NOT LISTED FOR SALE
6 Beds
4 Baths
2,952 Sq Ft
7,841 Sq Ft Lot

Last Sold March 08, 2024

Last sale price $1,250,000 $423 Per Sq Ft

7 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Tile Flooring
  • No HOA
  • No Interior Steps
  • 4 Car Garage

About This Home

As of March 2024

A prime multi-family investment opportunity awaits in this prime West Anaheim neighborhood, 1520 June Avenue is a garden style, single story 4 plex property affording ample upside potential. Fully occupied by primarily long-term tenants the property has a desirable mix of two 1 Bed 1 Bath units and two 2 Bed 1 Bath units, all having their own garages and private patios. A freshly painted exterior and soon to be installed dual-pane vinyl retrofit windows combine with low maintenance interiors with tile flooring in all units. Granite counters in most kitchens, with gas stoves. On site laundry room features two coin operated washers and two dryers. Seller intends to conduct a 1031 exchange requiring buyer’s cooperation. Property will be sold in it’s present, as-is condition.

Last Agent to Sell the Property

James Bobbett

Reliance Real Estate Services License #01272441 Listed on: 01/23/2024

Reliance Real Estate Services

Co-Listed By

Martina Bobbett

Circa Properties, Inc. License #01189723

Last Buyer's Agent

Brian Nguyen

First Team Real Estate License #02099239

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Lawn

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,952 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • No Interior Steps
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 53
  • Tax Tract Number 1812
  • Assessor Parcel Number 25017314
  • $1,035 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,676
  • Other Expense $1,448
  • Water Sewer Expense $1,438
  • New Taxes Expense $12,650
  • Operating Expense $18,412
  • Gross Income $71,520
  • Net Operating Income $51,908

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.50
  • Inclusions: two coin operated washers and two coin operated dryers
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1438.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 25017314
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Accessibility Features: No Interior Steps
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 423.44

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 71520.00
  • Gross Scheduled Income: 70320.00
  • Insurance Expense: 1676.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 51908.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 18412.00
  • Other Expense: 1448.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 5860.00
  • Total Expenses: 18412.00

Tax Info

  • New Taxes Expense: 12650.00
  • Tax Census Tract: 871.06
  • Tax Lot: 53
  • Tax Tract Number: 1812
  • TaxOtherAnnualAssessmentAmount: 1035.00

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
03/08/2024 03/08/24 Sold $1,250,000 +8.7% $423 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/23/2024 01/23/24 For Sale $1,150,000 -- $390 / 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: PW24012665

California Regional Multiple Listing Service (CRMLS)

APN: 250-173-14