NOT LISTED FOR SALE

1724 W Ball Rd Anaheim, CA 92804

Hermosa Village Neighborhood
-- Bed
-- Bath
23,767 Sq Ft
0.94 Acres

Last Sold November 02, 2017

Last sale price $7,633,000 $321 Per Sq Ft

38 Days on Market

About This Home

As of November 2017

We are pleased to present for sale the Palms Apartments, a 40-unit multifamily community in Anaheim, California. The Palms Apartments is located on the south side of Ball Road with the nearest major cross streets being Ball Road and Euclid Street. Built in 1959, the Palms Apartments consists of four ten-unit buildings situated on one parcel. Current ownership has completed extensive renovations with additional rental upside of approximately 15%. Interior and exteriors renovations include new paint, flooring, bathrooms, kitchens, landscaping, and common areas. The Palms Apartments is a stable income-producing, value-add property and a long-term investment. It is in a desirable area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or 1031 exchange opportunity.

Last Agent to Sell the Property

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 07/31/2017

Last Buyer's Agent

Grady Liu

License #01290494

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.94 Acre Lot

Interior Spaces

  • 23,767 Sq Ft Home
  • 2-Story Property

Parking

  • 42 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 40 Units

Listing and Financial Details

  • Assessor Parcel Number 128-372-32

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 23767
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 336.39

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 42

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 806431
  • Assessed Land Value: 3687511
  • Assessor Parcel Number: 128-372-32
  • Geocode Override: No
  • Lot Size Area: 40793

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.69
  • Number Of Units: 40
  • Type Of Units: Apartments

Range of Values:

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Average Value
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List Price
Sold Price
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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 Prior Sale
11/02/2017 11/02/17 Sold $7,633,000 +77.5% $321 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
02/17/2012 02/17/12 Sold $4,300,000 -4.4% $181 / Sq Ft View Prior Sale
12/29/2011 12/29/11 Pending -- -- --
08/04/2011 08/04/11 For Sale $4,499,899 -- $189 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Daniel Blackwell

    Seller's Agent in 2017

    Daniel Blackwell

    CB Richard Ellis, Inc.

    (949) 423-6111

    50 Total Sales

    Daniel Blackwell
    Section Image

  • G

    Buyer's Agent in 2017

    Grady Liu

  • Han Liu

    Seller's Agent in 2012

    Han Liu

    Treeline Realty & Investment

    (626) 757-9977

    14 Total Sales

    Han Liu
    Section Image

  • N

    Buyer's Agent in 2012

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    6,026 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: The MLS

MLS Number: 17-256582

The MLS
California Orange County Anaheim 92804 Hermosa Village

1724 W Ball Rd, Anaheim, CA

Not Listed for Sale

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