301 -311 Grace Ave, La Habra, CA 90631

Property Description

Price Reduced to $616K per duplex-priced below recent La Habra duplex sales closing between $625-655K - see comparable sales in this brochure. The Grace Avenue Cottages are three Pride of Ownership, side-by-side, legal duplexes located on three separate lots in the city of La Habra, Orange County. The subject property is comprised of six total units, with two single-story, detached homes per lot. Each detached home is a spacious two bedroom, one bath with: patio, washer and dryer hook ups, wall AC & Heat, separate water heater and separate water/gas/electric meter for each tenant. Tenants pay all utilities including trash - NO landlord utility costs for low landlord expenses. The subject property has been highly remodeled inside and out and in absolute turnkey condition; 2018 upgrades include: six brand new Title 24 Energy Efficient/Heat Reflecting Roofs, new vinyl energy efficient windows, new 14,000 BTU wall AC, new exterior paint, new exterior LED lighting, new concrete driveways & parking areas, newer vinyl fencing and drought-resistant landscaping. Interior upgrades include: newer kitchen cabinets, newer granite counter-tops, tile flooring throughout. The Grace Ave Cottages offers the savvy investor a stable turnkey investment, with the options of pursuing residential 30 yr. financing or 5+ multifamily family financing – also available is an assumable, private party 1st TD at 6.5% IO with an approximate loan balance of $1,031,250, subject to lender approval of new buyer.