$5,325,000
$5,850,000
9.0%For more information regarding the value of a property, please contact us for a free consultation.
7222 Melrose ST Buena Park, CA 90621
15,384 SqFt
Key Details
Sold Price $5,325,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,384 sqft
Price per Sqft $346
Subdivision Other (Othr)
MLS Listing ID PW20225099
Sold Date 12/07/20
Construction Status Turnkey
HOA Y/N No
Year Built 1987
Lot Size 0.690 Acres
Acres 0.69
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.
Location
State CA
County Orange
Area 82 - Buena Park
Rooms
Ensuite Laundry Inside, Stacked
Interior
Laundry Location Inside,Stacked
Heating Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Range Hood, Dryer, Washer
Laundry Inside, Stacked
Exterior
Garage Assigned, Covered, Carport, Electric Gate, Garage, Off Street
Garage Spaces 4.0
Carport Spaces 18
Garage Description 4.0
Pool None
Community Features Suburban, Gated
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition,Shingle
Parking Type Assigned, Covered, Carport, Electric Gate, Garage, Off Street
Total Parking Spaces 25
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 2
Entry Level One,Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Construction Status Turnkey
Others
Senior Community Yes
Tax ID 27638203
Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with David Schwier • David Schwier, Broker