NOT LISTED FOR SALE

101 N Merrimac Dr Unit A-D Anaheim, CA 92807

Anaheim Hills Neighborhood
8 Beds
5 Baths
4,082 Sq Ft
6,295 Sq Ft Lot

Last Sold March 08, 2021

Last sale price $1,360,000 $333 Per Sq Ft

7 Days on Market

About This Home

As of March 2021

We are pleased to present 101 N. Merrimac Drive, a 4-unit apartment complex located in the highly-desirable rental market of Anaheim. Situated on a corner lot conveniently located near the 55 and 91 Freeways, and just minutes from both Yorba Linda and Villa Park, two of Orange County's premier inland cities. The Merrimac Drive apartments is located on a quiet residential neighborhood, and just a short drive from both Eisenhower Park and The Village at Orange, a large shopping mall that has anchored local retail since 1971. This investment opportunity is comprised of highly-desirable 2-bedroom units with amenities such as garage parking, patios/balconies, and washer/dryer hookups. Recent improvements include all-new and rebuilt balconies, stairs, and landing, and 2-units feature granite countertops. Through continued upgrades and improved rents along with its stand-out location makes this an excellent investment opportunity. *All 2-Bedroom Units Situated on a Corner Lot, *Desirable Rental Location Near Villa Park, *Convenient Access to 55 and 91 Freeways, *Garages, Patios, Balconies, & Washer/Dryer Hookups, *Upgraded Flooring, Granite Countertops, New Balconies & Stairs, *Cash-Flow with Only 30% Down Payment

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 01/04/2021

Last Buyer's Agent

Martha Diaz

RE/MAX One License #01215345

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,295 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Open Parking Space
  • 5 Car Garage

Interior Spaces

  • 4,082 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 1
  • Tax Tract Number 5063
  • Assessor Parcel Number 36019122

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,510
  • Maintenance Expense $4,187
  • Other Expense $1,403
  • New Taxes Expense $14,449
  • Operating Expense $24,130
  • Gross Income $83,750
  • Net Operating Income $59,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.30
  • Property Attached: No
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 36019122
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 333.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6295.00
  • Lot Size Acres: 0.1445

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Multiplier: 15.97
  • Gross Operating Income: 83750.00
  • Gross Scheduled Income: 86340.00
  • Insurance Expense: 1510.00
  • Lot Size Area: 6295.0000 Square Feet
  • Maintenance Expense: 4187.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 59620.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24130.00
  • Operating Expense Percent: 27.90
  • Other Expense: 1403.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Expenses: 24130.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14449.00
  • Tax Census Tract: 762.02
  • Tax Lot: 1
  • Tax Tract Number: 5063

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2021 03/08/21 Sold $1,360,000 -1.4% $333 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $1,379,000 +17.4% $338 / Sq Ft
04/15/2019 04/15/19 Sold $1,175,000 -7.8% $288 / Sq Ft View Prior Sale
03/06/2019 03/06/19 Pending -- -- --
01/31/2019 01/31/19 For Sale $1,275,000 -- $312 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Applebaum

    Seller's Agent in 2021

    Rick Applebaum

    Morgan Skenderian

    (949) 251-8800

    1 in this area

    65 Total Sales

    Rick Applebaum
    Section Image
  • Martha Diaz

    Buyer's Agent in 2021

    Martha Diaz

    RE/MAX

    (714) 658-7358

    1 in this area

    18 Total Sales

    Martha Diaz
    Section Image
  • Damien Breaux

    Seller's Agent in 2019

    Damien Breaux

    Morgan Skenderian

    (949) 584-0503

    40 Total Sales

    Damien Breaux
    Section Image
  • Jay Skenderian

    Buyer's Agent in 2019

    Jay Skenderian

    Morgan Skenderian

    (949) 251-8800

    18 Total Sales

    Jay Skenderian
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21001419

California Regional Multiple Listing Service (CRMLS)
California Orange County Anaheim 92807 Anaheim Hills

101 N Merrimac Dr Unit A-D, Anaheim, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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