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Listed by GURJEET Kavita BHATIA • Acreage Real Estate
$2,299,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV-26196373
Year Built 1957
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Affordable & Well maintained 6 Units with Amenities that generates stable income with room to increase the rents. Located in a well-established residential neighborhood, the property provides stable rental income and long-term investment potential in one of Orange County's strongest multifamily markets. Ideally located in central Anaheim, the property offers convenient access to I-5 Fwy (± 1.5 miles), 91 Fwy (±2.5 miles), and the 57 Fwy (±4.5 miles), providing excellent connectivity throughout Orange County and the greater Los Angeles area. The property's central location places residents just minutes from many of Anaheim's most popular destinations, including the Anaheim Packing District and Downtown Anaheim (both approximately ±3.5 miles), Disneyland Resort and Downtown Disney District (±4.5 miles), Anaheim GardenWalk (±4.8 miles), Knott's Berry Farm (±5.0 miles), Angel Stadium (±5.5 miles), Honda Center (±5.8 miles), Cal State Fullerton (±6.5 miles), and The Outlets at Orange (±7.0 miles). Surrounded by shopping, dining, schools, parks, and major employment centers, the property benefits from strong rental demand and an exceptional central location, making it an attractive investment opportunity with long-term growth potential. Additionally, it's less than a quarter mile from the Anaheim Regional Medical Center, a 228-bed Hospital with 24 hrs. Emergency Room. Long-Term Tenancy -Many residents have occupied their units for more than ten years, suggesting stable occupancy but also indicating that rents may be significantly below current market levels. Utility Structure - Residents pay their own gas and electricity through separately metered services, limiting owner operating expenses. All Units are 2 Bedrooms and 1 Bath with laundry hook-ups in each, and covered carports for private parking in the rear of the property. There is also plentiful street parking. You can purchase this in conjunction with the neighboring property, 1138 N. Mayfair Ave.
Location
State CA
County Orange
Area 79 - Anaheim West Of Harbor
Interior
Laundry Gas & Electric Dryer Hookup, Washer Hookup
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Walkstreet, Yard, Lot Over 40000 Sqft, Paved
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900