1629 W Ball Rd Anaheim, CA 92802
West Anaheim NeighborhoodEstimated payment $15,187/month
Highlights
- Private Yard
- Laundry Room
- Rectangular Lot
- Park
- Landscaped
About This Home
1629 W. Ball Road, Anaheim, CA, a beautiful eight-unit apartment community in the heart of Anaheim. This investment offers a rare opportunity to acquire a well-located multifamily asset with strong upside potential, including 20-25% rental growth opportunities. The low-maintenance property ensures easy management, while the high-demand rental market provides stability for investors.The eight-unit apartment building spans ±6,564 square feet on a ±9,583-square-foot lot. The unit mix consists of two two-bedroom/one-bath units and six one-bedroom/one-bath units. The units are separately metered for electricity and gas. There is a laundry room on-site for additional income potential. Tenants also benefit from the eight-car covered garage with alley access.The Current GRM is 13.79, with a projected pro forma of 11.56. With rents below market rates, pro forma rents indicate a potential 20-25% increase. The current Net Operating Income (NOI) is over $125,000, with room for improvement.1629 W Ball Road is in a prime Anaheim location near Downtown Anaheim. The property offers exceptional tenant appeal with proximity to major employment centers, shopping, and entertainment. The Disneyland Resort is about 2.5 miles away, Anaheim Plaza & Marketplace is nearby to offer retail and grocery options, and the site is within walking distance to dining and nightlife entertainment options. Additionally, Freeway access is convenient, with quick connections to Interstate 5 and 91 and the 57 Freeway.Current rents are significantly below market, presenting an immediate value-add opportunity for investors. Inquire today for more information about the strong investment potential at 1629 W Ball Road.
Listing Agent
Universal Elite Realty Brokerage Phone: 626-353-2384 License #01946974 Listed on: 04/16/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1960
Lot Details
- 9,583 Sq Ft Lot
- No Common Walls
- Landscaped
- Rectangular Lot
- Level Lot
- Front and Back Yard Sprinklers
- Private Yard
- Lawn
Parking
- 8 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,564 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 2114
- Assessor Parcel Number 25015218
- Seller Considering Concessions
Community Details
Recreation
- Park
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,000
- Fuel Expense $1,000
- Gardener Expense $1,800
- Insurance Expense $4,000
- Pest Control $720
- Water Sewer Expense $4,500
- New Taxes Expense $28,800
- Operating Expense $41,820
- Gross Income $175,200
- Net Operating Income $133,380
Additional Features
- 8 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | For Sale | $2,400,000 | +83.2% | $366 / Sq Ft |
| 07/17/2015 07/17/15 | Sold | $1,310,000 | +4.0% | $200 / Sq Ft |
| 05/29/2015 05/29/15 | Pending | -- | -- | -- |
| 04/29/2015 04/29/15 | For Sale | $1,260,000 | -- | $192 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25082560
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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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