617 E Birch St

Brea, CA 92821

$13,605,000
Last Sold Price
5
Beds
36
Baths
20,289 Sq. Ft.
$671 / Sq. Ft.
20,289
Sq. Ft.
$671
per Sq. Ft.
Closed 5/4/23
Closed 5/4/23
a view of a basket ball ground
a front view of house with yard and green space
a view of a white house with a yard and plants
a front view of a house with a yard
a car parked in front of house
a view of a house with a yard and sitting area
a kitchen with a refrigerator a microwave a sink and cabinets
a view of a kitchen with center island wooden floor and stainless steel appliances
wooden floor in an empty room
a bathroom with a granite countertop sink a toilet and a bathtub

Description

Birch Terrace Apartments is a 36-unit multifamily investment property located at 601, 613, and 617 East Birch Street in Brea, CA. Built in 1964, but completely renovated over the last two years, Birch Terrace Apartments represents a turnkey investment opportunity. Current ownership has invested significant capital into improvements at the property to provide a luxury living experience to its residents. The well-maintained exterior features fresh paint, a recently upgraded monument sign, all vinyl...Birch Terrace Apartments is a 36-unit multifamily investment property located at 601, 613, and 617 East Birch Street in Brea, CA. Built in 1964, but completely renovated over the last two years, Birch Terrace Apartments represents a turnkey investment opportunity. Current ownership has invested significant capital into improvements at the property to provide a luxury living experience to its residents. The well-maintained exterior features fresh paint, a recently upgraded monument sign, all vinyl windows, and an immaculately landscaped front yard. All units have been renovated with high-quality finishes and upgrades including new appliances, flooring, cabinetry, paint, and more. Residents enjoy the property’s proximity to an abundance of local amenities including popular restaurants, entertainment venues, and shopping destinations. The property is situated within walking distance of the Brea Marketplace, Brea Mall, and Brea Downtown, providing convenient access to everyday needs. Additionally, the property is located just 0.75 miles from the junction of State Route 57 and Imperial Highway. Brea’s excellent north Orange County location near Los Angeles County has made it one of Southern California’s most desirable and versatile markets.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086

Property Details for 617 East Birch Street

Parking Spaces Total
36
Private Pool
No
Total Units
36.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
20289
Assessor Parcel Number
319-234-28
Property Attached YN
false
LISTING UPDATED: 05/05/2023 12:49 AM

Property Details for 617 East Birch Street

StatusClosed
MLS #OC23025718
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1964
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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Building Information for 617 East Birch Street

Building/Complex617 E Birch StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1964Building Size-

Payment Calculator

$70,243 per month

30 year fixed, 6.15% Interest

Principal and Interest

$66,308

Property Taxes

$3,935

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 617 East Birch Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $956,352
  • Gross Scheduled Income: $932,352
  • Vacancy Allowance: 27971
  • Gross Operating Income: $928,381
  • Net Operating Income: $627,427
  • Other Income Description: RUBS
  • Other Income 1: $24,000
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $300,954
  • New Taxes Expense: $158,072
  • Fuel Expense: $9,509
  • Electric Expense: $9,509
  • Insurance Expense: $8,308
  • Maintenance Expense: $20,000
  • Professional Management Expense: $32,493
  • Other Expense: $44,043
  • Other Expense Description: Misc
  • Trash Expense: $9,509
  • Water Sewer Expense: $9,511
  • Total Expenses: $300,954
Tax / Assessment Info
  • Tax Tract Number: 2132
  • Tax Census Tract: 15.04
  • Tax Lot: 47
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 31923427, 31923426
  • Lot Features: Landscaped, Level with Street
  • Number Of Units: 36
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 36
Unit Information
Unit 1
  • Unit Type Units Total: 32
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $67,189
  • Unit Type Total Rent: $67,189
  • Unit Type Pro Forma: 73440
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,712
  • Unit Type Total Rent: $7,712
  • Unit Type Pro Forma: 8385
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,795
  • Unit Type Total Rent: $2,795
  • Unit Type Pro Forma: 2795
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 36
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 36
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 617 East Birch Street

DateEvent & SourcePriceAppreciation
May 4, 2023

Sold

CRMLS #OC23025718

$13,605,000—
May 4, 2023

Sold

CLAW #OC23025718MR

$13,605,000—
Mar 16, 2023

Pending

CRMLS #OC23025718

—
Mar 16, 2023

Pending

CLAW #OC23025718MR

—
Mar 10, 2023

Listed (Active)

CRMLS #OC23025718

—
Mar 9, 2023

Expired

CRMLS #OC23025718

—
Mar 8, 2023

Expired

CLAW #OC23025718MR

$14,365,000—
Feb 14, 2023

Listed (Active)

CRMLS #OC23025718

$14,365,000—
Feb 14, 2023

Listed (Active)

CLAW #OC23025718MR

$14,365,000—
Jan 26, 2021

Sold (Public Record)

Public Record #1450020701

$7,580,000—
DateEvent & SourcePrice
05/04/2023

Sold

CRMLS #OC23025718

$13,605,000
05/04/2023

Sold

CLAW #OC23025718MR

$13,605,000
03/16/2023

Pending

CRMLS #OC23025718

—
03/16/2023

Pending

CLAW #OC23025718MR

—
03/10/2023

Listed (Active)

CRMLS #OC23025718

—
03/09/2023

Expired

CRMLS #OC23025718

—
03/08/2023

Expired

CLAW #OC23025718MR

$14,365,000
02/14/2023

Listed (Active)

CRMLS #OC23025718

$14,365,000
02/14/2023

Listed (Active)

CLAW #OC23025718MR

$14,365,000
01/26/2021

Sold (Public Record)

Public Record #1450020701

$7,580,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 617 East Birch Street

Taxable ValueLand$3,448,367Additions$483,470Total$3,931,837
Tax Record2025$47,217 ($3,935 / month)
Home Facts
Total Finished SqFt5,573 SqFtAbove Grade Finished SqFt5,573 SqFtStories2Lot Size9,321 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyORANGEAPN319-234-26

Schools near 617 East Birch Street

This home is within Brea-Olinda Unified School District.
Rating
School
Type
Grades
Distance
Laurel Elementary School
Public - K to 6
Brea Junior High School
Public - 7 to 8
Brea-Olinda High School
Public - 9 to 12
BOUSD Online Academy
Public - K to 6
Rating
School
Distance
Laurel Elementary School
PublicK to 6

Brea Junior High School
Public7 to 8

Brea-Olinda High School
Public9 to 12

BOUSD Online Academy
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.