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    2070 S Mountain View Avenue

    Anaheim, CA 92802
    • $4,299,900
    • STATUS: Active
    • ON SITE: 256 days
    • ID#: PW20029966
    UPDATED: 27 min ago
    $4,299,900
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,200
      SQFT
    • $326
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Fantastic opportunity to buy 16 units, Corner building. HIGHER INCOME with exterior renovation in July 2019. This 16 unit Multi- Family Property has a nice curb appeal with a strong current cap rate above 4.5% and over 5% on market. Built in 1962, The building has 13,200 rentable square feet spread across a lot size totaling 0.48 acres. This building offers (14)units 2 bedroom 1 bath, and (2) 1 bedroom 1 bath. Tenants have their own electric meters, The building has a gated front yard, nicely landscaped with grass, trees and plants. The property has plenty of parking including assigned 18 garages and 7 parking spaces, As well as an on site laundry room, Spacious interior court yard located in the center of the property, fantastic location close to many major retail shops, schools and employment. The property is conveniently located less than a mile from 1-5 Freeway. This property provides and investor the opportunity to acquire an apartment building with exceptional valued- add upside in a premier solid rental location in the city of Anaheim.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T18:32:14.433. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/103274390
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    2070 S Mountain View Avenue Anaheim, CA 92802

    • Price: $4,299,900
    • Status: Active
    • Updated: 27 min ago
    • ID#: PW20029966
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    13,200
    SQFT
    $326
    $/SQFT
    1962
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    79 - Anaheim West of Harbor
    Property Description
    Fantastic opportunity to buy 16 units, Corner building. HIGHER INCOME with exterior renovation in July 2019. This 16 unit Multi- Family Property has a nice curb appeal with a strong current cap rate above 4.5% and over 5% on market. Built in 1962, The building has 13,200 rentable square feet spread across a lot size totaling 0.48 acres. This building offers (14)units 2 bedroom 1 bath, and (2) 1 bedroom 1 bath. Tenants have their own electric meters, The building has a gated front yard, nicely landscaped with grass, trees and plants. The property has plenty of parking including assigned 18 garages and 7 parking spaces, As well as an on site laundry room, Spacious interior court yard located in the center of the property, fantastic location close to many major retail shops, schools and employment. The property is conveniently located less than a mile from 1-5 Freeway. This property provides and investor the opportunity to acquire an apartment building with exceptional valued- add upside in a premier solid rental location in the city of Anaheim.
    Exterior Features

    Construction Materials FrameStucco Fence YN Yes Fencing Wrought Iron Garage Spaces 18.00 Lot Features Rectangular LotSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCoveredDirect Garage AccessDrivewayGarage Faces RearGarage - Two DoorGarage Door OpenerPrivateSide By Side Parking Total 25.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof CompositionFlatShingleTar/Gravel Uncovered Spaces 7.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating Wall FurnaceNatural Gas Heating YN Yes Laundry Features Common AreaCommunityIndividual Room Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.60 Community Features Street Lights Country Us Electric Expense 2400.00 Elevation Units Feet Fuel Expense 2400.00 Garage Income 3840.00 Gardener Expense 1200.00 Gross Income 222241.00 Gross Multiplier 14.40 Gross Operating Income 288550.00 Gross Scheduled Income 291660.00 Gross Spendable Income 288550.00 Insurance Expense 4500.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 1800.00 Laundry YN Yes Licenses Expense 110.00 Maintenance Expense 8000.00 Net Operating Income 193998.00 New Construction YN No New Taxes Expense 53750.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 16 Number With Disposal 16 Number With Patio 1 Number With Range 16 Operating Expense 94552.00 Professional Management Expense 13392.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other N/A Tenant Pays ElectricityTelephone Total Actual Rent 22755.00 Total Expenses 94552.00 Trash Expense 0.00 Utilities Cable AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 8750 Water Sewer Expense 8400.00 Water Source Public Year Built Source Assessor Zoning R4

    Listing provided courtesy of Flor Roman of Roman Realtors & Financial Ser


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T18:32:14.433. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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