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7245 Harding Circle, Buena Park, California 90620, Buena Park, 90620 - 6 bed, 4 bath

7245 Harding Circle, Buena Park, California 90620 home-pic-0
ACTIVE$1,700,000
7245 Harding Circle, Buena Park, California 90620
6Beds
4Baths
2,801Sqft
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
CV24248329
Home ConditionFair
Features
Patio
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 - 2801(99th), beds - 6(97th), baths - 4(99th).

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 over 60 years old. While it functions as a Congregate Living Health Facility, implying regular maintenance for its specialized use, the interior, particularly the kitchen and bathrooms, likely reflects an older aesthetic and functionality. Without explicit mention or visual evidence of recent extensive residential renovations (within the last 15 years), these areas, along with other systems, are presumed to be dated and would require significant updates to meet modern residential standards. The property's age suggests that major components are functional but show signs of being outdated, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Guaranteed Income Stream: The property offers a substantial and stable monthly rental income of $8,500 from an established tenant, ensuring consistent cash flow.
Specialized & Stable Tenant: Leased to an officially designated Congregate Living Health Facility (CLHF), indicating a professional, specialized, and likely long-term tenant with specific operational needs.
Strong Investment Potential: Marketed as an 'Exceptional Investment Opportunity' with a 'solid return' and 'long-term appreciation potential' in a thriving real estate market.
Generous Property Dimensions: Features a spacious layout with 6 bedrooms, 4 bathrooms, 2801 sqft of living space, and a large 10,395 sqft lot, accommodating its specialized use.
Prime Location: Situated in a 'Prime Buena Park neighborhood,' a desirable area that contributes to the property's market value and potential for appreciation.

Cons

Potential Overpricing: The listing price of $1,700,000 is significantly higher than the estimated property value of approximately $1,403,402, suggesting a premium for the income stream or potential overvaluation.
Property Age & Maintenance: Built in 1959, the property is over 60 years old, which may imply the need for future capital expenditures for maintenance, system upgrades, or renovations to meet modern standards, especially for a medical facility.
Niche Market for Resale: While the specialized use as a CLHF provides income, it could limit the pool of potential buyers and potentially complicate future resale if the specialized use is not continued or if a buyer seeks a traditional residential property.

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