$13,605,000
$14,365,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
0.75 Acres Lot
SOLD DATE : 05/04/2023
Key Details
Sold Price $13,605,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23025718
Sold Date 05/04/23
HOA Y/N No
Year Built 1964
Lot Size 0.750 Acres
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.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Appliance Dryer, Washer
Exterior
Carport Spaces 36
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 36
Private Pool No
Building
Lot Description Landscaped, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 31923428
Energy Description 9509.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest
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310 Third Ave Suite # C-3, Chula Vista, California, 91910, United States