Multifamily

Monterra Springs Apartment Homes

Listing Price: Request For Offer

Number of Units
111
Gross SF
93,310

Investment Overview

NET OPERATING INCOME AND EXPENSES EXCLUDES REAL ESTATE TAXES. FOR ACTUAL FINANCIALS SEE MARKETING PACKAGE OR LISTING BROKER. Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Monterra Springs Apartment Homes, a 111-unit multifamily investment property located in La Habra, CA. This is a unique and rare opportunity to acquire an institutionally sized asset with proven value-add potential in La Habra, a submarket with limited historical transactional velocity. Approximately 67.5 percent of the property’s 111 units have been completely renovated, helping management to achieve substantial rental premiums. A new owner will have the opportunity to achieve further rental upside through the continuation of this comprehensive interior renovation program. As proven by the rental gains on the renovated units, modernizing the apartment interiors will elevate Monterra Springs Apartment Homes to a higher standard of rental living and yield investors a substantial monthly rental premium.

Investment Highlights

  • Represents the Only Active Listing of 100+ Units in Orange County
  • Offers Well-Designed Floor Plans, Ranging from One-Bedroom Flats to Four-Bedroom Townhomes
  • Luxury Amenity Package with a Resort-Style Pool, Modern Sundeck, Lush Courtyards, On-Site Laundry, a Fitness Center, & Controlled Access
  • 67.5% of the Property's Units have Been Fully Renovated
  • Within Walking Distance to 3 Regional Shopping Centers, Providing Residents with East Access to a Variety of Restaurants, Retailers, & Entertainment Options

Exclusively Listed By

Multifamily

Monterra Springs Apartment Homes

Listing Price: Request For Offer

Number of Units
111
Gross SF
93,310

Investment Highlights

  • Represents the Only Active Listing of 100+ Units in Orange County
  • Offers Well-Designed Floor Plans, Ranging from One-Bedroom Flats to Four-Bedroom Townhomes
  • Luxury Amenity Package with a Resort-Style Pool, Modern Sundeck, Lush Courtyards, On-Site Laundry, a Fitness Center, & Controlled Access
  • 67.5% of the Property's Units have Been Fully Renovated
  • Within Walking Distance to 3 Regional Shopping Centers, Providing Residents with East Access to a Variety of Restaurants, Retailers, & Entertainment Options

Investment Overview

NET OPERATING INCOME AND EXPENSES EXCLUDES REAL ESTATE TAXES. FOR ACTUAL FINANCIALS SEE MARKETING PACKAGE OR LISTING BROKER. Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Monterra Springs Apartment Homes, a 111-unit multifamily investment property located in La Habra, CA. This is a unique and rare opportunity to acquire an institutionally sized asset with proven value-add potential in La Habra, a submarket with limited historical transactional velocity. Approximately 67.5 percent of the property’s 111 units have been completely renovated, helping management to achieve substantial rental premiums. A new owner will have the opportunity to achieve further rental upside through the continuation of this comprehensive interior renovation program. As proven by the rental gains on the renovated units, modernizing the apartment interiors will elevate Monterra Springs Apartment Homes to a higher standard of rental living and yield investors a substantial monthly rental premium.

Exclusively Listed By

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