7222 Melrose Street, Buena Park, CA 90621

$5,850,000
15,384
SqFt
List Price
$5,850,000
Status
ACTIVE UNDER CONTRACT
MLS#
PW20225099
Year Built
1987
Living Sq. Ft
15,384
Lot Size
30,056
Acres
0.69
Lot Location
21-25 Units/Acre
Days on Market
38
Property Type
Multifamily
Stories
One Level, Two Levels
Builders Tract Code
Other
Neighborhood
Other (Othr)

Property Description

Built in 1987 pride of ownership. This senior/55+ apartment building is quiet, friendly and low maintenance with long term tenants. Each unit is 1bd/1bath with included washer/dryer, wall A/C and owner provided cable TV. Individually metered for gas and electric. Onsite parking through gated entry. Below market rents provide opportunity for more cash flow with rent raises. Large shaded common area great for relaxing and socializing. Minutes from 91 and 5 freeways. Walking distance to The Source - Southern California’s newest lifestyle and entertainment destination, offering a unique, innovative dining, retail, and entertainment experience that is unprecedented in Southern California.

Additional Information

Tract Number
848
Lot Description
Automatic Gate, Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s), Suburban
Appliances
Dishwasher, Gas Range, Range Hood
Pool Description
None
Fireplace Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s), Electric
Roof
Composition, Shingle
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
24
Gross Scheduled Income
$329,880
Operating Expense
142096
Unit One Total Units
24
Unit One Beds
1
Unit One Baths
1
Unit One Garage Spaces
22.00
Unit One Actual Rent
1145.00
Unit One Total Rent
27490.00
Unit One Pro Forma
1500
Unit One Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of David Schwier from David Schwier, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.