7245 Harding Circle, Buena Park, California 90620, Buena Park, - bed, bath

home-pic
ACTIVE$1,700,000
7245 Harding Circle, Buena Park, California 90620
0Bed
0Bath
2,800Sqft
10,395Lot
Year Built
1959
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV24248098
Home ConditionFair
Features
View-

About this home

Exceptional Investment Opportunity in Buena Park – 7245 Harding Circle Welcome to 7245 Harding Circle, a unique property with a built-in income stream! This property is home to an in-house medical facility, officially designated as a Congregate Living Health Facility (CLHF), offering specialized care and services. With a monthly rental income of $8,500, this property ensures a stable and consistent cash flow, covering a significant portion or even the entirety of most mortgage payments. Its reliable tenant and proven income make it a worry-free investment. This is a rare opportunity for savvy investors looking for a property with a solid return and a strong tenant base in a high-demand area. The thriving real estate market in Buena Park adds to the property’s long-term appreciation potential. Key Highlights: Location: Prime Buena Park neighborhood. Income Potential: Generates $8,500/month in rent. Tenant Profile: Established and professional medical facility tenant. Don't miss this chance to own an investment that combines steady income with growth potential. For more details or to schedule a showing, contact us today!

Price History

Date
Event
Price
06/16/20
Sold
$1,075,000
11/19/15
Sold
$545,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (111 Listings)
Beds04
Baths02
Square foot2,8001,415
98%
Lot Size10,3956,307
94%
Price$1.7M$926K
99%
Price per square foot$607$618
45%
Built year19599785979
83%
HOA
Days on market329140
96%
Condition Rating
Fair

The property was built in 1959. While the interior appears to have been updated, it's likely been over 15 years since any major renovations. The kitchen and bathrooms appear functional but not recently renovated. The property is maintained but shows its age.
Pros & Cons

Pros

Income Potential: Generates a substantial monthly rental income of $8,500 from an established medical facility tenant, providing a strong and consistent cash flow.
Tenant Stability: The property is leased to a professional medical facility (CLHF), ensuring a reliable tenant base and minimizing vacancy risks.
Prime Location: Located in a desirable Buena Park neighborhood, offering potential for long-term property value appreciation.

Cons

Specialized Use: The property's current use as a Congregate Living Health Facility (CLHF) may limit the pool of potential buyers to those interested in similar ventures.
Year Built: Built in 1959, the property may require updates or renovations to meet modern standards and preferences.

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