Garden Grove 4 units For Sale

Deal of the Day:

4 Covington style units for sale at a very attractive price of $1.2M - a couple miles from Disneyland, next to The Outlets at Orange and near the Angels / Ducks stadiums. Excellent job center location. 

Ideal unit mix * large building * good lot size * nice street * conforming rate financing available

Call me for details - this is the deal of the week - perfect investment property or 1031 Exchange. - Mario Pinedo - Apartment Broker - 415-269-6249 - KW Commercial DRE 01118365

Tustin - Irvine Adjacent - Fourplex for Sale

Deals I Like:

Very well priced and high quality four unit building in Tustin at the border of Irvine for sale. Rents are very low. Great upside on turn overs and renovations. Ideal unit mix. Asking $1.3M  Well within the conventional loan limits for better financing. No real options to buy a building in blossoming Irvine unless you are the Irvine Company.  Irvine's jobs and new commercial construction at the District will keep pushing rents up.  Let's walk this property and see why you should own it. 

Huntington Beach 3 unit apartment building for sale

This is a very well located, well-constructed property perfect for an owner-occupied user or a straight high quality investment. Good unit mix of a 3 bed in the front and two townhouse style 2 bedroom units in the back. Garage parking and decent open space parking. The quiet street in the front provides excellent parking too. This property needs some work to bring it to market rate rents, but the structural bones are there.
I would clean up the over grown bushes and trees, paint the building and replace the single pane windows to start. Let me know if you want to see this deal or others in Orange County.

USC area 4plex Fixer Apartment Building for Sale

4 one bedroom units near USC sale - needs extensive remodeling - but good value. Let me know if you want to see it. $689,000 * 2,224 sf * 6,510 lot size * built in 1920 * large usable lot for parking or expansion.

Expensive Apartment Investment Market in West Valley

It's amazing how expensive the apartment investment market has become in West Santa Clara County. As of today on the MLS, between Los Gatos, West San Jose, Campbell, Saratoga, Cupertino, Santa Clara and Mountain View, there are only two available four unit buildings for sale. One is in premier down town Los Gatos - but priced at approximately $891 per foot (that's rich) and the other is on Temple near Almaden Expressway and Blossom Hill - a fourplex listed for $1,250,000 (that's rich too). There are 10 buildings in escrow in those same areas from 3 units to 22. So basically, whatever hits the market generates an acceptable offer quickly.

It's definitely a good time to sell to maximize value!

Now we should talk about where to buy an apartment building investment property. I have a few suggestions.

There are other parts of California to consider (LA County, Orange County, San Diego County) that have high occupancy rates, good economics and increasing rental rates at far lower costs to acquire. Example: for $799000 you can easily acquire a four unit building in Orange County, Consider 3,100 square feet on a 9,500 sq lot with $57,600 in current rents.

Remember Southwest Airlines costs $72 per leg if you book in advance! Let me know if you want to review some real time examples.

Two Large Lot Mid-Century Aparment Investments in Orange County for Sale

Probate sale of two nearby multi-family properties - all bungalow style duplexes on large lots in Orange, CA. These are well located fully occupied investment properties available for sale via an approved probate process. The large lots, single story, duplex/bungalow units generate longer term tenancies due to more personal space and no up/down tenants. Perfect properties to have private patios & yards. Excellent parking too. Outstanding 1031 exchange replacement properties. For more info on these rare apartment properties, call Mario Pinedo on his cell 415-269-6249.

3 Multi-Family Rental Investment Units for Sale in Grass Valley, CA

There is a very nice rental property investment in Grass Valley, CA for sale. On one lot is a single family home + a duplex building behind. Three stabilized rental units for $357,950.  Excellent 1031 exchange replacement property. Professionally managed currently and can be continued. Beautiful foothills town of Grass Valley is a retirement destination for many San Francisco Bay Area residents. For more info, please call 415-269-6249.

Nice 4plex for Sale in San Jose!

4,088 square feet on an excellent street in San Jose's Cambrian area for $1,279,000 just hit the market.  Very nice quality property and size for the $$$. For more deals that I like in Silicon Valley, The Bay Area or abroad - give me a call 415-269-6249.

Apartment Investments Orange County Southern California

I have recently been comparing apartment investment opportunities in the San Francisco Bay Area to Southern California. The Bay Area (and especially Silicon Valley, The Peninsula and San Francisco) is offering very low rates of return. Also decent investment properties are hard to come by with lots of buyers chasing deals.
These same dynamics are also happening in west Los Angeles. This area is in huge demand causing cap rates to be very compressed.
Alternatives to these areas are southern LA county and most parts of Orange County.
Solid, stable apartment buildings can be purchased in the low $200 per foot range. Fourplexes routinely can be found in the $700,000 price range for 3,500 square foot buildings in decent areas.
There are also great coastal locations with apartment buildings perfectly suited for 1031 exchanges. These premier locations can provide great rental rates and occupancy with potential owner-user unit allocations.

Great Opportunity in the Multi-Family Market

This distressed four-plex represents a real opportunity for an investor. The 3,200 square foot building was built in 1963 and sits on a nicely sized 7,104 square foot lot. Although the property is currently vacant, this highly desirable Cambrian neighborhood will ensure a quick occupancy. Currently on the market for $599,000 this property represents a real value, especially when you consider it last traded in 2006 for $828,000 which correlates to a 38% reduction in price. This investment opportunity won't last long contact the MPIRES group for more information or to schedule a tour.