Movoto Real Estate
Sold on 11/13/2023

924 S Arden Pl, Anaheim, CA 92802

  • $3,522,180

    Last sold 11/13/2023 for $2.64M

  • 12

    bed

  • 12

    bath

  • 8,636

    Sqft ($306/Sqft)

Multi-family not for sale
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About 924 S Arden Pl

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 0.3 Acre
Movoto estimate
Parking 12 garage spaces
Property description
We are pleased to offer the opportunity to acquire 924 South Arden Place, a 10-unit apartment building nestled in the heart of Anaheim. Constructed in 1960, this 8,640 SqFt building sits on a large corner lot featuring a great unit mix of eight (8) one-bedroom/one-bathroom units, and two (2) two-bedroom/two-bathroom units which caters to a diverse tenant base. One of its standout features is the abundance of on-site parking which includes six (6) double-car garages situated at the rear of the building, and featuring an on-site laundry facility for additional income and convenience. This is an incredible opportunity for an investor to capitalize on the 30% rental upside potential by executing a strategic renovation plan to substantially boost net income. With this rare buying opportunity, an investor will enjoy a healthy rental income year 1, the ability to capture the significant upside potential, and take advantage of the fundamentals fueling the rental neighborhood of Anaheim for years to come.
Listed by
Listing Agent - Kamfar Kyle Mirrafati
Listing Office - Matthews Real Estate Investment Services
Source: The MLS mls logo
MLS#23-323265 • last updated 2 years ago
Movoto checked The MLS for data 9 minutes ago
Overview
Levels/Style Two
MLS # 23-323265
Type Residential Income
Status Sold
SqFt 8636
Lot Size (SqFt) 13068
Lot Size (Acres) 0.3
Year Built 1960
Interior
Total # of Baths 12
Total # of Bedrooms 12
Exterior
# Garage Spaces 12
# Parking Spaces 12
Parking Desc Garage Is Detached
Add'l Structures None
Amenities / Utilities
Equipment Other
Location
County Orange
APN 250-151-23
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 15600
Unit 1: # Beds 1
Unit 1: Rent 1489
Unit 2: Rent 1925
Unit 2: Furnished No
Unit 2: Projected Rent 4990
Unit 2: # Beds 2
Unit 2: # Baths 2
Unit 1: # Baths 1
Unit 2: Actual Rent 3850
Unit Type 2106, 2107
Unit 1: Actual Rent 11911
Total # Of Buildings 1
Net Operating Income 123977
Cap Rate 4.43
Gross Income 189132
Gross Operating Income 184401
Gross Rent Multiplier 14.73
Total Annual Expenses 60424

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Nearby homes for sale in Anaheim, CA

  • Real Estate
  • CA
  • Orange County
  • Anaheim
  • 92802
  • West Anaheim
  • 924 S Arden Pl
$3.52M
Range: $3.16M-$3.87M
Last 30 days 

Nearby recently sold homes in Anaheim, CA

  • Jan 2024
    mls logo MLS # 23-323265
  • Jan 24, 2024 Sold
  • Nov 13, 2023 Active
  • Oct 19, 2023 Listed
    $2,800,000
  • 924 S Arden Pl
    $2.64M
  • West Anaheim
    $378K
  • 92802
    $748K -14% y/y
  • Anaheim
    $850K 0% y/y
No chart available
Statistics calculated by Movoto
2/10
5/10
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