7160 Cerritos Avenue

The City of Stanton is located in northwestern Orange County. With a population of more than 39,000 in 3.1 square miles, residents enjoy a small town, close-knit community feeling. The City was incorporated in 1956 and has enjoyed growth and prosperity since that time. The City's motto - Community Pride and Forward Vision identifies Stanton as a place where innovation and pride in the community are an important aspect of life. Residents enjoy major retail opportunities, active civic volunteers and business-friendly City organizations. Residents benefit from a wide variety of activities and resources provided by the City, including great parks, a family resource center for mental health and family services, annual holiday events and a variety of recreational programs.Kirklen Investment Group proudly offers the opportunity to acquire 7160 Cerritos Avenue, a 4-unit multifamily investment property located in the City of Stanton. Built in 1962, the subject property offers an exceptionally attractive unit mix comprised of 100% two-bedroom/one-and-a-half-bathroom townhouse style units which attract a diverse pool of potential residents. Situated on a 7,434 square foot corner lot, 7160 Cerritos Avenue provides residents with amenities such as on-site laundry, gated entry and carport parking. Residents enjoy being located within proximity to the Beach Blvd thoroughfare, which provides residents ease of transportation throughout Orange County spanning from the hills of La Habra Heights to the beaches in Huntington Beach. 7160 Cerritos Avenue also benefits from being located within proximity to numerous educational institutions, shopping, dining and entertainment. Being offered for sale for the first time in 52 years, 7160 Cerritos Avenue provides a new owner 77% rental upside through exterior improvements and following the current owners blueprint of modernizing the interiors to capture market rents. The subject property also offers (1) vacant unit providing a new buyer the opportunity to capture market rent day one or for a potential buyer to move into the vacant unit while taking advantage of favorable FHA financing.