601 613, 617 E Birch Street, Brea, CA 92821

$13,605,000
Sold Price
$13,605,000
List Price
$14,365,000
Closing Date
May 04, 2023
Status
CLOSED
MLS#
OC23025718
Year Built
1964
Lot Size
32,670
Acres
0.75
Lot Location
Landscaped, Street Level
Days on Market
27
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

Birch Terrace Apartments is a 36-unit multifamily investment property located at 601, 613, and 617 East Birch Street in Brea, CA. Built in 1964, but completely renovated over the last two years, Birch Terrace Apartments represents a turnkey investment opportunity. Current ownership has invested significant capital into improvements at the property to provide a luxury living experience to its residents. The well-maintained exterior features fresh paint, a recently upgraded monument sign, all vinyl windows, and an immaculately landscaped front yard. All units have been renovated with high-quality finishes and upgrades including new appliances, flooring, cabinetry, paint, and more. Residents enjoy the property’s proximity to an abundance of local amenities including popular restaurants, entertainment venues, and shopping destinations. The property is situated within walking distance of the Brea Marketplace, Brea Mall, and Brea Downtown, providing convenient access to everyday needs. Additionally, the property is located just 0.75 miles from the junction of State Route 57 and Imperial Highway. Brea’s excellent north Orange County location near Los Angeles County has made it one of Southern California’s most desirable and versatile markets.

Additional Information

Appliances
Dryer, Washer
Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
36
Gross Scheduled Income
$932,352
Operating Expense
300954

Listing courtesy of Listing Agent: Tyler Leeson (tleeson@marcusmillichap.com) from Listing Office: Marcus & Millichap RE Invest.

Listing sold by Tyler Leeson from Marcus & Millichap RE Invest

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.