$3,420,000

Estimated payment $22,308/month

Total Views 10,477
2 Beds
1 Bath
6,440 Sq Ft
$531 Price per Sq Ft

About This Home

This 8-unit apartment building is located at 421 North Rose Street in Anaheim, CA. The property benefits from its excellent unit mix of 100% two-bedroom units, as well as two-story construction. The property is very well-maintained and spacious. The interior and exterior were recently renovated and each unit includes it's own, individual water heater.

The property boasts eight (8), single parking spaces and is separately metered for gas and electricity. The desirable unit mix and amenities keep occupancy high and cash flow strong. The Anaheim rental market remains strong, as it's one of the top cities in the US in terms of rent growth. Tenants also benefit from proximity to major freeways like the 91, 57, and 5 freeways as well as a variety of shopping, entertainment, educational, and occupational opportunities.

Listing Agent

Jason Kirklen

Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 04/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 6,440 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 2723
  • Assessor Parcel Number 03522314
  • $2,130 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,414
  • Insurance Expense $7,277
  • Maintenance Expense $8,984
  • Pest Control $1,624
  • Professional Management Expense $10,459
  • Supplies Expense $750
  • Trash Expense $2,112
  • Water Sewer Expense $4,205
  • New Taxes Expense $39,720
  • Operating Expense $78,706
  • Gross Income $226,034
  • Net Operating Income $147,328

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • CapRate: 4.31
  • Price Per Unit: 427500
  • Professional Management Expense: 10459.00
  • Property Attached: Yes
  • Supplies Expense: 750.00
  • Water Sewer Expenses: 4205.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 03522314
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: courtyard
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 531.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: No
  • Pest Control Expense: 1624.00
  • Sewer: Public Sewer
  • Trash Expense: 2112.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 1414.00
  • Gross Income: 226034.00
  • Gross Multiplier: 14.72
  • Gross Operating Income: 226034.00
  • Gross Scheduled Income: 232380.00
  • Insurance Expense: 7277.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 8984.00
  • Net Operating Income: 147328.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 78706.00
  • Other Income1: 625.00
  • Other Income Description: Late Charges, NSF, Misc Fees
  • Rent Control: Yes
  • Total Expenses: 78706.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 39720.00
  • Tax Census Tract: 873.01
  • Tax Lot: 50
  • Tax Tract Number: 2723
  • TaxOtherAnnualAssessmentAmount: 2130.00

Map

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 Change Sq Ft Price
04/01/2025 04/01/25 For Sale $3,420,000 +107.3% $531 / Sq Ft
09/30/2016 09/30/16 Sold $1,650,000 -2.9% $256 / Sq Ft
07/05/2016 07/05/16 For Sale $1,700,000 -- $264 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25070755

California Regional Multiple Listing Service (CRMLS)