NOT LISTED FOR SALE
8 Beds
6 Baths
3,705 Sq Ft
6,534 Sq Ft Lot

Last Sold July 02, 2018

Last sale price $1,230,000 $332 Per Sq Ft

18 Days on Market

Highlights

  • No Units Above
  • Cooling System Mounted To A Wall/Window
  • Attached Carport
  • Property is near public transit
  • Laundry Room
  • Central Heating

About This Home

As of July 2018

Well located value-add opportunity of four units in the Meat Packing District of Downtown Anaheim. Constructed in 1979, this French Normandy architectural exterior can be an excellent starter investment or solid additional to a fourplex portfolio.

Each unit features individual washer and dryer hook-ups and a patio or balcony. There is (1) three-bedroom, two bath; (1) two-bedroom, two bath; (1) two-bedroom, one bath, and one spacious one-bedroom, one bath unit. Unit A is a large three-bedroom with wide wood-style plank flooring and forced air heating. Units B,C and D have panel ray heaters. Wall A/C units have been installed in all four units. The driveway and moter-court area has just been replaced and the slurry coat will be applied when cured; there are a total of eight covered parking spaces access from a rear alley.

There is an achievable rental attainable upside of approximately 14%. Thirty year fixed rate, non-owner financing is available for this property.
Drive by only. Submit, as sale is not contingent upon the owner locating or identifying an up-leg.

Last Agent to Sell the Property

Steven Brombal

Kidder Mathews of California, Inc License #00972129 Listed on: 04/30/2018

Last Buyer's Agent

Jenny Kang

C-21 Classic Estates License #00991069

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 6,534 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Level Lot

Home Design

  • Property Attached
  • Flat Roof Shape
  • Mansard Roof Shape
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,705 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Attached Carport
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Wall Furnace

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 037
  • Assessor Parcel Number 03716435

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $13,886
  • Operating Expense $25,610
  • Gross Income $5,595
  • Net Operating Income $39,516

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Property Type: Residential Income
  • Parcel Number: 03716435
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Levels: Two
  • Price Per Square Foot: 331.98

Exterior Features

  • Pool Private: No
  • Roof: Composition, Flat, Mansard
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Attached Carport
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level, Near Public Transit
  • Lot Size Sq Ft: 6534.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5595.00
  • Gross Scheduled Income: 67140.00
  • Net Operating Income: 39516.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25610.00
  • Rent Control: No
  • Total Actual Rent: 5995.00
  • Total Expenses: 25610.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13886.00
  • Tax Census Tract: 873.00
  • Tax Lot: 037
  • Tax Tract Number: 0000

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 Change Sq Ft Price
07/02/2018 07/02/18 Sold $1,230,000 -2.6% $332 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $1,262,500 -- $341 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18099607

California Regional Multiple Listing Service (CRMLS)

APN: 037-164-35