RealKey
‪(213) 433-7766‬

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

7245 Harding Circle, Buena Park, California 90620 home-pic-0
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
$607
HOA
-
Days on market
-
Sold On
-
MLS number
CV24248098
Home ConditionFair
Features
View-

About this home

Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.70M(99th), sqft - 2800(98th), beds - undefined(2th), baths - undefined(2th).

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
Condition Rating
Fair
Built in 1959, this property is 65 years old. While it appears to be well-maintained for its current use as a Congregate Living Health Facility, the interior, particularly the kitchen and bathrooms, are highly dated and institutional in style. The kitchen features basic cabinetry, commercial-grade appliances, and fluorescent lighting, lacking modern residential appeal. Bathrooms are ADA-compliant with large, dated tiles and basic fixtures. The flooring is predominantly commercial-grade. The property is functional but shows clear signs of being outdated and would require substantial renovation to meet current residential quality standards and aesthetics.
Pros & Cons

Pros

Guaranteed Income Stream: The property generates a substantial and stable monthly rental income of $8,500 from an established tenant.
Specialized Facility Designation: Officially designated as a Congregate Living Health Facility (CLHF), catering to a niche market with potentially high demand and stable tenancy.
Established & Professional Tenant: The current tenant is a reliable medical facility, ensuring consistent cash flow and reducing vacancy risk.
Prime Buena Park Location: Situated in a desirable Buena Park neighborhood, offering strong market fundamentals and potential for future growth.
Long-Term Appreciation Potential: Located in a thriving real estate market, contributing to the property's potential for capital appreciation over time.

Cons

Significant Overpricing: The current listing price of $1.7M is approximately 17% above the estimated property value of $1.4M, suggesting it may be overpriced.
Property Age: Built in 1959, the property is over 60 years old, which may indicate a need for significant capital expenditures for updates or deferred maintenance.
Specialized Use & Conversion Risk: While a strength for current income, the CLHF designation limits the pool of potential future tenants or buyers and could incur substantial costs for conversion back to a standard residential use.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state