West La Jolla Townhomes

Highlights:

• Newer 2018 Construction - Not Subject to CA Rent Control
• 100% 4 Bedroom Townhome Style Units
• High Spec Interior Finishes
• Individual HVAC Systems
• Separately Metered for all Utilities
• Assumable Loan $3,400,000 at 3.43% - 7 Years Remaining on Term w/2 Years of IO
• Ample Parking - 10 Double Car Garages & 8 Tandem Parking Spaces
• Convenient Access to CA-91 and CA-55 Freeways

Description:

Kirklen Investment Group proudly offers the opportunity to acquire 738 W La Jolla Street, a three-story, newer construction, townhome style multifamily investment property located in the desirable city of Placentia. Built in 2018, the West La Jolla Townhomes offer luxury finishes such as vinyl plank flooring, granite countertops, stainless steel appliances, white shaker cabinets, central heating and air, in unit washer and dryer, and each unit includes a private patio. Common area amenities include ample parking (8 tandem spaces and 10 direct-access double car garages), and gated access to the property. The West La Jolla Townhomes offers eight (8) 4-bedroom and 2-bath townhome style units and two (2) 4-bedroom and 2.5-bath townhome style units. There is an option for a potential buyer to assume the existing loan with 7 years remaining of $3,400,000 at a very low rate of 3.43% interest only ending May 2027.

The property is conveniently located off the 91 and 55 Freeways allowing for quick and easy access to the greater Orange County area and beyond. This desirable Placentia location offers residents a variety of dining, shopping, educational, occupational and entertainment opportunities within 15 minutes. The city of Placentia also offers a variety of well-paying, industrial, manufacturing and engineering jobs within a short commute of the West La Jolla Townhomes. Nearby shopping centers include Sycamore Plaza, Granada Square, Anaheim Town Square, and Fullerton Crossings.

Placentia is a city in northern Orange County, California. It has a population of 51,233 as of the 2020 census. Placentia is derived from a Latin word meaning “pleasant place to live”. The are of Placentia began in 1837 when the governor of Mexico granted land to Juan Ontiveros. In 1865 Daniel Kraemer with William McFadden purchased 4000 aces where residents began to settle building churches and schools.

Placentia is home to the Tri-City Park, 40 aces of green space where residents enjoy, fishing, birdwatching, bike riding, as well a playground and picnic areas. The Bradford House, constructed in 1902, is a historic property that is currently a museum run by the Placentia Founders Society that allows visitors a glimpse into what it was like as a pioneer in that era. Placentia also hosts the Placentia Certified Farmers’ Market which is open once a week throughout the year.