449 Melody Ln - Apartments FOR SALE


Placentia, CA 92870
$2,625,000 USD
714-616-0689
449 Melody Ln, Placentia, CA for Sale
$2,625,000 USD
Apartments - FOR SALE
1/10
null | 4.77% Cap Rate

449 Melody Ln
Placentia, CA 92870


HIGHLIGHTS

  • Located on a Quiet Single-Family Residential Street
  • 100% Occupied, Stable Cash-Flowing Property
  • Well-Maintained Asset with a mix of Two- & One-Bedroom Units with Pitched Roofs
  • Recent Capital Improvements
  • ADU Potential - Potential to Add (2) ADUs on Top of Detached Garages
  • Large On-Site Laundry Rooms (Updated Leased Machines) & (8) Garage Spaces Used By Tenants to Park Their Cars

OVERVIEW

449 Melody Lane is a 100% occupied, well-maintained multifamily property on a quiet residential street near Kraemer Memorial Park in Placentia, and less than a mile from Cal State Fullerton. The property sits on approximately 10,860 SF of land with 5,525 rentable SF and features an excellent unit mix of one- & two-bedroom units. Pride of ownership, strong walkability, and ADU potential above the detached garages offer an attractive value-add opportunity.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$475 USD /SF

# OF UNITS

8

PRICE/UNIT

$328,125

CAP RATE

4.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,860 SF

ZONING

-

APN/PARCEL ID

339-031-01

ASK ABOUT THIS PROPERTY

714-616-0689

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714-616-0689

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