601 E Birch St, Brea, CA 92821
Image 2 for 601 E Birch St, Brea, CA 92821
Image 3 for 601 E Birch St, Brea, CA 92821
View Photos

601 E Birch St Brea, CA 92821

$13,605,000 Sold Price as of 05/04/2023
  • 40 Beds
  • 36 Baths
  • 20,289 Sq.Ft.
Sold
$13,605,000 Sold Price as of 05/04/2023 Refinance Your Mortgage

Map preview of 601 E Birch St, Brea, CA 92821

Property Overview: 601 E Birch St Brea, CA has 40 bedrooms, 36 bathrooms, 20,289 living square feet and 32,670 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Birch Terrace Apartments is a 36-unit multifamily investment property located at 601, 613, and 617 East Birch Street in Brea, CA. Built in 1964, but completely renovated over the last two years, Birch Terrace Apartments represents a turnkey investment opportunity. Current ownership has invested significant capital into improvements at the property to provide a luxury living experience to its residents. The well-maintained exterior features fresh paint, a recently upgraded monument sign, all vinyl windows, and an immaculately landscaped front yard. All units have been renovated with high-quality finishes and upgrades including new appliances, flooring, cabinetry, paint, and more. Residents enjoy the property’s proximity to an abundance of local amenities including popular restaurants, entertainment venues, and shopping destinations. The property is situated within walking distance of the Brea Marketplace, Brea Mall, and Brea Downtown, providing convenient access to everyday needs. Additionally, the property is located just 0.75 miles from the junction of State Route 57 and Imperial Highway. Brea’s excellent north Orange County location near Los Angeles County has made it one of Southern California’s most desirable and versatile markets.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 4 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
32,670
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
OC23025718
City
Brea
County
Orange
Time on Site
582 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 36
  • Total # of Buildings: 4
  • # of Leased Units: 36
  • # of Electric Meters: 36
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 32
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $67,189
  • Total Rent: $67,189
  • Pro Forma/Market Rent: $73,440
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,712
  • Total Rent: $7,712
  • Pro Forma/Market Rent: $8,385
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $932,352
  • Net Operating Income: $627,427
  • Gross Operating Income: $928,381
  • Vacancy Allowance: $27,971
  • Other Income 1: $24,000
  • Other Income Description: RUBS
Annual Expense Breakdown
  • Total Operating Expense: $300,954
  • Electric: $9,509
  • Gas/Fuel: $9,509
  • New Taxes: $158,072
  • Trash: $9,509
  • Insurance: $8,308
  • Maintenance: $20,000
  • Professional Management: $32,493
  • Water/Sewer: $9,511
  • Other Expenses: $44,043
  • Other Expense Description: Misc

Property Details for 601 E Birch St

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 36
Lot Information
  • Lot Features: Landscaped, Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 36
  • Parcel Number: 31923428
  • Year Built Source: Assessor
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: South Poplar Avenue & East Birch Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Brea Agent

Loading...

Sale History for 601 E Birch St

Last sold for $13,605,000 on May 4th, 2023
  • May, 2023

  • May 4, 2023

    Date

    Sold

    CRMLS: OC23025718

    $13,605,000

    Price

  • Feb 14, 2023

    Date

    Active

    CRMLS: OC23025718

    $14,365,000

    Price

Tax History for 601 E Birch St

Assessed Value (2020): $369,807
Year Land Value Improved Value Assessed Value
2020 $110,942 $258,865 $369,807

Home Value Compared to the Market

This property vs the competition

601 E Birch St sold on May 4, 2023 for 1112.24% higher than the current median sold price for the city of Brea which is $1,185,000. The median sold price per/sqft for Brea is $595 and this home is sold at $708.02 per/sqft which puts the price per square foot 18.99% higher than the current median sale per square foot for the city of Brea.

About 601 E Birch St

Detailed summary of property

601 E Birch St is a apartment that recently sold in Brea, CA 92821. This apartment offered 40 bedrooms, 36 bathrooms, roughly 20,289 living square feet, and sits on an approximately 32,670 square foot lot. 601 E Birch St was first listed on ArdentRealEstateGroup.com on February 14, 2023. The homeowner sold the property for $13,605,000. Home in Brea are selling for a median price of $1,185,000 and a median price per square foot of $595. Based on Ardent Real Estate Group's Brea Market Data, this home is sold 1112.24% higher than the current median priced home. Local homes that are currently for sale include 1903 Orchid Ave, 4641-4645 arlington Ave and 1005 N Croft Ave. While the average home in Brea, CA is selling in 41 days, 601 E Birch St has a days on market of 28 days. There are currently 71 homes for sale in the Brea real estate market and 54 of them are single family homes while 11 of them are condos and 6 are townhomes. For more information on this home for sale at 601 E Birch St Brea, CA 92821 contact Ardent Real Estate Group and we will put you in touch with one of our Brea agents.

Public Facts for 601 E Birch St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
9,147
Lot Size
14,037
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
47
APN
319-234-28

The source for these homes facts are from public records.

92821 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,059,000
Median List Price/Sq.Ft.
$573
Median Sold Price
$1,066,000
Median Sold Price/Sq.Ft.
$569
Total Inventory
60
Median Sale to List Price %
106.6%
Avg Days on Market
18
Loan Type
Conventional (61.11%), FHA (11.11%), VA (0%), Cash (5.56%), Other (22.22%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

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.