924 Arden Place

Anaheim, CA 92802

$2,640,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $324 / sqft

1960

calendar_month Built

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.

Listing Information

Close Price $2,640,000
Close Date Wednesday, January 24th, 2024
Status Closed
MLS 23323265
Type Residential Income
Year Built 1960
Lot Size 13,068
Structure Size N/A
DOM 25
Courtesy Of Matthews Real Estate Investment Services
Listing Agent Kamfar Kyle Mirrafati DRE#01911204

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Kamfar Kyle Mirrafati, Matthews Real Estate Investment Services . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 24th, 2024 at 2:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.