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2115 S Broden Street

Anaheim, CA 92802
  • $1,490,000
  • STATUS: ACTIVE
  • ON SITE: 52 Days
  • ID#: PW24030001
$1,490,000
  • 6
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This is a stand-alone single-story Ranch style building that is one condominium unit with three separate (A, B, and C.) 2 bed, 1 bathroom apartments with a walk-in laundry room/Pantry, a huge (23 ft. X 18 ft.) Great Room, wall ac units, and 4 assigned garage parking spaces; features that make these rental units earn higher rents and lower vacancies than other 2 bedroom rentals. This income producing property is ideal for Income investors who want minimum management headaches - the owner does not have to manage the maintenance and repairs of the swimming pool, park-like common areas, laundry room, and garages for each apartment. The property owner will also not have to pay for insurance, patrol service, painting, roofs, or any exterior maintenance and repairs - all paid by and managed by the HOA. The monthly HOA dues are less than the cost of all services if there were no HOA. This income property has a GRM of 16.67 and a Cap Rate of 5.03%; both favorable numbers compared to similar properties. Drive by only, subject to interior inspection. This is a stand-alone single-story Ranch style building that is one condominium unit with three separate (A, B, and C.) 2 bed, 1 bathroom apartments with a walk-in laundry room/Pantry, a huge (23 ft. X 18 ft.) Great Room, wall ac units, and 4 assigned garage parking spaces; features that make these rental units earn higher rents and lower vacancies than other 2 bedroom rentals. This income producing property is ideal for Income investors who want minimum management headaches - the owner does not have to manage the maintenance and repairs of the swimming pool, park-like common areas, laundry room, and garages for each apartment. The property owner will also not have to pay for insurance, patrol service, painting, roofs, or any exterior maintenance and repairs - all paid by and managed by the HOA. The monthly HOA dues are less than the cost of all services if there were no HOA. This income property has a GRM of 16.67 and a Cap Rate of 5.03%; both favorable numbers compared to similar properties. Drive by only, subject to interior inspection.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/148075795
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2115 S Broden Street Anaheim, CA 92802

  • Price: $1,490,000
  • Status: ACTIVE
  • On Site: 52 Days
  • ID#: PW24030001
6
Beds
0
Baths
0
½ Baths
0.09
Acres
Neighborhood:
Oc - Anaheim (92802)
County:
Orange
Area:
Oc - Anaheim (92802)
Property Description
This is a stand-alone single-story Ranch style building that is one condominium unit with three separate (A, B, and C.) 2 bed, 1 bathroom apartments with a walk-in laundry room/Pantry, a huge (23 ft. X 18 ft.) Great Room, wall ac units, and 4 assigned garage parking spaces; features that make these rental units earn higher rents and lower vacancies than other 2 bedroom rentals. This income producing property is ideal for Income investors who want minimum management headaches - the owner does not have to manage the maintenance and repairs of the swimming pool, park-like common areas, laundry room, and garages for each apartment. The property owner will also not have to pay for insurance, patrol service, painting, roofs, or any exterior maintenance and repairs - all paid by and managed by the HOA. The monthly HOA dues are less than the cost of all services if there were no HOA. This income property has a GRM of 16.67 and a Cap Rate of 5.03%; both favorable numbers compared to similar properties. Drive by only, subject to interior inspection. This is a stand-alone single-story Ranch style building that is one condominium unit with three separate (A, B, and C.) 2 bed, 1 bathroom apartments with a walk-in laundry room/Pantry, a huge (23 ft. X 18 ft.) Great Room, wall ac units, and 4 assigned garage parking spaces; features that make these rental units earn higher rents and lower vacancies than other 2 bedroom rentals. This income producing property is ideal for Income investors who want minimum management headaches - the owner does not have to manage the maintenance and repairs of the swimming pool, park-like common areas, laundry room, and garages for each apartment. The property owner will also not have to pay for insurance, patrol service, painting, roofs, or any exterior maintenance and repairs - all paid by and managed by the HOA. The monthly HOA dues are less than the cost of all services if there were no HOA. This income property has a GRM of 16.67 and a Cap Rate of 5.03%; both favorable numbers compared to similar properties. Drive by only, subject to interior inspection.
Exterior Features

Exterior Stucco Parking Garage Desc Unit1 Assigned Pool Below Ground Roof Composition Site Sidewalks Units With Patios 0

Interior Features

Cooling Wall/Window Heat Equipment Radiant Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Units With Cooling 6 Units With Range Oven 3 Units With Refrigerators 0 Units With Washers 0

Property Features

Actual Cap Rate 5.0 Annual Expense Actual 14402 Buildings 1 Cfd Mello Roos Fee 743.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 16.67 Gross Scheduled Income Actual 89400 Home Owners Assoc Fee Includes Exterior (Landscaping)Gated CommunityLimited InsuranceTrash PickupWaterOther/Remarks Home Owners Fees 735.0 Monthly Total Fees 796 Possession Close of Escrow Security Gated Community Tenant Pays Cable TVElectricity Terms Exchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 2560.0 Unit2 Rent Actual 2300.0 Unit3 Rent Actual 2590.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Paula Barrett Ruiz of T.N.G. Real Estate Consultants: 714-719-6223. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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