624 W Provential Drive

    Anaheim, CA 92805
    • $1,195,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: OC18127347
    UPDATED: 133 min ago
    $1,195,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,882
      SQFT
    • $308
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Excellent Investment Opportunity!! Huge potential upside cash cow with this 4 plex! All units have private patios and garage, street parking as well! Excellent tenants for years and seldom does a vacancy occur in this area. Low maintenance and Well maintained 4 - plex in the heart of Anaheim! Excellent mix of units all with 2 BR's and one with 1 bath and the other three with 1.5 BA's. There is a great opportunity to increase rents to market value and increase return on investment! Building is conveniently located very close to I-5 Freeway, 57 Freeway and 91 Freeways, and minutes away from Disneyland, Anaheim stadium, downtown, Honda Center and meat packing district. GRM and Cap Rate is based on actual numbers and not proforma!!!! You won't find a better opportunity than this one. Separate utility meters on each unit! Once new owner gets current market rents, income will be $72,000/year! Great upside potential for double digit ROI!!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-14T00:29:41.427. 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.
    www.playavistaliving.com/homes/84184400

    624 W Provential Drive Anaheim, CA 92805

    • Price: $1,195,000
    • Status: Active
    • Updated: 133 min ago
    • ID#: OC18127347
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    3,882
    SQFT
    $308
    $/SQFT
    1961
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    79 - Anaheim West of Harbor
    Property Description
    Excellent Investment Opportunity!! Huge potential upside cash cow with this 4 plex! All units have private patios and garage, street parking as well! Excellent tenants for years and seldom does a vacancy occur in this area. Low maintenance and Well maintained 4 - plex in the heart of Anaheim! Excellent mix of units all with 2 BR's and one with 1 bath and the other three with 1.5 BA's. There is a great opportunity to increase rents to market value and increase return on investment! Building is conveniently located very close to I-5 Freeway, 57 Freeway and 91 Freeways, and minutes away from Disneyland, Anaheim stadium, downtown, Honda Center and meat packing district. GRM and Cap Rate is based on actual numbers and not proforma!!!! You won't find a better opportunity than this one. Separate utility meters on each unit! Once new owner gets current market rents, income will be $72,000/year! Great upside potential for double digit ROI!!
    Exterior Features

    Garage Spaces 5.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area 970 Average Studio Area Units Square Feet Average1 Bed Area 970 Average1 Bed Area Units Square Feet Average2 Bed Area 970 Average2 Bed Area Units Square Feet Average3 Bed Area 970 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 4.70 Community Features Curbs Country Us Electric Expense 3000.00 Elevation Units Feet Fuel Expense 1649.00 Gardener Expense 800.00 Gross Income 66600.00 Gross Multiplier 17.90 Gross Operating Income 66600.00 Gross Scheduled Income 66600.00 Insurance Expense 1300.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 56751.00 New Taxes Expense 13145.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 9849.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Anaheim Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 66600.00 Total Expenses 22994.00 Trash Expense 400.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 1500.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Doug Merlino of Beach Pointe Properties Inc and Christina Curnyn of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-14T00:29:41.427. 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.
     
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