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909-224-5786
Realty One Group West
2115 Broden Street, Anaheim, CA 92802
- $1,320,000
- List Price
- $1,320,000
- Price Change
- ▼ $30,000 1790662113
- Status
- ACTIVE
- MLS#
- PW25199885
- Year Built
- 1964
- Lot Size
- 3,478
- Acres
- 0.08
- Lot Location
- Sprinklers In Front, Near Public Transit, Sprinkler System, Street Level
- Days on Market
- 397
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
- Neighborhood
- Holiday Harbor Iii Hoa
Property Description
$9,000 rent per month lease back (triple net NNN) with a full price offer (all cash or 1031 exchange) is available. With normal operating expenses this investment has a Cap Rate of 6.32%, which is much higher than the normal CAP rate range of 4 to 5% for this type of investment. Net Operating Income (NOI) is estimated at $83,400. The GRM is 12.2. The HOA monthly dues are $265 for each unit; the benefits to the owner are: no fire insurance expense, no utility bills, no landscape/gardener bills, no pool service bills, no grounds maintenance expenses, no laundry room maintenance, no roof expenses, no building maintenance expenses, no patrol service expenses, no trash removal expenses, no exterior plumbing expenses, no exterior electrical expenses. Since the HOA takes care of all exterior maintenance and repair problems this investment takes very little time to manage. All three units are tenant occupied with Apartment Association formatted leases that protect the lessor. The 59 photographs include 16 exterior and 43 interior photos. The three Units have almost the same floor plan, so the 43 interior photos represent all three Units. All three units have 972 sq feet of living area, 2 bedrooms, 2 bathrooms, a laundry room between the kitchen and main bathroom, a very large family room open to the dining area and kitchen, and garage parking. Two of the units have fireplaces. There are no vacancies nearby with all these features; the rare inclusion of both a laundry room and garage parking with each unit makes it very easy to find new tenants when a tenant does leave. 2115 Broden St. is an ideal investment for an investor who wants zero management responsibilities. Price just reduced for a quick sale. Priced @ $73k under recently closed sale of adjoining similar building ! Inquire for further details !
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Additional Information
- Taxes
- $5,788
- HOA
- 795
- Frequency
- Monthly
- Association Amenities
- Insurance, Maintenance Front Yard, Picnic Area, Pool, Trash, Water
- Appliances
- Electric Range, Electric Water Heater, Disposal
- Pool Description
- Fenced, Gunite, In Ground, Association
- Fireplace Description
- Living Room, Masonry, Wood Burning
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Stucco, Wood Siding
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Sewer Tap Paid
- Water
- Public
- Interior Features
- All Bedrooms Down, Bedroom on Main Level, Utility Room, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $108,000
- Operating Expense
- 24600
Listing courtesy of Listing Agent: Rick Violett (rviolett@gmail.com) from Listing Office: Investment Brokers O.C..
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.