14871 Van Buren St. Street
Midway City, CA 92655
- – beds
- – baths
- – sqft
- 7,841 sqft lot
- 1988 build
- – on site
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The Van Buren Apartments is a 4+1 Unit apartment complex built in 1988 in the heart of Midway City. This unique opportunity affords a prospective buyer the ability to obtain a 2-4 unit residential loan, and enjoy the benefits of a 5th non-conforming unit. The subject lot has 9 total parking spaced including 4 garages. The Asset's interiors and exterior have been extensively renovated over the past year. All 5 units have been turned within the last 2 years, including a newly rehabilitated 2 bedroom 2.5 bath town-home style unit. Other rehabilitation areas include: exterior paint, landscaping, garage/storage doors, carport, and a brand new roof. All aspects of the building are in excellent condition, this is a turnkey asset. The Van Buren Apartments offer an astute investor the opportunity to purchase an income producing property with strong rents in a unique growing market. The property has only sold once since its development. The complex is located in a quiet residential neighborhood just off of Bolsa and Beach Blvd. The area has a handful of brand new developments, including a block-long affirmed housing complex built in 2020. With attractive Interest Only financing, a new investor can achieve a 6%+ cash on cash return at full list price.
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Last updated Apr 23, 2024
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MLS# NP21069473 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/14/21
Jun 14, 2021
|
Sold | CRMLS_CA | $1,740,000 | -3.1% |
|
5/28/21
May 28, 2021
|
Pending | CRMLS_CA | $1,795,000 | |
|
4/27/21
Apr 27, 2021
|
Price Changed | CRMLS_CA | $1,795,000 | -3.0% |