NOT LISTED FOR SALE

540 La Cadena Way La Habra, CA 90631

12 Beds
8 Baths
5,271 Sq Ft
9,148 Sq Ft Lot

Last Sold August 10, 2023

Last sale price $2,020,000 $383 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Galley Kitchen
  • Laundry Room
  • Rancho-Starbuck Intermediate School Rated 9+
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking

About This Home

As of August 2023

Eight-unit apartment building located in the City of La Habra, Just south of Whittier Blvd. and East of Beach Blvd. with a strong rental market. Close to many of the popular downtown areas in Orange County, and about 26 miles west of downtown Los Angeles. The property's unit mix comprised of four 2 bedrooms units and 4 four 1-bathroom units totaling 5,271 Square feet of living space on a 19,191 square foot lot. Separate electric meters, car ports with storage cabinets, an enclosed storage car port, gust parking and a laundry room.

Last Agent to Sell the Property

John Chesshire

The Shire Real Estate Group License #00922652 Listed on: 05/18/2023

Last Buyer's Agent

Sean Riley

CB Richard Ellis, Inc. License #01920511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage
  • 8 Carport Spaces
  • Parking Available

Home Design

  • Apartment
  • Entry on the 2nd floor
  • Slab Foundation
  • Stucco

Interior Spaces

  • 5,271 Sq Ft Home
  • 2-Story Property
  • Blinds

Kitchen

  • Galley Kitchen
  • Gas Range
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 10
  • Tax Tract Number 3747
  • Assessor Parcel Number 01804134
  • $1,995 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,011
  • Gardener Expense $1,660
  • Insurance Expense $6,821
  • Maintenance Expense $24,091
  • Professional Management Expense $7,161
  • Operating Expense $36,296
  • Gross Income $11,656
  • Net Operating Income $103,577

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.00
  • Professional Management Expense: 7161.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Unknown
  • View: No
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1660.00
  • Parcel Number: 01804134
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 383.23
  • Room Type: Galley Kitchen
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 8.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater Central
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 620 Square Feet
  • Average2 Bed Area: 700 Square Feet
  • Electric Expense: 3011.00
  • Gross Income: 11656.00
  • Gross Multiplier: 16.30
  • Gross Scheduled Income: 139872.00
  • Gross Spendable Income: 103577.00
  • Insurance Expense: 6821.00
  • Lot Size Area: 9148.0000 Square Feet
  • Maintenance Expense: 24091.00
  • Net Operating Income: 103577.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 36295.00
  • Rent Control: No
  • Total Actual Rent: 10419.00
  • Total Expenses: 36296.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 11.03
  • Tax Lot: 10
  • Tax Tract Number: 3747
  • TaxOtherAnnualAssessmentAmount: 1995.00

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 List to Sale Price per Sq Ft
08/10/2023 08/10/23 Sold $2,020,000 -11.4% $383 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $2,280,000 -- $433 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Chesshire

    Seller's Agent in 2023

    John Chesshire

    The Shire Real Estate Group

    (714) 317-8278

    1 in this area

    26 Total Sales

    John Chesshire
    Section Image
  • Sean Riley

    Buyer's Agent in 2023

    Sean Riley

    CB Richard Ellis, Inc.

    (714) 493-0614

    1 in this area

    15 Total Sales

    Sean Riley
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23078048

California Regional Multiple Listing Service (CRMLS)
California Orange County La Habra 90631

540 La Cadena Way, La Habra, CA

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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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