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200 E Florence Ave, La Habra, CA 90631
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200 E Florence Ave La Habra, CA 90631

$1,460,000 Sold Price as of 08/04/2020
  • 9 Beds
  • 7 Baths
  • 4,783 Sq.Ft.
Sold
$1,460,000 Sold Price as of 08/04/2020 Refinance Your Mortgage
Map preview of 200 E Florence Ave, La Habra, CA 90631

Property Overview: 200 E Florence Ave La Habra, CA has 9 bedrooms, 7 bathrooms, 4,783 living square feet and 12,993 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Florence Apartments has been extensively renovated in 2019 and 2020. The owners have thoroughly renovated every facet of the property, including: roof, landscape, parking, building structure and significant interior upgrades. The Florence Apartments offer an astute investor the opportunity to purchase an income producing property with brand new tenants and strong rents in a unique growing market. The building itself stands as the only multiunit property in the entire northeast corner of Euclid and La Habra Blvd. The asset’s location, unique layout, and pristine condition, afford a new investor the coveted ability to command top of the market rents for the future. Realistic 4.7% Cap Rate on current rents, all rents paid in full!

Listed by Gary Tolfa | BRE #00955403 | Triqor Group
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
12,993
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20094649
City
La Habra
County
Orange
Time on Site
1410 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,085
  • Total Rent: $4,170
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.7%
  • Gross Rent Multiplier: 14.59
  • Gross Scheduled Income: $102,480
  • Net Operating Income: $70,646
  • Gross Operating Income: $99,406
  • Vacancy Allowance: $3,074
Annual Expense Breakdown
  • Total Operating Expense: $28,760
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 200 E Florence Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Landscaped
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 02207539
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please Contact Listing Agent For All Directions
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local La Habra Agent

Sale History for 200 E Florence Ave

Last sold for $1,460,000 on August 4th, 2020

  • August, 2020

  • Aug 5, 2020

    Date

    Sold

    CRMLS: PW20094649

    $1,460,000

    Price

  • May 18, 2020

    Date

    Active

    CRMLS: PW20094649

    $1,495,000

    Price

  • March, 2020

  • Mar 19, 2020

    Date

    Canceled

    CRMLS: PW20046159

    $1,495,000

    Price

  • Mar 2, 2020

    Date

    Active

    CRMLS: PW20046159

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    The Florence Apartments has been extensively renovated in 2019 and 2020. The owners have thoroughly renovated every facet of the property, including: roof, landscape, parking, building structure and significant interior upgrades. The Florence Apartments offer an astute investor the opportunity to purchase an income producing property with brand new tenants and strong rents in a unique growing market. The building itself stands as the only multiunit property in the entire northeast corner of Euclid and La Habra Blvd. The asset’s location, unique layout, and pristine condition, afford a new investor the coveted ability to command top of the market rents for the future.

  • November, 2019

  • Nov 22, 2019

    Date

    Sold

    CRMLS: PW19258575

    $1,146,500

    Price

  • Nov 12, 2019

    Date

    Pending

    CRMLS: PW19258575

    $1,100,000

    Price

  • Nov 10, 2019

    Date

    Hold

    CRMLS: PW19258575

    $1,100,000

    Price

  • Nov 6, 2019

    Date

    Active

    CRMLS: PW19258575

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible investment opportunity with this rare four-plex in the heart of La Habra. Surrounded by mostly single family homes and new residential development, this is the perfect area to own property. Walking distance to the La Habra Community Center, Police Station, El Centro-Lions Park, the Library and several restaurants and shopping. And with long-term tenants already in place, you will be purchasing a property that can continue to grow. Currently the Landlord covers the cost for water/trash. Unit A is 3 bed / 2 bath; Unit B is 2 bed / 1 bath; Unit C is a 2 bed / 1.5 bath; Unit D is 2 bed / 1.5 bath (buyer to verify bed/bath count and sqft of each)

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Tax History for 200 E Florence Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

200 E Florence Ave sold on August 4, 2020 for 69.89% higher than the current median sold price for the city of La Habra which is $880,000. The median sold price per/sqft for La Habra is $563 and this home is sold at $312.57 per/sqft which puts the price per square foot 44.48% lower than the current median sale per square foot for the city of La Habra.

About 200 E Florence Ave

Detailed summary of property

200 E Florence Ave is a multi family that recently sold in La Habra, CA 90631. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,783 living square feet, and sits on an approximately 12,993 square foot lot. 200 E Florence Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,460,000. Home in La Habra are selling for a median price of $880,000 and a median price per square foot of $563. Based on Ardent Real Estate Group's La Habra Market Data, this home is sold 69.89% higher than the current median priced home. Local homes that are currently for sale include 7718 Bright Ave, 6728 Friends Ave and 6728 Friends Ave. While the average home in La Habra, CA is selling in 65 days, 200 E Florence Ave has a days on market of 36 days. There are currently 75 homes for sale in the La Habra real estate market and 42 of them are single family homes while 23 of them are condos and 10 are townhomes. For more information on this home for sale at 200 E Florence Ave La Habra, CA 90631 contact Ardent Real Estate Group and we will put you in touch with one of our La Habra agents.

Public Facts for 200 E Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90631 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$895,000
Median List Price/Sq.Ft.
$525
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$551
Total Inventory
99
Median Sale to List Price %
105.56%
Avg Days on Market
14
Loan Type
Conventional (71.43%), FHA (0%), VA (0%), Cash (8.57%), Other (14.29%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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