924 S Arden Place, Anaheim, CA 92802
- $2,640,000
- 12
- BD
- 12
- BA
- 8,636
- SqFt
- Sold Price
- $2,640,000
- List Price
- $2,800,000
- Closing Date
- Jan 24, 2024
- Status
- CLOSED
- MLS#
- 23323265
- Year Built
- 1960
- Bedrooms
- 12
- Bathrooms
- 12
- Living Sq. Ft
- 8,636
- Lot Size
- 13,068
- Acres
- 0.30
- Days on Market
- 25
- Property Type
- Multifamily
- Stories
- Two Levels
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.
/u.realgeeks.media/ericengelbert/Realtor-Orange-County.png)
Additional Information
- Heat
- Wall Furnace
- Cooling Description
- None
- Garage Spaces Total
- 12
- Attached Structure
- Detached
- Number Of Units Total
- 10
Listing courtesy of Listing Agent: Kamfar Kyle Mirrafati (kyle.mirrafati@matthews.com) from Listing Office: Matthews Real Estate Investment Services.
Listing sold by Ryan Zhou from GoGo Realtors R.H. Corp
Mortgage Calculator
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.