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$ 3,300,000
Est. payment | /mo
8 Beds
8 Baths
0.41 Acres Lot
$ 3,300,000
Est. payment | /mo
8 Beds
8 Baths
0.41 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP25088945
Bedrooms 8
HOA Y/N No
Lot Size 0.411 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
5882 Western Avenue is a desirable investment property consisting of nine 2-bedroom 2-bathroom apartment homes with spacious living interiors averaging roughly 1,000 square feet each. The size of the floor plans with the additional second bathroom, attract tenants, produce solid rents and encourages longer-term occupancy. Built in 1985 on an oversized, 18,956 square foot parcel of land, the property consists of two buildings set back from the street. The large lot and design layout provide a low-density, quiet residential living environment with excellent parking, (9) garages and (9) open spaces (2 to 1 Parking Ratio). There are 8 storage rooms on-site for additional rental income or for a potential ADU conversion. Well located in northwest Orange County, near the cross streets of Beach Blvd and Artesia Blvd, the property is roughly 21 miles southeast of Los Angeles, with easy access to both the 91 and 5 freeways. The strong local economy includes the Entertainment Corridor, which contains a variety of well-known attractions, including Knotts Berry Farm, Medieval Times Dinner, several hotels, and other secured development plans for several more exciting entertainment and lodging venues.
5882 Western Avenue is a desirable investment property consisting of nine 2-bedroom 2-bathroom apartment homes with spacious living interiors averaging roughly 1,000 square feet each. The size of the floor plans with the additional second bathroom, attract tenants, produce solid rents and encourages longer-term occupancy. Built in 1985 on an oversized, 18,956 square foot parcel of land, the property consists of two buildings set back from the street. The large lot and design layout provide a low-density, quiet residential living environment with excellent parking, (9) garages and (9) open spaces (2 to 1 Parking Ratio). There are 8 storage rooms on-site for additional rental income or for a potential ADU conversion. Well located in northwest Orange County, near the cross streets of Beach Blvd and Artesia Blvd, the property is roughly 21 miles southeast of Los Angeles, with easy access to both the 91 and 5 freeways. The strong local economy includes the Entertainment Corridor, which contains a variety of well-known attractions, including Knotts Berry Farm, Medieval Times Dinner, several hotels, and other secured development plans for several more exciting entertainment and lodging venues.
5882 Western Avenue is a desirable investment property consisting of nine 2-bedroom 2-bathroom apartment homes with spacious living interiors averaging roughly 1,000 square feet each. The size of the floor plans with the additional second bathroom, attract tenants, produce solid rents and encourages longer-term occupancy. Built in 1985 on an oversized, 18,956 square foot parcel of land, the property consists of two buildings set back from the street. The large lot and design layout provide a low-density, quiet residential living environment with excellent parking, (9) garages and (9) open spaces (2 to 1 Parking Ratio). There are 8 storage rooms on-site for additional rental income or for a potential ADU conversion. Well located in northwest Orange County, near the cross streets of Beach Blvd and Artesia Blvd, the property is roughly 21 miles southeast of Los Angeles, with easy access to both the 91 and 5 freeways. The strong local economy includes the Entertainment Corridor, which contains a variety of well-known attractions, including Knotts Berry Farm, Medieval Times Dinner, several hotels, and other secured development plans for several more exciting entertainment and lodging venues.
Location
State CA
County Orange
Area Oc - Buena Park (90621)
Zoning Public Rec
Building
Lot Description Curbs, Sidewalks
Story 2
Others
Space Rent $2,500
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Listed by Ignacio Diaz Jr. • Investment Capital Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "