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Listed by Jason Kirklen, DRE #01939655 • Kirklen Investment Group
$ 8,750,000
Est. payment | /mo
0.73 Acres Lot
$ 8,750,000
Est. payment | /mo
0.73 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26126398
Year Built 1959
Lot Size 0.730 Acres
Source California Regional MLS
Property Description
The Courtyard Apartments is a 32-unit apartment property offering a rare opportunity to acquire a sizeable multifamily asset comprised of four separate, but contiguous 8-unit buildings. Built in 1959, the property features a clean and efficient unit mix of all one-bedroom, one-bathroom units, making it well-positioned to serve a broad renter base seeking functional and affordable apartment living. The two-story buildings are improved with pitched roofs, providing both architectural character and long-term ownership appeal. The property also benefits from 32 open surface parking spaces, offering one parking space per units, in addition to ample street parking due to the surrounding lower-density neighborhood. This parking availability is a meaningful advantage for residents and enhances the overall tenant experience. A key operational feature of The Courtyard Apartments is the existing on-site laundry facilities, which provides residents with added convenience while creating an additional income stream for ownership. Further upside exists through the existing washer and dryer hookups already located inside each unit, allowing a new owner the potential to implement in-unit laundry options over time to further enhance tenant appeal and support future rent growth. With its desirab
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Heating Forced Air
Laundry Laundry Area, Community Facility
Exterior
Garage Spaces 32.0
Pool None
Building
Water District - Public
Others
Tax ID 03717315
Special Listing Condition Not Applicable
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