$1,875,000
$1,850,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/18/2016
Key Details
Sold Price $1,875,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP16197491
Sold Date 11/18/16
HOA Y/N No
Year Built 1992
Property Description
Built in 1992, the Belmont Street apartment community features a unit mix of spacious floorplans consisting of four (3 Bedroom + 2 Bathroom) units, one (2 Bedroom + 2 Bathroom) and one (1 Bedroom + 1 Bathroom). Tenant amenities include central air-conditioning and heat, dishwashers, private balconies or patios, individual water heaters and an on-site laundry facility. In addition, the property is well parked with 12 single car garages (some with direct access to the apartment) and 3 open car spaces. Located on a corner lot within a strong rental market just north of Los Alamitos. Cypress College is located just 3 miles east, major cross streets are Moody Street and Crescent Avenue. This unique community offers an investor the opportunity to acquire a rare newer constructed multi-family asset, with over 20% upside in rents. 8601 Belmont Street is being offered for sale by the original developer.
Location
State CA
County Orange
Area 80 - Cypress North Of Katella
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Curbs
Utilities Available Sewer Connected
Total Parking Spaces 15
Private Pool No
Building
Lot Description Corner Lot
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 26231113
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Vickie Hughes • JV Hughes Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "