309 Grace Ave La Habra, CA 90631
Estimated payment $5,062/month
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Rectangular Lot
- Sonora High School Rated A
- Tile Flooring
- 4-minute walk to Las Lomas Park
About This Home
Property is being offered via auction. Rare opportunity to acquire up to three adjacent duplexes (6 units total) in prime La Habra location—ideal for investors seeking scale, upside, and long-term appreciation This exceptional duplex, located at 309-311 Grace Ave, is a premier investment opportunity in the heart of La Habra. Situated within the established Tract 715 neighborhood, this property offers a rare blend of stable income, upside potential, and long-term investment value. The property features two well-proportioned 2-bedroom, 1-bathroom units, each offering comfortable living layouts, abundant natural light, and functional floor plans ideal for today’s rental demand. With separate living spaces and strong tenant appeal, this duplex is perfectly suited for both seasoned investors and owner-occupants seeking supplemental income.
Currently generating below-market rents, this asset presents a compelling value-add opportunity with significant upside potential. Market trends in La Habra support higher rental rates for comparable units, allowing a new owner to strategically increase income over time and enhance overall returns.
This offering is uniquely positioned alongside two additional duplexes located at 301–303 Grace Ave and 305–307 Grace Ave, creating a rare chance to acquire three adjacent duplexes (total of 6 units). Opportunities like this are exceptionally limited in this area and provide investors with the ability to achieve economies of scale with contiguous ownership; increase operational efficiency and long-term management ease; maximize rental upside across a larger asset base; create a strong, consolidated footprint in a high-demand rental pocket Positioned on a generous lot in a quiet residential setting, the property benefits from its proximity to shopping, dining, schools, and major transportation corridors, making it highly desirable for tenants and future appreciation alike.
Whether you’re looking to expand your portfolio, execute a light value-add strategy, or secure a multi-property investment play, this duplex—combined with the neighboring opportunities—delivers flexibility, scalability, and long-term growth in one of North Orange County’s established rental markets.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 6,560 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,600 Sq Ft Home
- 1-Story Property
- Tile Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Laundry in Kitchen
Parking
- 3 Open Parking Spaces
- 6 Parking Spaces
- 3 Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 715
- Assessor Parcel Number 01909218
- $559 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,200
- Professional Management Expense $2,286
- Trash Expense $900
- Operating Expense $4,386
- Gross Income $44,806
- Net Operating Income $33,376
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,570 | $660,013 | $595,212 | $64,801 |
| 2024 | $7,570 | $647,072 | $583,541 | $63,531 |
| 2023 | $7,397 | $634,385 | $572,099 | $62,286 |
| 2022 | $7,320 | $621,947 | $560,882 | $61,065 |
| 2021 | $7,202 | $609,752 | $549,884 | $59,868 |
| 2020 | $7,134 | $603,500 | $544,245 | $59,255 |
| 2019 | $6,937 | $591,667 | $533,573 | $58,094 |
| 2018 | $2,025 | $140,787 | $97,376 | $43,411 |
| 2017 | $1,991 | $138,027 | $95,467 | $42,560 |
| 2016 | $1,948 | $135,321 | $93,595 | $41,726 |
| 2015 | $1,897 | $133,289 | $92,189 | $41,100 |
| 2014 | $1,845 | $130,679 | $90,384 | $40,295 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/16/2026 04/16/26 | For Sale | $830,000 | -39.6% | $519 / Sq Ft | |
| 05/23/2018 05/23/18 | Sold | $1,375,000 | -14.0% | $859 / Sq Ft | View Prior Sale |
| 04/25/2018 04/25/18 | For Sale | $1,599,000 | +16.3% | $999 / Sq Ft | |
| 04/23/2018 04/23/18 | Off Market | $1,375,000 | -- | -- | |
| 04/12/2018 04/12/18 | For Sale | $1,599,000 | -- | $999 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Fidelity National Title | |
| Grant Deed | -- | Fidelity National Title | |
| Grant Deed | $1,775,000 | First American Title Co | |
| Grant Deed | $1,375,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $633,750 | New Conventional | |
| Previous Owner | $1,031,250 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26082941
APN: 019-092-18
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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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