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    3147 W Lanerose Drive

    Anaheim, CA 92804
    • $2,050,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: OC20192151
    UPDATED: 36 min ago
    $2,050,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,290
      SQFT
    • $388
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    The Lanerose Drive Apartments is a six-unit apartment building located in the highly desirable City of Anaheim within the greater Orange County area. The subject property is located in a quiet residential community of predominantly single-family homes and provides easy access to freeways, retail, schools, entertainment, and employment.Built in 1970, the property offers an attractive unit mix solely comprised of two-bedroom/ two-bathroom units totaling 5,290 square feet, situated over a large 16,393 square foot lot. The subject property has gone through recent renovations of the interiors and exterior. Tenant amenities include ample on-site parking including enclosed garages, on-site laundry facility, patios, balconies, and a large private garden common area in rear of property.This offering represents a rare opportunity for an investor to achieve a 4.5% CAP Rate / 6.8% total return on a stable and well-located investment property in the solid rental market of West Anaheim, California.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T16:32:51.34. 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/110029682
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    3147 W Lanerose Drive Anaheim, CA 92804

    • Price: $2,050,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: OC20192151
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    5,290
    SQFT
    $388
    $/SQFT
    1970
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    The Lanerose Drive Apartments is a six-unit apartment building located in the highly desirable City of Anaheim within the greater Orange County area. The subject property is located in a quiet residential community of predominantly single-family homes and provides easy access to freeways, retail, schools, entertainment, and employment.Built in 1970, the property offers an attractive unit mix solely comprised of two-bedroom/ two-bathroom units totaling 5,290 square feet, situated over a large 16,393 square foot lot. The subject property has gone through recent renovations of the interiors and exterior. Tenant amenities include ample on-site parking including enclosed garages, on-site laundry facility, patios, balconies, and a large private garden common area in rear of property.This offering represents a rare opportunity for an investor to achieve a 4.5% CAP Rate / 6.8% total return on a stable and well-located investment property in the solid rental market of West Anaheim, California.
    Exterior Features

    Garage Spaces 6.00 Lot Features LandscapedNear Public TransitYard Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 2.00

    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 No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.50 Community Features SidewalksStorm DrainsStreet Lights Country Us Electric Expense 1140.00 Elevation Units Feet Fuel Expense 1140.00 Gross Income 131784.00 Gross Multiplier 15.56 Gross Operating Income 131784.00 Gross Scheduled Income 128304.00 Insurance Expense 1880.00 Land Lease YN No Laundry Income 3480.00 Laundry YN Yes Net Operating Income 92337.00 New Construction YN No New Taxes Expense 23373.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 35493.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 35493.00 Trash Expense 1140.00 Vacancy Allowance 3954 Vacancy Allowance Rate 3.00 Water Sewer Expense 1140.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Greg Bassirpou of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T16:32:51.34. 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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