A La Habra duplex with two 2-bedroom units and two neighboring duplexes, offered at auction with a $1,243,000 starting bid.
In brief: 309 Grace Avenue in La Habra is the first listing in a three-duplex cluster offered through auction. The starting bid is $1,243,000, and bidding begins November 2, 2026, between 8:00 a.m. and 12:00 p.m. Pacific. Please confirm every detail with the listing team before you act.
What the listing says
The property at 309-311 Grace Avenue is a duplex made up of two 2-bedroom, 1-bathroom units on a lot of about 6,560 square feet. It sits in La Habra in north Orange County. The seller-reported figures show gross scheduled income of $45,720 per year and a net operating income of $33,376. Those numbers come from the seller, so treat them as a starting point for your own review, not as a verified result.
The listing also notes that the duplexes next door, 301-303 and 305-307 Grace Avenue, are available through the same auction process. That makes this a rare chance to look at one, two, or all three buildings as a single plan, which could mean six units on three adjoining parcels.
Why a cluster matters to investors
One duplex is a small investment. Three side by side can behave more like a small community. Management can be more efficient because a single manager, a single landscaper, and a single repair vendor can serve every building. Marketing a vacancy is simpler, and a buyer who holds all three has more control over the look and care of the whole block.
A cluster also adds complexity. Each building has its own parcel, its own utilities, its own tenants, and its own lease terms. Buying all three at once means a larger check and a longer list of items to verify. Buying only one means you may share a street with neighbors who run their buildings differently. Decide which approach fits your plan before the bidding window opens.
A simple look at the numbers
Here is a quick way to frame it. Divide the seller-reported net operating income of $33,376 by the starting bid of $1,243,000 and you get a figure in the range of 2.7 percent. That is only simple arithmetic on reported income, and it is not a promise of return. Your financing, insurance, taxes, repairs, vacancy, and management costs will change the picture, so please build your own model.
What to verify before you bid
- Rent rules. The listing carries a rent-control flag. Ask the listing team what it means for this building, and review current California and local rules that apply to rent increases and tenant notices.
- Leases and rents. Request the rent roll, the signed leases, and any deposits held. Compare them with the income figures in the listing.
- Occupancy. Units may be tenant-occupied. Please do not disturb residents, and arrange any access only through the listing team.
- Condition. Look for roof age, plumbing, electrical, and foundation notes. Older buildings from this era can carry deferred maintenance.
- Auction terms. Read the bidder terms, deposit amounts, closing timeline, and any fees before you register.
- Neighboring duplexes. Ask whether the three buildings can be purchased together, and on what schedule.
Set a ceiling and stick to it
An auction can move quickly. Before bidding begins, set a maximum price based on your own numbers, and keep a reserve for repairs and the first few months of operation. A starting bid is only the opening point. The price that matters is the one at which you stop. If the bidding goes past your ceiling, letting it go is a good decision and not a lost one.
How we can help
West Coast Real Estate can walk you through the listing package, the bidder registration steps, and the questions to ask the listing team. Holistic Funding can discuss financing options so that you know what you can afford before the clock starts. If a cluster purchase is on your mind, bring us the questions early, because a plan is easier to build before the auction than during it.
This post is for general information only. It is not legal, tax, or investment advice. Listing details, status, and auction dates can change, so confirm everything with the listing team and your own advisors before you register or bid.