2041 S Sprague Lane, Anaheim, CA 92802
- $1,600,000
- Sold Price
- $1,600,000
- List Price
- $1,675,000
- Closing Date
- Mar 25, 2024
- Status
- CLOSED
- MLS#
- PW23197727
- Year Built
- 1963
- Lot Size
- 10,019
- Acres
- 0.23
- Lot Location
- 2-5 Units/Acre, Cul-De-Sac, Front Yard, Sprinklers Timer, Sprinkler System
- Days on Market
- 119
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- , Anaheim Resort
Property Description
Excellent Investment/Development Opportunity with Many Options for Huge Gains on this property w/Oversized Lot! Planning Department Pre-Approved! Being Sold w/ Ready-to-Issue (RTI) from Planning Departments (in process) to Develop two (2), 800 sf 2 Bed/2Bath ADU’s, 12 New Parking (6 Garages / 6 carports), four (4) Storage units (income), & Laundry Room (income)!! This garden-style two-story walk-up 4-plex consists of 4 units, all units - 2 bed / 2 bath, w/big front patios, six (6) - 1-car garages located on a Huge Lot at the end of the Cul-De-Sac! Has an onsite laundry room w/Brand New (owner owned) coin-op machines w/great revenue! All units are occupied w/great Long Term Tenants w/significant upside in rents for the future! Following Renovations were done July 2023, New ridge caps on roof, New Water Heaters, exterior paint, metal rails/fencing painted, 2 brand new coin-operated washer & dryer, concrete repair/surfacing on stairs & patios, & landscape. This lot is Zoned for 7 units! or outfitted for two (2) 800 sq ft ADU’s. Being sold with permits to build two (2) ADU's and six (6) new garages. Near Disneyland Park, Angel Stadium, Anaheim Convention Center, the Platinum Triangle, Honda Center, and the future site of OC VIBE! making this a Very In-Demand Rental Market Now and in the Future! The property is also conveniently located Near CA-5 & CA-22, & CA-57
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Additional Information
- Appliances
- Gas Cooktop, Gas Oven, Gas Range, Water Heater, Dryer, Washer
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $84,060
- Operating Expense
- 35842
Listing courtesy of Listing Agent: Johnny Moreno (johnny@mbthrealty.com) from Listing Office: Realty Pro 100.
Listing sold by Mina Saghafi from Nationwide Realty Inc.
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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.