504 Highlander Avenue, La Habra, CA 90631

$875,000
List Price
$875,000
MLS#
CV22216384
Status
ACTIVE
Type
Multifamily

Property Description

Fantastic opportunity to own a highly profitable, income producing property. Located in a charming neighborhood of west La Habra, this 2-unit Mixed-Use commercial building sits on a corner lot. It contains a mini-mart attached to a single family residence. Unit 1: The commercial space is currently leased for $2100/month, with annual increases at 5% per year to a credit worthy tenant. Unit 2: Is a 2 Bedroom /2 Bathroom attached SFR with an office being used by the current owner. Both bathrooms and the kitchen have recently been renovated. There is a detached 1-car garage (currently being used as storage), a carport, a utility shed, and an RV on the property. The RV access is through alleyway at the rear of the property. The house can be delivered vacant, or the current owner is willing to rent back for the market rent of $2700/month for up to 6 months. New Roof. New A/C, and EV Charger for SFR. Each unit has separate electric meters, with the single family residence having its own solar panels (owned). This is a great add to any portfolio. At a 6.61% cap rate with scheduled rent increases each year, the income on this property makes it a truly turnkey investment.

Mortgage Calculator

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Courtesy of KEVIN GIBBS, BROKER, Kevin Gibbs.