924 S Arden PL, Anaheim, CA 92802
$2,640,000
$2,800,000
5.7%
Est.Price: ?

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12 BD
12 BA
8,636 SqFt

924 S Arden PL Anaheim, CA 92802

Est. payment /mo
SOLD DATE : 01/24/2024

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Key Details

Sold Price $2,640,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 8,636 sqft

Price per Sqft $305

MLS Listing ID 23323265

Sold Date 01/24/24

Bedrooms 12

HOA Y/N No

Year Built 1960

Lot Size 0.300 Acres

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 79 - Anaheim West Of Harbor

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 12.0

Garage Description 12.0

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 25015123

Special Listing Condition Standard

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Listed by Kamfar Kyle Mirrafati Matthews Real Estate Investment Services #01911204
Bought with Ryan Zhou GoGo Realtors R.H. Corp
Jessica Lam

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