216 W Santa Fe Ave - Apartments FOR SALE


Placentia, CA 92870
$1,995,000 USD
310-488-9826
216 W Santa Fe Ave, Placentia, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/12
null | 5.3% Cap Rate

216 W Santa Fe Ave
Placentia, CA 92870


HIGHLIGHTS

  • Mixed Use Residential & Commercial
  • Commercial Business included in the sale.
  • Center of Old Town Placentia downtown in the heart of massive gentrification project including Old Town Streetscape, Metro Hub, entertainment district
  • Add value. Increase rents or build 2 more stories add housing.
  • Opportunity Zone.

OVERVIEW

Mixed Use Building in the heart of Old Town Placentia downtown. Add Value & Opportunity Zone. Mass area gentrification. Live, Work, Play! 6 residential & 1 commercial unit. Commercial Business included in sale. Additional income from business ownership. Laundromat: $66,770/mo. & 6 Residential Units: $86,940/mo. Total Income: $153,710. A unique opportunity to get in front of & be a part of a massive revitalization project which will completely transform this area to a one-of-a kind destination. Help shape the area w/ your own vision. Property is located directly in "ground zero" of the City of Placentia's multi faceted revitalization. New approved Metrolink Station & new parking structure directly in the rear of the subject property. New Packing House District Plan & the New Old Town Placentia Revitalization Plan & Streetscape approved & in place. Once in a lifetime opportunity. City of Placentia description video https://youtu.be/QaZnOg3YeJA

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$532 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,000

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,750 SF

ZONING

-

APN/PARCEL ID

339-393-06

ASK ABOUT THIS PROPERTY

Richard KasColdwell Banker RealtyMore Info
310-488-9826

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Richard KasColdwell Banker RealtyMore Info
310-488-9826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.