NOT LISTED FOR SALE
1 Bed
1 Bath
11,200 Sq Ft
0.36 Acres

Last Sold September 22, 2023

Last sale price $4,200,000 $375 Per Sq Ft

145 Days on Market

Highlights

  • 0.36 Acre Lot
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Quartz Countertops
  • No HOA
  • Laundry Room

About This Home

As of September 2023

320-404 W Guinida Lane are 16 Turn-Key units located in Anaheim, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Disneyland Park, California Adventure Park, ARTIC Train Station, Orange Grove Elementary, West Coast University, Angel’s Stadium, Honda Center, and a Walmart Shopping Center.

Built in 1957, the property had a major interior and exterior renovation in 2022-2023. The property is a two-story garden-style walk-up. There are two laundry rooms, of which one is being used for laundry and the other is owner storage. There is a central courtyard for tenants to enjoy. Each unit is separately metered for electricity, tenants pay for trash, and the owner pays for water. Each of the 16 one-bedroom one-bathroom units have had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new courtyard concrete and BBQ area, new landscaping, newly paved parking lot, some new fencing and paint, and new wall air conditioning. The property has no tuck under parking.

These 16 units are conveniently located less than 1,000 feet from Disneyland Resort, Disney California Adventure Park, Anaheim Marketplace, Orange Grove Elementary School, Paul Revere Elementary School and Park, and Interstate 5 Freeway. The property is less than a mile from many major retail centers and employment opportunities.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 04/13/2023

Last Buyer's Agent

Sylvia Girgis

Circa Properties, Inc. License #02091710

Circa Properties, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.36 Acre Lot
  • 1 Common Wall
  • Fenced
  • New Fence
  • Private Yard
  • Density is 16-20 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor
  • Turnkey
  • Composition Roof

Interior Spaces

  • 11,200 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Central Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 1082 / 412
  • Tax Tract Number 17
  • Assessor Parcel Number 08241217
  • $3,971 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Leased Units
  • 17 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $4,995
  • Gardener Expense $2,400
  • Insurance Expense $3,670
  • Maintenance Expense $8,000
  • Other Expense $12,877
  • Pest Control $600
  • Professional Management Expense $13,814
  • Water Sewer Expense $6,181
  • New Taxes Expense $47,850
  • Operating Expense $101,547
  • Gross Income $345,360
  • Net Operating Income $237,052

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • CapRate: 5.45
  • Professional Management Expense: 13814.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Anaheim Resort
  • View: No
  • Water Sewer Expenses: 6181.00
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 08241217
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Quartz Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 375.00

Exterior Features

  • Fence: Yes
  • Fencing: New Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 16.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Range Hood, Water Heater Central
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Yard
  • Lot Size Sq Ft: 15681.60
  • Lot Size Acres: 0.3600

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Electric Expense: 1200.00
  • Fuel Expense: 4995.00
  • Gross Income: 345360.00
  • Gross Multiplier: 12.47
  • Gross Operating Income: 338599.00
  • Gross Scheduled Income: 345360.00
  • Gross Spendable Income: 236502.00
  • Insurance Expense: 3670.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 3600.00
  • Lot Size Area: 0.3600 Acres
  • Maintenance Expense: 8000.00
  • Net Operating Income: 237052.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Number With Disposal: 16
  • Number With Range: 16
  • Operating Expense: 101547.00
  • Other Expense: 12877.00
  • Other Expense Description: Other Ex
  • Rent Control: No
  • Total Actual Rent: 28780.00
  • Total Expenses: 101547.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 47850.00
  • Tax Block: 412
  • Tax Lot: 1082
  • Tax Tract Number: 17
  • TaxOtherAnnualAssessmentAmount: 3971.00

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
09/22/2023 09/22/23 Sold $4,200,000 -3.4% $375 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
06/12/2023 06/12/23 Price Changed $4,350,000 -1.1% $388 / Sq Ft
05/08/2023 05/08/23 Price Changed $4,400,000 -1.1% $393 / Sq Ft
04/13/2023 04/13/23 For Sale $4,450,000 -- $397 / 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: OC23055998

California Regional Multiple Listing Service (CRMLS)