Leslie Stonick
Compass
(424) 381-0410
72 Total Sales
1 in Hermosa Village
$970,000 Price
1623 S Walnut St Anaheim, CA 92802
Hermosa Village Neighborhood
3
Beds
3
Baths
10,008
Sq Ft
18,975
Acre Lot
About This Home
As of January 2024Welcome to 1623 and 1629 Walnut St, Anaheim A highly sought-after 16-unit apartment building located just steps away from the magical wonders of Disneyland, right in the heart of Anaheim! This exceptional property, boasting two 8 unit buildings in a prime location directly behind Downtown Disneyland, presents a unique investment opportunity for astute buyers looking to capitalize on both location and value add potential.
This property is being offered for the first time in 47 years. Consisting of 16 spacious one-bedroom, one-bathroom units, each designed to provide comfort and convenience to its residents, this apartment building offers a wonderful rental income potential in a thriving rental market.
One of the standout features of this property is the 16 convenient carports, providing ample parking space for residents and ensuring ease of access.
The location couldn't be more ideal for residents and investors alike. Situated in the heart of Anaheim, just a stone's throw away from Downtown Disneyland, residents will enjoy the convenience of being able to walk to the vibrant entertainment district with its countless restaurants, shops, and attractions.
Additionally, the property is nestled in a prime rental market, offering immense value-add potential. With Anaheim experiencing consistent growth and a strong demand for housing, savvy investors can take advantage of the current market conditions to enhance the property's value and maximize rental income. Renovations, upgrades, and modern amenities could be added to increase overall cash flow.
Whether you are an investor looking to expand your portfolio or a discerning buyer seeking an income-generating property in an exceptional location, this 16-unit apartment building presents an extraordinary opportunity. Don't miss out on this rare gem in the heart of Anaheim's prime rental market with its remarkable proximity to Disneyland. Seize the chance to make your mark and unlock the true potential of this property.
Last Agent to Sell the Property
Seven Gables Real Estate License #01185627 Listed on: 06/01/2023
Last Buyer's Agent
Outside Agent
Outside Office License #0
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 18,975 Acre Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
- 12933210
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 10,008 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 16 Parking Spaces
- 16 Carport Spaces
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 3278
- Assessor Parcel Number 12933209
Community Details
Overview
- 2 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- 16 Leased Units
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $2,450
- Fuel Expense $4,206
- Gardener Expense $1,995
- Insurance Expense $7,070
- Other Expense $5,137
- Trash Expense $2,000
- Water Sewer Expense $10,000
- New Taxes Expense $45,360
- Operating Expense $79,835
- Gross Income $211,725
- Net Operating Income $141,829
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 26, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
6.61%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hermosa Village, CA
-
Leslie Stonick
-
Arthur Cervantes
Arthur Cervantes
Arthur Cervantes Properties Inc
(657) 239-4578
109 Total Sales
1 in Hermosa Village
$125,000 Price
-
Kathy Thomson
Kathy Thomson
Responds QuicklyeXp Realty of Southern California, Inc
(909) 787-1190
70 Total Sales
1 in Hermosa Village
$700,000 Price
-
John Rudy
John Rudy
Trends RE Inc.
(747) 271-4844
33 Total Sales
2 in Hermosa Village
$1,085,000 Price Range
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
120 Total Sales
2 in Hermosa Village
$1,350,000 Price Range
-
Nancy Nguyen
Nancy Nguyen
Wynn Real Estate, Inc.
(657) 238-1139
25 Total Sales
1 in Hermosa Village
$755,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,600,000 | Chicago Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $3,500,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2024 01/31/24 | Sold | $3,600,000 | -9.4% | $360 / Sq Ft |
| 10/24/2023 10/24/23 | Pending | -- | -- | -- |
| 08/02/2023 08/02/23 | Price Changed | $3,975,000 | -5.4% | $397 / Sq Ft |
| 06/01/2023 06/01/23 | For Sale | $4,200,000 | -- | $420 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $23,066 | $1,836,000 | $1,616,700 | $219,300 |
| 2024 | $4,275 | $195,165 | $63,587 | $131,578 |
| 2023 | $4,158 | $191,339 | $62,340 | $128,999 |
| 2022 | $4,072 | $187,588 | $61,118 | $126,470 |
| 2021 | $4,053 | $183,910 | $59,919 | $123,991 |
| 2020 | $4,023 | $182,025 | $59,305 | $122,720 |
| 2019 | $3,956 | $178,456 | $58,142 | $120,314 |
| 2018 | $3,890 | $174,957 | $57,002 | $117,955 |
| 2017 | $3,783 | $171,527 | $55,884 | $115,643 |
| 2016 | $3,757 | $168,164 | $54,788 | $113,376 |
| 2015 | $3,711 | $165,639 | $53,966 | $111,673 |
| 2014 | $3,552 | $162,395 | $52,909 | $109,486 |
Source: Public Records
Agents Affiliated with this Home
-
Jerry Jervis
Seller's Agent in 2024
Jerry Jervis
Seven Gables Real Estate
(714) 944-9840
2 in this area
38 Total Sales
-
Michael Hickman
Seller Co-Listing Agent in 2024
Michael Hickman
Seven Gables Real Estate
(714) 731-5983
1 in this area
35 Total Sales
-
O
Buyer's Agent in 2024
Outside Agent
Outside Office
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23096662
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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