Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
155 Total Sales
120 E Alberta St Anaheim, CA 92805
The Colony Neighborhood
10
Beds
4
Baths
5,609
Sq Ft
0.3
Acres
Highlights
- 0.3 Acre Lot
- Forced Air Heating System
- Level Lot
- No HOA
About This Home
As of August 2024120 East Alberta Street is a 5-unit multifamily investment property located in Anaheim, California. The property has a CAP rate of 6.44% and a GIM of 10.93 on market rents. The property spans across 4 buildings, features more than 5,600 rentable square feet, and offers an attractive mix of 3, two-bedroom units, 1, three-bedroom unit, and 1, five-bedroom home. Currently, the five-bedroom home is being rented as separate upstairs and downstairs units. Amenities include single-story construction (select units), security doors, garage parking, and spacious private yards and patios (select units). The property is situated in an optimal Anaheim location, just north of Downtown Anaheim, placing residents moments away from some of Orange County’s most popular destinations. 120 East Alberta Street is located within blocks of Pearson Park, granting residents convenient access to a variety of outdoor activities. Additionally, residents enjoy the property’s close proximity, within walking distance, to the Anaheim Packing District, a trendy culinary hub that is the premier destination in Downtown Anaheim. Furthermore, 120 East Alberta Street is just over 1.25 miles from Anaheim Plaza, providing residents easy access to everyday needs. The property is within a 1.10-mile radius of Interstate 5 and State Route 91, connecting residents to employment hubs throughout Orange and Los Angeles Counties.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 05/21/2024
Last Buyer's Agent
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 05/21/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1922
Lot Details
- 0.3 Acre Lot
- No Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,609 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Bathrooms
Additional Features
- Rain Gutters
- Forced Air Heating System
Listing and Financial Details
- Legal Lot and Block 10 / 4
- Tax Tract Number 684
- Assessor Parcel Number 03509608
- $1,541 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 5 Units
Building Details
- 1 Separate Electric Meter
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,525
- Fuel Expense $2,525
- Insurance Expense $5,260
- Maintenance Expense $3,500
- Other Expense $5,941
- Trash Expense $2,525
- Water Sewer Expense $2,524
- New Taxes Expense $20,327
- Operating Expense $45,127
- Gross Income $96,460
- Net Operating Income $48,494
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/08/2024 08/08/24 | Sold | $1,600,000 | -13.5% | $285 / Sq Ft |
| 06/18/2024 06/18/24 | Pending | -- | -- | -- |
| 05/21/2024 05/21/24 | For Sale | $1,850,000 | -- | $330 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24103219
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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