$1,675,000
$20K PRICE DROP

938 S Gilbuck Dr Anaheim, CA 92802

West Anaheim Neighborhood

Estimated payment $10,477/month

Total Views 17,786
3 Beds
2 Baths
2,932 Sq Ft
$571 Price per Sq Ft

About This Home

The Gilbuck Apartments are in the prime, rental market of Anaheim, CA surrounded by employment, educational, recreational and retail opportunities. The Anaheim rental market is one of the most robust in the county with historically high occupancy, strong rental growth, and highly desirable location. The property, built in 1960, is entirely single-story construction, offers tenants carport parking, individual metering for utilities, and a desirable unit mix of 80% one-bedroom and 20% two-bedroom units. The property's location offers tremendous access to freeways for tenants to reach the greater socal area and other employment opportunities. Within the immediate area of the Gilbuck Apartments are thousands of employment opportunities, recreational opportunities including public parks, movie theaters, and Disneyland, retail and shopping centers, and numerous educational opportunities.

Listing Agent

Jason Kirklen

Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 04/15/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 2,932 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 85
  • Tax Tract Number 1812
  • Assessor Parcel Number 25017406
  • $19,436 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $884
  • Fuel Expense $2,396
  • Gardener Expense $1,639
  • Insurance Expense $3,148
  • Maintenance Expense $4,725
  • Pest Control $915
  • Professional Management Expense $5,527
  • Trash Expense $1,320
  • Water Sewer Expense $2,628
  • New Taxes Expense $19,436
  • Operating Expense $43,117
  • Gross Income $129,002
  • Net Operating Income $85,886

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

5

Listing Details

  • Professional Management Expense: 5527.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2628.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1639.00
  • Parcel Number: 25017406
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 571.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 915.00
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Garage Rental Rate: 31.00

Multi Family

  • Electric Expense: 884.00
  • Fuel Expense: 2396.00
  • Garage Income: 155.00
  • Gross Income: 129002.00
  • Gross Operating Income: 129002.00
  • Gross Scheduled Income: 121920.00
  • Insurance Expense: 3148.00
  • Laundry Income: 300.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 4725.00
  • Net Operating Income: 85886.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 43117.00
  • Other Income1: 75.00
  • Other Income2: 365.00
  • Other Income Description: Storage and RUBS
  • Rent Control: Yes
  • Total Expenses: 43117.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19436.00
  • Tax Census Tract: 871.06
  • Tax Lot: 85
  • Tax Tract Number: 1812
  • TaxOtherAnnualAssessmentAmount: 19436.00

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 List to Sale Price per Sq Ft
06/26/2025 06/26/25 Price Changed $1,675,000 -1.2% $571 / Sq Ft
04/15/2025 04/15/25 For Sale $1,695,000 -- $578 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25082967

California Regional Multiple Listing Service (CRMLS)
California Orange County Anaheim 92802 West Anaheim

938 S Gilbuck Dr, Anaheim, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Jason Kirklen
Listing Agent
Jason Kirklen
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Kirklen Investment Group
(657) 300-4752