Seller's Agent in 2023
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
156 Total Sales
5
Beds
3
Baths
20,289
Sq Ft
0.75
Acres
Highlights
- 0.75 Acre Lot
- Laundry Room
- Level Lot
- Brea Junior High School Rated A
- Landscaped
About This Home
As of May 2023Birch Terrace Apartments is a 36-unit multifamily investment property located at 601, 613, and 617 East Birch Street in Brea, CA. Built in 1964, but completely renovated over the last two years, Birch Terrace Apartments represents a turnkey investment opportunity. Current ownership has invested significant capital into improvements at the property to provide a luxury living experience to its residents. The well-maintained exterior features fresh paint, a recently upgraded monument sign, all vinyl windows, and an immaculately landscaped front yard. All units have been renovated with high-quality finishes and upgrades including new appliances, flooring, cabinetry, paint, and more. Residents enjoy the property’s proximity to an abundance of local amenities including popular restaurants, entertainment venues, and shopping destinations. The property is situated within walking distance of the Brea Marketplace, Brea Mall, and Brea Downtown, providing convenient access to everyday needs. Additionally, the property is located just 0.75 miles from the junction of State Route 57 and Imperial Highway. Brea’s excellent north Orange County location near Los Angeles County has made it one of Southern California’s most desirable and versatile markets.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 02/14/2023
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 02/14/2023
Property Details
Home Type
- Apartment
Year Built
- Built in 1964
Lot Details
- 0.75 Acre Lot
- No Common Walls
- Landscaped
- Level Lot
- 31923427, 31923426
Interior Spaces
- 20,289 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 36 Parking Spaces
- 36 Carport Spaces
Listing and Financial Details
- Tax Lot 47
- Tax Tract Number 2132
- Assessor Parcel Number 31923428
- $8,950 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 36 Units
Building Details
- 36 Leased Units
- Rent Control
- 36 Separate Electric Meters
- Electric Expense $9,509
- Fuel Expense $9,509
- Insurance Expense $8,308
- Maintenance Expense $20,000
- Other Expense $44,043
- Professional Management Expense $32,493
- Trash Expense $9,509
- Water Sewer Expense $9,511
- New Taxes Expense $158,072
- Operating Expense $300,954
- Gross Income $956,352
- Net Operating Income $627,427
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/04/2023 05/04/23 | Sold | $13,605,000 | -5.3% | $671 / Sq Ft |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- |
| 03/10/2023 03/10/23 | For Sale | $14,365,000 | +5.6% | $708 / Sq Ft |
| 03/08/2023 03/08/23 | Off Market | $13,605,000 | -- | -- |
| 02/14/2023 02/14/23 | For Sale | $14,365,000 | -- | $708 / 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 | $44,908 | $3,931,837 | $3,450,686 | $481,151 |
| 2024 | $44,908 | $3,854,743 | $3,383,026 | $471,717 |
| 2023 | $25,425 | $2,101,608 | $1,872,720 | $228,888 |
| 2022 | $25,162 | $2,060,400 | $1,836,000 | $224,400 |
| 2021 | $5,126 | $242,290 | $76,250 | $166,040 |
| 2020 | $5,081 | $239,806 | $75,468 | $164,338 |
| 2019 | $5,005 | $235,104 | $73,988 | $161,116 |
| 2018 | $4,937 | $230,495 | $72,538 | $157,957 |
| 2017 | $4,857 | $225,976 | $71,116 | $154,860 |
| 2016 | $4,778 | $221,546 | $69,722 | $151,824 |
| 2015 | $4,707 | $218,219 | $68,675 | $149,544 |
| 2014 | $4,589 | $213,945 | $67,330 | $146,615 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23025718
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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