NOT LISTED FOR SALE
14 Beds
8 Baths
13,200 Sq Ft
0.47 Acres Lot

Sale Details

Date Sold: December 2, 2020

Last sale price $4,100,000 $311 Per Sq Ft

184 Days on Market

Highlights

  • 0.47 Acre Lot
  • 18 Car Direct Access Garage
  • Laundry Room
  • No HOA
  • Side by Side Parking
  • Wrought Iron Fence

About This Home

As of December 2020

Fantastic opportunity to buy 16 units, Corner building. HIGHER INCOME with exterior renovation in July 2019. This 16 unit Multi- Family Property has a nice curb appeal with a strong current cap rate above 4.5% and over 5% on market. Built in 1962, The building has 13,200 rentable square feet spread across a lot size totaling 0.48 acres. This building offers (14)units 2 bedroom 1 bath, and (2) 1 bedroom 1 bath. Tenants have their own electric meters, The building has a gated front yard, nicely landscaped with grass, trees and plants. The property has plenty of parking including assigned 18 garages and 7 parking spaces, As well as an on site laundry room, Spacious interior court yard located in the center of the property, fantastic location close to many major retail shops, schools and employment. The property is conveniently located less than a mile from 1-5 Freeway. This property provides and investor the opportunity to acquire an apartment building with exceptional valued- add upside in a premier solid rental location in the city of Anaheim.

Last Agent to Sell the Property

Flor Roman

Roman Realtors & Financial Ser License #01201196 Listed on: 02/10/2020

Last Buyer's Agent

Mark Bridge

Mark Bridge, Broker License #01316702

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 20,473 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Sprinkler System

Parking

  • 18 Car Direct Access Garage
  • 7 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Two Garage Doors
  • Garage Door Opener
  • Driveway
  • Assigned Parking

Home Design

  • Apartment
  • Flat Roof Shape
  • Frame Construction
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 13,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, telephone
  • Tax Lot 19
  • Tax Tract Number 3611
  • Assessor Parcel Number 13733213

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Leased Units
  • 16 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $2,400
  • Gardener Expense $1,200
  • Insurance Expense $4,500
  • Maintenance Expense $8,000
  • Professional Management Expense $13,392
  • Water Sewer Expense $8,400
  • New Taxes Expense $53,750
  • Operating Expense $94,552
  • Gross Income $222,241
  • Net Operating Income $193,998

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.47 Acres

Parking

18

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Professional Management Expense: 13392.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8400.00
  • Zoning: R4
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 13733213
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 310.61

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition, Flat, Shingle, Tar/Gravel
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 18.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Direct Garage Access, Driveway, Garage Faces Rear, Garage - Two Door, Garage Door Opener, Private, Side by Side
  • Total Parking Spaces: 25.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Sprinkler System
  • Lot Size Sq Ft: 20473.00
  • Lot Size Acres: 0.4700

Rental Info

  • Tenant Pays: Electricity, Telephone

Multi Family

  • Electric Expense: 2400.00
  • Fuel Expense: 2400.00
  • Garage Income: 3840.00
  • Gross Income: 222241.00
  • Gross Multiplier: 14.40
  • Gross Operating Income: 288550.00
  • Gross Scheduled Income: 291660.00
  • Gross Spendable Income: 288550.00
  • Insurance Expense: 4500.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1800.00
  • Lot Size Area: 20473.0000 Square Feet
  • Maintenance Expense: 8000.00
  • Net Operating Income: 193998.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Number With Disposal: 16
  • Number With Patio: 1
  • Number With Range: 16
  • Operating Expense: 94552.00
  • Rent Control: No
  • Total Actual Rent: 22755.00
  • Total Expenses: 94552.00

Tax Info

  • New Taxes Expense: 53750.00
  • Tax Census Tract: 875.04
  • Tax Lot: 19
  • Tax Tract Number: 3611
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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
12/02/2020 12/02/20 Sold $4,100,000 -4.6% $311 / Sq Ft
02/10/2020 02/10/20 For Sale $4,299,900 -- $326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $69,083 $6,017,049 $5,563,620 $453,429
2024 $69,083 $5,899,068 $5,454,529 $444,539
2023 $67,640 $5,783,400 $5,347,577 $435,823
2022 $50,312 $4,182,000 $3,799,500 $382,500
2021 $50,395 $4,100,000 $3,725,000 $375,000
2020 $30,580 $2,340,090 $1,864,701 $475,389
2019 $29,725 $2,294,206 $1,828,138 $466,068
2018 $29,129 $2,249,222 $1,792,292 $456,930
2017 $28,032 $2,205,120 $1,757,149 $447,971
2016 $27,937 $2,161,883 $1,722,695 $439,188
2015 $27,679 $2,129,410 $1,696,819 $432,591
2014 $26,045 $2,087,698 $1,663,580 $424,118
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20029966

California Regional Multiple Listing Service (CRMLS)
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