Monterra Springs Apartment Home — Sale in La Habra, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: La Habra, CA 90631

Investment Figures

Cap rate
4.87%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire Monterra Springs, a 111-unit multifamily community located at 861 Glencliff Street in La Habra, California. Built in 1969 and situated on a 4.93-acre parcel, the property comprises 93,310 rentable square feet and features a diverse unit mix of one, two, and four-bedroom floorplans, including townhome-style units. The community benefits from a low-density site plan with ample open space and a range of tenant-oriented amenities, including a swimming pool and spa, fitness center, gated access, on-site laundry facilities, and covered and surface parking. Current ownership has completed renovations to approximately 90 of the 111 units, providing a strong in-place renovation program that has already driven operational upside while leaving a clear path for a new owner to complete the remaining units and further optimize income. Monterra Springs represents a rare opportunity to acquire a scaled, market-rate multifamily asset in Orange County. According to LoopNet/CoStar, it is currently the only 100+ unit market-rate multifamily property actively listed for sale in the county, underscoring the scarcity of comparable investment opportunities at this size and price point. The offering provides investors with the ability to acquire a partially renovated asset with demonstrated value-add execution, remaining upside through interior renovations and rental growth, and long-term hold potential within a high-barrier-to-entry Southern California market. Investment Highlights: • Only 100+ unit market-rate multifamily listing in Orange County per LoopNet/CoStar • Approximately 90 of 111 units renovated with remaining value-add potential • Diverse mix of one, two, & four-bedroom floorplans including townhome-style units • Situated on a low-density 4.93-acre site with ample open space • Community amenities include pool, spa, fitness center, gated access, & on-site laundry • Covered and surface parking with a desirable

Market Context

This multifamily in La Habra, CA is listed for sale. It is offered at an approximate 4.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 86 days. Compare it against other multifamily listings for sale in La Habra, CA — view the full market.

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