity and has an on-site laundry facility for residents’ use. Each unit has a separate hot water heater and security screen door. All units have upgraded electrical subpanels installed. The strong Midway City location at Beach Blvd and the 405 Freeway offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. Nearby are Costco Wholesale, Whole Foods Market, Target, Bella Terra, Old World Village, Harbor Freight, Star View Elementary School, Leo Carrillo Elementary School, Vista View Middle School, Park West, and Russell C Paris Park. Highlights: • 100% single-story low-density complex, located in the strong Midway City rental market with excellent curb appeal. • Beautifully landscaped with white rose bushes, courtyard fountains, and gated pedestrian access on both ends. • The building has pitched composition shingle roofs, concrete parking surfaces with additional street parking, separate gas and electric meters, individual water heaters, security screen doors, new electrical subpanels, and an on-site laundry facility. • Centrally located at the I-405 and Beach Blvd, the property is within a mile of Costco Wholesale, Whole Foods Market, Target, Bella Terra, Old World Village, Harbor Freight, multiple parks and schools, and surrounded by a variety of shopping centers and entertainment options. Mark Bridge | Mark.Bridge@Matthews.com | Ph: 949-681-8388 Broker of Record | David Harrington | License # 02168060 (CA)

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$413 USD /SF

# OF UNITS

18

PRICE/UNIT

$221,667

CAP RATE

4.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15121 Van Buren Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

Multifamily

APN/PARCEL ID

107-180-08

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.