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924 S Arden Pl Anaheim, CA 92802
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Key Details
Sold Price $2,640,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,636 sqft
Price per Sqft $305
MLS Listing ID 23-323265
Sold Date 01/24/24
Bedrooms 12
Year Built 1960
Lot Size 0.300 Acres
Acres 0.3
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.
Location
State CA
County Orange
Area Anaheim West Of Harbor
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Other
Exterior
Parking Features Garage Is Detached
Garage Spaces 12.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with GoGo Realtors R.H. Corp