$1,680,000
SOLD APR 10, 2025
10 Beds
5 Baths
4,335 Sq Ft
0.33 Acres

Recently Sold

$388 Per Sq Ft

3% Below List Price

180 Days on Market

Highlights

  • 0.33 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • 5 Car Garage
  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of April 2025

Pleased to present 123 N. East Street, a 5-unit investment opportunity located in Anaheim. Situated on just over 14,000 square feet of land, this property consists exclusively of two bedroom/one bathroom, single story units. Residents enjoy amenities such as an onsite laundry facility, private patios for each unit, security screen doors and (5) garages. This property has been professionally managed and maintained for years, and, just recently, current ownership invested a significant amount of capital including all new electrical panels as well a brand new roof for both garage structures, the freestanding unit at the rear of the property and the fourplex at the front of the property. All of the units are individually metered for electricity and gas, and the tenants pay their own trash.

Last Agent to Sell the Property

Paul Espinosa

Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01942627 Listed on: 09/12/2024

Co-Listed By

Rick Applebaum

Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01273871

Last Buyer's Agent

Jason Abboud

RE/MAX Prestige Properties License #00936727

RE/MAX Prestige Properties

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1956

Lot Details

  • 0.33 Acre Lot
  • No Common Walls

Parking

  • 5 Car Garage
  • Parking Available

Interior Spaces

  • 4,335 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 1 / C
  • Tax Tract Number 402
  • Assessor Parcel Number 03523420
  • $1,277 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,793
  • Insurance Expense $3,685
  • Maintenance Expense $4,635
  • Other Expense $1,159
  • Water Sewer Expense $2,798
  • New Taxes Expense $20,173
  • Operating Expense $37,243
  • Gross Income $119,458
  • Net Operating Income $78,631

Property Details

Home Type

Apartment

Year Built

Built in 1956

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.58
  • Other Phone Number: 7142062688
  • Price Per Unit: 343000
  • Property Attached: No
  • Subdivision Name Other: Kroeger's
  • Water Sewer Expenses: 2798.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3793.00
  • Parcel Number: 03523420
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Off Street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 387.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14262.00
  • Lot Size Acres: 0.3274
  • Latitude Manual: 33.83878300

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 867 Square Feet
  • Gross Income: 119458.00
  • Gross Multiplier: 14.36
  • Gross Operating Income: 115874.00
  • Gross Scheduled Income: 119458.00
  • Insurance Expense: 3685.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 3600.00
  • Lot Size Area: 14262.0000 Square Feet
  • Maintenance Expense: 4635.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 78631.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number Wall A C: 5
  • Operating Expense: 37243.00
  • Operating Expense Percent: 31.20
  • Other Expense: 1159.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 115858.00
  • Total Expenses: 37243.00
  • Vacancy Allowance: 3584
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20173.00
  • Tax Block: C
  • Tax Census Tract: 873.01
  • Tax Lot: 1
  • Tax Tract Number: 402
  • TaxOtherAnnualAssessmentAmount: 1277.00

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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
04/10/2025 04/10/25 Sold $1,680,000 -2.0% $388 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
01/29/2025 01/29/25 Price Changed $1,715,000 -1.4% $396 / Sq Ft
09/12/2024 09/12/24 For Sale $1,740,000 -- $401 / 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: PW24189951

California Regional Multiple Listing Service (CRMLS)

APN: 035-234-20