$8,000,000

Estimated payment $52,694/month

Total Views 9,891
8 Beds
5 Baths
13,758 Sq Ft
$581 Price per Sq Ft

Highlights

  • 0.49 Acre Lot
  • Laundry Room
  • Central Heating and Cooling System
  • Valencia High School Rated A+

About This Home

opportunity to acquire 738 W La Jolla Street, a three-story, newer construction, townhome style multifamily investment property located in the desirable city of Placentia. Built in 2018, the West La Jolla Townhomes offer luxury finishes such as vinyl plank flooring, granite countertops, stainless steel appliances, white shaker cabinets, central heating and air, in unit washer and dryer, and each unit includes a private patio. Common area amenities include ample parking (8 tandem spaces and 10 direct access double car garages), and gated access to the property. The West La Jolla Townhomes offers eight (8) 4-bedroom and 2-bath townhome style units and two (2) 4-bedroom and 2.5-bath townhome style units. There is also an option for a buyer to assume the existing loan of $3,400,000 at a low rate of 3.43%.The property is conveniently located off the 91 and 55 Freeways allowing for quick and easy access to the greater Orange County area and beyond. This desirable Placentia location offers residents a variety of dining, shopping, educational, occupational and entertainment opportunities within 15 minutes. The city of Placentia also offers a variety of well-paying, industrial, manufacturing and engineering jobs within a short commute ofthe West La Jolla Townhomes. Nearby shopping centers include Sycamore Plaza, Granada Square, Anaheim Town Square, and Fullerton Crossings.

Listing Agent

Jason Kirklen

Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 03/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2018

Lot Details

  • 0.49 Acre Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 16 Open Parking Spaces
  • 20 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 13,758 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Rain Gutters
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 17240
  • Assessor Parcel Number 34401112
  • $1,051 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $15,547
  • Maintenance Expense $5,000
  • Pest Control $2,030
  • Trash Expense $2,640
  • Water Sewer Expense $5,256
  • New Taxes Expense $84,675
  • Operating Expense $120,499
  • Gross Income $4,800,000
  • Net Operating Income $345,101

Property Details

Home Type

Multi-Family

Year Built

Built in 2018

Lot Details

0

Parking

20

Listing Details

  • CapRate: 4.31
  • Price Per Unit: 800000
  • Property Attached: Yes
  • Water Sewer Expenses: 5256.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 34401112
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 581.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 20.00
  • Total Parking Spaces: 36.00
  • Uncovered Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 2030.00
  • Sewer: Public Sewer
  • Trash Expense: 2640.00
  • 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: 11-15 Units/Acre
  • Lot Size Sq Ft: 21344.00
  • Lot Size Acres: 0.4900

Multi Family

  • Gross Income: 4800000.00
  • Gross Multiplier: 16.67
  • Gross Operating Income: 465600.00
  • Gross Scheduled Income: 480000.00
  • Insurance Expense: 15547.00
  • Lot Size Area: 21344.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 345101.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 120499.00
  • Rent Control: No
  • Total Expenses: 120499.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 84675.00
  • Tax Census Tract: 117.20
  • Tax Lot: 1
  • Tax Tract Number: 17240
  • TaxOtherAnnualAssessmentAmount: 1051.00

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
06/12/2025 06/12/25 For Sale $8,000,000 0.0% $581 / Sq Ft
05/12/2025 05/12/25 Off Market $8,000,000 -- --
03/19/2025 03/19/25 For Sale $8,000,000 -- $581 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25060164

California Regional Multiple Listing Service (CRMLS)