Description

This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Sunny Hills Pre-School, Carl Gilbert Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange. Built in 1960, the property had a major interior and exterior renovation in 2022-2023. The complex has a great unit mix of eleven two-bed one-bath units, and thirteen one-bed one-bath units. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. There is no tuck under parking. Each unit is separately metered for gas and electricity. The building is equipped with a solar heating system for the building hot water, which includes 13 solar panels and a 1000-gallon tank. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new resurfaced pool area, new pool furniture, new landscaping, some new fencing and paint, new windows, and new wall air conditioning. The complex is conveniently located less than 3 miles from Knotty Berry Farm, Knott’s Soak City, Medieval Times, Pirates Adventure, Porto's Bakery, and the Buena Park entertainment zone. The property is also less than a mile from many major retail centers and employment opportunities.