$19,025,000
$21,300,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
2.06 Acres Lot
SOLD DATE : 10/05/2022
Key Details
Sold Price $19,025,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22111244
Sold Date 10/05/22
HOA Y/N No
Year Built 1971
Lot Size 2.060 Acres
Property Description
Village Courtyard Apartments is a 58-unit, value-add multifamily investment property located in Stanton, CA. Built in 1971, Village Courtyard Apartments offers a desirable unit mix consisting of one, two, and three-bedroom floor plans. The property offers amenities including controlled access, a swimming pool, well-maintained landscaping and exterior, surface, garage, and carport parking, and on-site laundry. Additionally, there is ample opportunity for a new owner to begin a comprehensive renovation plan that should generate a substantial increase in rental income. Village Courtyard Apartments has an excellent north Orange County location, placing the property in close proximity to some of Orange County’s most popular attractions, such as Knott’s Berry Farm and Disneyland. Additionally, the property is within a 0.70-mile radius of all three levels of schooling. The property is located 1.40 miles from The Promenade, providing residents with convenient access to shopping, dining, and entertainment options. Furthermore, the property is located adjacent to Beach Boulevard and just over 1.30 miles from State Route 22, providing residents with easy access to employment hubs throughout Orange County.
Location
State CA
County Orange
Area 699 - Not Defined
Zoning R-3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 46.0
Carport Spaces 12
Garage Description 46.0
Pool Community
Community Features Curbs, Sidewalks, Pool
Total Parking Spaces 90
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 13124143
Energy Description 19831.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest