$1,650,000
SOLD SEP 30, 2016
16 Beds
8 Baths
6,443 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$256 Per Sq Ft

3% Below List Price

48 Days on Market

About This Home

As of September 2016

Located a half mile south of the 91 freeway and Raymond the subject property offers a great unit mix of all two-bedroom/ one-bath units. They are approximately 800 to 815 square-feet each and include their own individual water heaters. The building is individually metered for gas and electric.

PRO FORMA CAP @ 1395 rents = 5.42% & 12.69 GRM

The property is located in a dense market of Anaheim and offers a potential investor to own in the City of Anaheim. Historically known for their low utilities, this property provides a great cash on cash return with today's available interest rates

Last Agent to Sell the Property

Sheil Stampwala

Marcus & Millichap RE Invest License #01859094 Listed on: 07/05/2016

Last Buyer's Agent

Adam Cutrell

TS Hotel Advisors Inc License #01302328

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls

Home Design

  • 6,443 Sq Ft Home

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 2723
  • Assessor Parcel Number 03522314

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Insurance Expense $2,500
  • Maintenance Expense $4,000
  • Supplies Expense $1,600
  • Water Sewer Expense $2,440
  • New Taxes Expense $20,763
  • Gross Income $9,645
  • Net Operating Income $81,360

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Attached: No
  • Supplies Expense: 1600.00
  • Water Sewer Expenses: 2440.00
  • Property Type: Residential Income
  • Parcel Number: 03522314
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 256.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6970.00
  • Price Per Lot Square Foot: 243.90

Multi Family

  • Electric Expense: 200.00
  • Gross Income: 9645.00
  • Gross Scheduled Income: 118035.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 4000.00
  • Net Operating Income: 81360.00
  • 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: 33203.00
  • Rent Control: No
  • Vacancy Allowance: 3472
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20763.00
  • Tax Lot: 50
  • Tax Tract Number: N-2723

Range of Values:

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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 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)

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: OC16146209

California Regional Multiple Listing Service (CRMLS)