311 North Idaho Street
Description
garden style units in two single story buildings. The asset features an excellent unit mix consisting of seven (7) 1 bedroom / 1
bathroom units and two (2) newly constructed 3 bedroom / 2 bathroom units on a spacious 23,724 square foot parcel. The property
includes 12 assigned parking spaces, is separately metered for gas and electric, and residents enjoy large private yards....311 Apartment Homes (the “Property”) is located at 311 North Idaho Street in La Habra, CA. The Property consist of 9 low density
garden style units in two single story buildings. The asset features an excellent unit mix consisting of seven (7) 1 bedroom / 1
bathroom units and two (2) newly constructed 3 bedroom / 2 bathroom units on a spacious 23,724 square foot parcel. The property
includes 12 assigned parking spaces, is separately metered for gas and electric, and residents enjoy large private yards.
311 Apartment Homes has recently undergone a comprehensive renovation program with over $1.1 million invested into upgrading
the property. As such, residents are provided a high quality living experience and a new owner will enjoy a truly turn-key investment
property. Property improvements completed include, but are not limited to, complete unit interior renovation to all units (addition of in-suite
laundry, plank vinyl flooring, new cabinets, quartz countertops, new bathtub and shower surrounds, new electrical subpanels,
upgraded lighting package, fresh paint, central AC and heat, stainless steel appliances and modern finishes), new windows, new
unit entry doors, new fencing, complete landscaping replacement, concrete replacement & repair, roof repair, stucco repair &
exterior paint, asphalt repair / replacement and new exterior lighting.
311 Apartment Homes is conveniently located between two large shopping centers, La Habra Gateway and La Habra Marketplace,
both of which provide a variety of dining, shopping and entertainment opportunities. The Property is located near Beach Boulevard
and Imperial Highway , making for a easy commute to the greater Orange County and Los Angeles County metros. Given the scope of the renovations, the current rents being achieved, and the ancillary income produced, this is an amazing turnkey,
stabilized multifamily asset in a strong performing market.
- Listed by Jason Kirklen • DRE #01939655 • Brokerage DRE #02128238 • Kirklen Investment Group • 949-942-1302
Property Details for 311 North Idaho Street
Property Details for 311 North Idaho Street
| Status | Active |
|---|---|
| MLS # | OC24237674 |
| Days on Market | 2 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1955 |
| County | Orange County |
Building Information for 311 North Idaho Street
Property Information for 311 North Idaho Street
- Tenant Pays: Electricity, Gas
- Gross Income: $271,996
- Gross Scheduled Income: $268,032
- Vacancy Allowance Rate: 3
- Gross Operating Income: $271,996
- Net Operating Income: $184,474
- Other Income Description: Other income and RUBS
- Other Income 1: $3,177
- Other Income 2: $8,828
- Operating Expense: $87,522
- New Taxes Expense: $47,950
- Gardener Expense: $2,160
- Fuel Expense: $0
- Pest Control Expense: $1,827
- Electric Expense: $200
- Insurance Expense: $7,160
- Maintenance Expense: $4,500
- Professional Management Expense: $12,106
- Trash Expense: $6,200
- Water Sewer Expense: $2,584
- Total Expenses: $87,522
- Tax Tract Number: 11.03
- CFD/Mello-Roos Fee: $1,802
- Tax Lot: 22
- Community Features: Curbs, Gutters, Sidewalks, Storm Drains
- Appliances: Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator
- Equipment: Dishwasher, Dryer, Dryer Included, Freezer, Microwave, Refrigerator, Washer, Washer Included
- Interior Features: Ceiling Fan(s), Quartz Counters, Recessed Lighting
- Laundry: Yes
- Laundry Features: Dryer Included, Washer Included
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 21-25 Units/Acre
- Number Of Units: 9
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Assigned
- Uncovered Spaces: 12
- Open Other Spaces Total: 12
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Assigned
- Unit Type Units Total: 7
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,249
- Unit Type Total Rent: $15,746
- Unit Type Pro Forma: 2350
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,295
- Unit Type Total Rent: $6,590
- Unit Type Pro Forma: 3700
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 9
- Number Of Separate Gas Meters: 9
- Number Of Separate Water Meters: 1
Property History for 311 North Idaho Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 311 North Idaho Street
Schools near 311 North Idaho Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
El Portal Elementary School PublicK to 6 | ||
Rancho-Starbuck Intermediate School Public7 to 8 | ||
La Habra High School Public9 to 12 | ||
La Sierra High (Alternative) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Kirklen Investment Group, Jason Kirklen, DRE #01939655
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.