9450 Holder St, Buena Park, CA

Sep 26, 2010 | No Responses

PROPERTY DESCRIPTION:

These pristine, multifamily units provide the discerning investor with a safe, modern and profitable income property. With 60% two-bedroom apartments, a stabilized and secure tenant-base and zero deferred maintenance, Holder Garden Apartments are a true pride-of-ownership property.
The grounds are protected by a card-key security gate, and stretch back over 200 yards from the street, providing tenants with privacy
and a quiet, park-like atmosphere. Each unit is air-conditioned, and has a dishwasher, disposal and ceramic countertops. Over 80% have been completely remodeled. Holder Garden Apartments offer the investor a property and a location of rare quality.

LOCATION DESCRIPTION

Holder Garden Apartments are located across the street from Cypress Jr. College, on the border of Cypress and BP. This superb location is central to major employment centers and only moments from Freeways (5, 91 and 405). Long Beach is 20 minutes away
and John Wayne Airport is just an 18 mile drive. Disneyland, a major So. CA tourist attraction and employer, is just  5 miles away in Anaheim.

PROPERTY FEATURES

• 1986 Construction
• 60% Two-Bedroom Units
• New Roof
• 80% Rehabbed (new everything!)
• Separately-Metered
• Security-Gate

MULTIFAMILY OFFERING

Asking Price ……………. $3,939,000
Number of Units ………….. 22 Units
Year Built ………………………… 1986
Cost Per Unit …………….. $179,045
Cost Per Square Foot …. $192,000
Gross Rent Multiplier (GRM)…11.49
Actual Cap Rate …………….. 5.71%
Market Cap Rate ………………6.39%

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