Off Market 4 Units - Anaheim
Call 714-742-3700 for Address
DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.
Offered
at:
$1,600,000
Property Description
We are pleased to present a 4-unit multifamily investment property located in the City of Anaheim. Built in 1962 the subject property offers an exceptional unit mix comprised of 100% large 2-bedroom units. Situated on a large 8,552 square foot lot. Ownership has a recently installed a commercial grade 100 gallon water heater. Amenities include on-site laundry, private patios, private balconies, and gated entry. Property also has (5) enclosed garages. Current rents will be increased 10% effective September 1, 2022. New gross scheduled income at that time will be approx. $95,000. Great location – close to Disneyland, Anaheim Convention Center, Angel Stadium of Anaheim and 5 freeway.
LIVING IN ANAHEIM
Anaheim is a large city located in the state of California. With a population of 353,085 people and 59 constituent neighborhoods, Anaheim is the tenth largest community in California.
Anaheim is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Anaheim is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Anaheim who work in office and administrative support (12.57%), sales jobs (10.89%), and management occupations (8.37%).
Anaheim is one of the most attractive larger cities for people who are young, single, educated, and upwardly-mobile career starters. This makes it a good place to live for young singles in their 20s and 30s and who have undergraduate or graduate degrees and are starting their professional careers. Although Anaheim is a large city, this demographic is significant enough that young professionals will find many others like themselves here, with really good opportunities for friendships, recreation, romance, and more.
Anaheim is one of the most car-oriented large cities in America. A full 80.07% of people drive their car alone to work each day. If you like to drive, you'll love it. And you better. Because walking to work is just not a viable option for most people who live in Anaheim. Highways, wide streets, parking lots, and shopping centers are part of the common Anaheim landscape.
In terms of college education, Anaheim is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 25.49% of adults 25 and older in the city have at least a bachelor's degree.
Financial Details
| Price: $1,600,000 | Cost Per Unit: $400,000 | Current GRM: 18.53 | Current Cap: 3.60% | Approx. Sq.Ft.: 4,314 Sq. Ft. | Lot Size: 8,712 Sq. Ft. |
| Down Payment: $640,000 (40%) | Percent Down: 40% | Market GRM: 16.8 | Market Cap: 4.12% | Cost per Sq.Ft.: $370 | Year Built: 1962 |
Current Income
| One 2-Bedroom 2-Bath | $1,907 |
| Three 2-Bedroom 1-Bath | $1,761.66 |
| Monthly Total | $7,192 |
Market Rents
| No available entries | |
| Total Market GSI | $95,000 |
Cash Flow Analysis
| Gross Scheduled Income | $86,304 |
| Operating Expenses | $29,062 |
| Net Operating Income | $57,615 |
Acquisition Data
| Down Payment | $640,000 (40%) |
| Loan Amount | $960,000 (60%) |
Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.