PROPERTY UPGRADES
1160 Walnut has received significant upgrades to 9 of 11 units, including but not limited to quartz or granite counter tops, laminate or vinyl flooring, ceiling fans, and new paint. The exterior of the building has a gated parking lot with pavers.
PRIME LOCATION
1160 Walnut is located in a residential neighborhood in close proximity to West Imperial Highway, a major thoroughfare with over 51,000 cars per day and significant shopping. It is a short walk to Imperial Middle School, Las Lomas Elementary School, and Imperial Promenade Shopping Center, that is anchored by Sprouts Farmers Market, Bed Bath & Beyond, Target, and Trader Joe’s. It is a quick drive to Cal State Fullerton, Biola University, and the Brea Mall.

RENTAL UPSIDE
Current asking rent is approximately 20% below market rents for nearby similar properties. Increased internet marketing will help bring the rents in-line with market.

ATTRACTIVE TENANT RENTAL PRICE POINT
The average rental rate for a 1 Bedroom / 1 Bath apartment within a 3-Mile radius is $1,791. With a pro-forma asking rate of $1,545, a Buyer can capture significant upside in rent (20% +/-) while offering a reasonable rental rate in a strong Orange County rental market.

HIGH DEMAND RESIDENTIAL AREA
The median home price in La Habra is $676,552 representing a 11% increase year-over-year.

CASH TO NEW LOAN
1160 Walnut is offered free of existing financing providing an opportunity to optimize the capital stack at today’s historically low interest rates.