NOT LISTED FOR SALE

200 E Florence Ave La Habra, CA 90631

7 Beds
5 Baths
4,783 Sq Ft
12,994 Sq Ft Lot

Last Sold August 04, 2020

Last sale price $1,460,000 $305 Per Sq Ft

36 Days on Market

Highlights

  • Laundry Room
  • La Habra High School Rated A-
  • Landscaped

About This Home

As of August 2020

The Florence Apartments has been extensively renovated in 2019 and 2020. The owners have thoroughly renovated every facet of the property, including: roof, landscape, parking, building structure and significant interior upgrades. The Florence Apartments offer an astute investor the opportunity to purchase an income producing property with brand new tenants and strong rents in a unique growing market. The building itself stands as the only multiunit property in the entire northeast corner of Euclid and La Habra Blvd. The asset’s location, unique layout, and pristine condition, afford a new investor the coveted ability to command top of the market rents for the future.

Realistic 4.7% Cap Rate on current rents, all rents paid in full!

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 05/18/2020

Last Buyer's Agent

Ed Diaz

Vanguard Property Group License #01022469

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Property Attached

Interior Spaces

  • 4,783 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 1155
  • Assessor Parcel Number 02207539

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $28,760
  • Gross Income $102,480
  • Net Operating Income $70,646

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0.3 Acres

Listing Details

  • CapRate: 4.70
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 02207539
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 305.25

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 12993.00
  • Lot Size Acres: 0.2983

Multi Family

  • Gross Income: 102480.00
  • Gross Multiplier: 14.59
  • Gross Operating Income: 99406.00
  • Gross Scheduled Income: 102480.00
  • Lot Size Area: 12993.0000 Square Feet
  • Net Operating Income: 70646.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28760.00
  • Rent Control: Yes
  • Total Expenses: 28760.00

Tax Info

  • Tax Census Tract: 12.02
  • Tax Lot: 8
  • Tax Tract Number: 1155
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2020 08/04/20 Sold $1,460,000 -2.3% $305 / Sq Ft
05/18/2020 05/18/20 For Sale $1,495,000 +30.4% $313 / Sq Ft
11/22/2019 11/22/19 Sold $1,146,500 0.0% $240 / Sq Ft View Prior Sale
11/10/2019 11/10/19 Off Market $1,146,500 -- --
11/06/2019 11/06/19 For Sale $1,100,000 -- $230 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,907 $1,580,350 $1,396,212 $184,138
2024 $17,907 $1,549,363 $1,368,835 $180,528
2023 $17,498 $1,518,984 $1,341,995 $176,989
2022 $17,322 $1,489,200 $1,315,681 $173,519
2021 $17,041 $1,460,000 $1,289,883 $170,117
2020 $13,596 $1,146,500 $976,383 $170,117
2019 $8,663 $705,426 $479,763 $225,663
2018 $8,520 $691,595 $470,356 $221,239
2017 $8,370 $678,035 $461,134 $216,901
2016 $8,177 $664,741 $452,092 $212,649
2015 $7,948 $654,756 $445,301 $209,455
2014 $7,717 $641,931 $436,578 $205,353
Source: Public Records

Agents Affiliated with this Home

  • Gary Tolfa

    Seller's Agent in 2020

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    12 Total Sales

    Gary Tolfa
    Section Image
  • Ed Diaz

    Buyer's Agent in 2020

    Ed Diaz

    Vanguard Property Group

    (714) 900-0169

    26 Total Sales

    Ed Diaz
    Section Image
  • Brad New

    Buyer Co-Listing Agent in 2020

    Brad New

    Vanguard Property Group

    (714) 446-0100

    27 Total Sales

    Brad New
    Section Image
  • Brian Bartholomew

    Seller's Agent in 2019

    Brian Bartholomew

    Circa Properties, Inc.

    (714) 225-0039

    3 in this area

    55 Total Sales

    Brian Bartholomew
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20094649

California Regional Multiple Listing Service (CRMLS)

APN: 022-075-39

California Orange County La Habra 90631

200 E Florence Ave, La Habra, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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