$3,995,000
$321K PRICE DROP

311 N Idaho St La Habra, CA 90631

Estimated payment $25,720/month

Total Views 21,249
4 Beds
3 Baths
7,160 Sq Ft
$558 Price per Sq Ft

Highlights

  • 0.54 Acre Lot
  • Quartz Countertops
  • Laundry Room
  • Rancho-Starbuck Intermediate School Rated 9+
  • Recessed Lighting
  • Bungalow

About This Home

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.

Listing Agent

Jason Kirklen

Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 11/20/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.54 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Home Design

  • Bungalow
  • Apartment

Interior Spaces

  • 7,160 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Rain Gutters
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 11
  • Assessor Parcel Number 01808722
  • $1,802 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Gardener Expense $2,160
  • Insurance Expense $7,160
  • Maintenance Expense $4,500
  • Pest Control $1,827
  • Professional Management Expense $12,260
  • Trash Expense $6,200
  • Water Sewer Expense $2,584
  • New Taxes Expense $45,250
  • Operating Expense $84,976
  • Gross Income $276,962
  • Net Operating Income $191,987

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • CapRate: 4.81
  • Price Per Unit: 443889
  • Professional Management Expense: 12260.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2584.00
  • Architectural Style: Bungalow
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2160.00
  • Parcel Number: 01808722
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Quartz Counters, Recessed Lighting
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 557.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Pest Control Expense: 1827.00
  • Sewer: Public Sewer
  • Trash Expense: 6200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 23724.00
  • Lot Size Acres: 0.5446

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 200.00
  • Gross Income: 276962.00
  • Gross Multiplier: 14.73
  • Gross Operating Income: 276962.00
  • Gross Scheduled Income: 271296.00
  • Insurance Expense: 7160.00
  • Lot Size Area: 23724.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 191987.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 84976.00
  • Other Income1: 3777.00
  • Other Income2: 10028.00
  • Other Income Description: Other income and RUBS
  • Rent Control: No
  • Total Expenses: 84976.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 45250.00
  • Tax Lot: 22
  • Tax Tract Number: 11.03
  • TaxOtherAnnualAssessmentAmount: 1802.00

Map

Range of Values:

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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 Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $3,995,000 -3.7% $558 / Sq Ft
04/10/2025 04/10/25 Price Changed $4,150,000 0.0% $580 / Sq Ft
03/06/2025 03/06/25 Price Changed $2,295 -2.3% $3 / Sq Ft
12/03/2024 12/03/24 Price Changed $2,350 0.0% $3 / Sq Ft
11/20/2024 11/20/24 For Sale $4,316,000 0.0% $603 / Sq Ft
04/18/2024 04/18/24 Price Changed $2,195 0.0% $3 / Sq Ft
02/03/2024 02/03/24 Price Changed $2,195 -6.6% $3 / Sq Ft
01/12/2024 01/12/24 Price Changed $2,350 +7.1% $3 / Sq Ft
10/17/2023 10/17/23 Price Changed $2,195 -6.6% $3 / Sq Ft
10/02/2023 10/02/23 Price Changed $2,350 -1.9% $3 / Sq Ft
09/14/2023 09/14/23 Price Changed $2,395 0.0% $4 / Sq Ft
09/08/2023 09/08/23 Price Changed $2,395 +1.9% $4 / Sq Ft
08/17/2023 08/17/23 Price Changed $2,350 +2.4% $3 / Sq Ft
08/08/2023 08/08/23 For Rent $2,295 0.0% --
06/23/2023 06/23/23 For Rent $2,295 0.0% --
06/19/2023 06/19/23 For Rent $2,295 0.0% --
01/19/2023 01/19/23 Price Changed $2,295 +9.5% $3 / Sq Ft
11/08/2022 11/08/22 Price Changed $2,095 -6.9% $3 / Sq Ft
10/27/2022 10/27/22 Price Changed $2,250 -6.1% $3 / Sq Ft
10/24/2022 10/24/22 Price Changed $2,395 +9.1% $4 / Sq Ft
10/17/2022 10/17/22 Price Changed $2,195 -8.4% $3 / Sq Ft
10/04/2022 10/04/22 Price Changed $2,395 +9.1% $4 / Sq Ft
09/29/2022 09/29/22 Price Changed $2,195 -4.4% $3 / Sq Ft
09/19/2022 09/19/22 Price Changed $2,295 -99.9% $3 / Sq Ft
09/06/2022 09/06/22 For Rent -- -- --
10/18/2021 10/18/21 For Sale $1,545,000 0.0% $400 / Sq Ft
09/10/2021 09/10/21 Sold $1,545,000 -- $400 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24237674

California Regional Multiple Listing Service (CRMLS)