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    1214 S Kings Court Drive

    Anaheim, CA 92804
    • $895,000
    • STATUS: Pending
    • ON SITE: 118 days
    • ID#: OC20070166
    Pending
    UPDATED: 54 min ago
    $895,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,721
      SQFT
    • $520
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    This property is a currently operating, fully-licensed, Short-Term Rental, approved by the City of Anaheim with no requirement to stop operating in the future. There are 3 official bedrooms, plus a den (with an attached bathroom) which is used as a 4th guests room, 3 bathrooms and a fully equipped Kitchen, so your guests can cook meals for the group. While the property has 4 guests rooms, the STR license is for a 3 bedroom STR. It is located only 1.3 miles from Disneyland (4-minutes by car or Uber). This property has artificial grass to help keep maintenance costs low. With a ban on all NEW Anaheim short-term rentals, this is a great opportunity to get into the STR business with limited competition. The CAP Rate for this STR, based on 2019 ACTUAL numbers, is 7.1% (Self-Managed) and 5% with a 25% Professional Management Fee included.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T00:26:38.51. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/106415165
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    1214 S Kings Court Drive Anaheim, CA 92804

    • Price: $895,000
    • Status: Pending
    • Updated: 54 min ago
    • ID#: OC20070166
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1,721
    SQFT
    $520
    $/SQFT
    1959
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    79 - Anaheim West of Harbor
    Property Description
    This property is a currently operating, fully-licensed, Short-Term Rental, approved by the City of Anaheim with no requirement to stop operating in the future. There are 3 official bedrooms, plus a den (with an attached bathroom) which is used as a 4th guests room, 3 bathrooms and a fully equipped Kitchen, so your guests can cook meals for the group. While the property has 4 guests rooms, the STR license is for a 3 bedroom STR. It is located only 1.3 miles from Disneyland (4-minutes by car or Uber). This property has artificial grass to help keep maintenance costs low. With a ban on all NEW Anaheim short-term rentals, this is a great opportunity to get into the STR business with limited competition. The CAP Rate for this STR, based on 2019 ACTUAL numbers, is 7.1% (Self-Managed) and 5% with a 25% Professional Management Fee included.
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing Good Condition Garage Spaces 2.00 Lot Features Back YardLandscapedSprinklers In FrontSprinklers In Rear Lot Size Source Assessor Lot Size Units Square Feet Parking Features Direct Garage AccessDrivewayGarage Parking Total 6.00 Parking YN Yes Pool Features PrivateHeatedIn Ground Pool Private YN Yes Property Attached YN No Roof Shingle Spa Features Above Ground Spa YN Yes Uncovered Spaces 4.00 View None View YN No

    Interior Features

    Appliances DishwasherDisposalGas OvenGas RangeIce MakerMicrowaveRefrigeratorWater Heater Appliances YN Yes 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 Cooling Central AirElectric Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Laminate Heating Forced Air Heating YN Yes Interior Features Furnished Laundry Features Dryer IncludedGas Dryer HookupIn GarageWasher HookupWasher Included Levels One Room Type All Bedrooms DownKitchenMaster BathroomMaster BedroomWalk-In Closet Window Features Screens

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 1500.00 Cap Rate 7.10 Community Features Sidewalks Country Us Electric Expense 2195.00 Elevation Units Feet Exclusions Nothing Fuel Expense 1252.00 Gardener Expense 600.00 Gross Income 108010.00 Gross Operating Income 108010.00 Gross Scheduled Income 146073.00 Inclusions All FurnitureAppliancesFurnishing And Supplied Used To Operate The Str. Insurance Expense 2231.00 Land Lease YN No Laundry YN Yes Licenses Expense 536.00 Maintenance Expense 1200.00 Net Operating Income 63685.00 New Construction YN No New Taxes Expense 10740.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 1 Number With Dishwasher 1 Number With Disposal 1 Number With Patio 1 Number With Range 1 Number With Refrigerator 1 Operating Expense 44326.00 Operating Expense Percent 41.00 Other Expense 18372.00 Other Expense Description Tot/Mkt Pest Control Expense 504.00 Pool Expense 1800.00 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Unknown Supplies Expense 1200.00 Total Actual Rent 1.00 Total Expenses 44326.00 Trash Expense 878.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 38063 Vacancy Allowance Rate 26.00 Water Sewer Expense 1318.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Keith Powers of Alta Realty Group Ca, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T00:26:38.51. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
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