$2,300,000

Estimated payment $15,137/month

Total Views 10,123
10 Beds
7 Baths
4,566 Sq Ft
$504 Price per Sq Ft

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Side by Side Parking
  • Traditional Architecture
  • Courtyard Views
  • Cooling System Mounted To A Wall/Window

About This Home

Excellent opportunity to own 14 units in Prime Anaheim rental location! This property is 7 units and is being sold with the mirror-match building next door also with its 7 units. 902 Fann and 906 Fann are being sold together. each building has 7 units; 3 2-bedroom units and 4 1-bedroom units, each unit has a 1 car garage. each unit has separate gas and electric meters. The roof is 4 years old. All units are under market rent but there is still $121,260 in annual income for 7 units with a conservative Pro Forma of $191,000. Located 1 block to Euclid and Ball with many restaurants and also public transportation. The building also has a coin operated laundry facility that generates income. Excellent curb appeal will make you proud when you drive by and check out the jewel in your investment portfolio!.

Listing Agent

Bill Etchegaray

Century 21 Affiliated Brokerage Phone: 714-797-0863 License #01139672

Century 21 Affiliated

Co-Listing Agent

Sachu Desai

Century 21 Affiliated Brokerage Phone: 714-797-0863 License #01082131

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,312 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence

Parking

  • 7 Car Garage
  • Parking Available
  • Side by Side Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,566 Sq Ft Home
  • 2-Story Property
  • Courtyard Views
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Bedrooms Down
  • 7 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected

Additional Features

  • No Interior Steps
  • Outdoor Storage

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 2377
  • Assessor Parcel Number 12826402
  • $1 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $560
  • Insurance Expense $4,897
  • Pest Control $611
  • Professional Management Expense $3,600
  • Trash Expense $1,400
  • Water Sewer Expense $1,300
  • Operating Expense $12,638
  • Gross Income $125,400
  • Net Operating Income $109,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

7

Listing Details

  • Assessments: Yes
  • CapRate: 4.70
  • Price Per Unit: 328571
  • Professional Management Expense: 3600.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: unknown
  • View: Yes
  • Water Sewer Expenses: 1300.00
  • Architectural Style: Traditional
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 560.00
  • Parcel Number: 12826402
  • Year Built: 1960
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Accessibility Features: No Interior Steps
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 503.72
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage
  • View: Courtyard
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Garage, Side by Side
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 611.00
  • Sewer: Public Sewer
  • Trash Expense: 1400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 6312.00
  • Lot Size Acres: 0.1449
  • Latitude Manual: 33.81985900

Multi Family

  • Gross Income: 125400.00
  • Gross Multiplier: 21.00
  • Gross Scheduled Income: 125400.00
  • Insurance Expense: 4897.00
  • Lot Size Area: 6312.0000 Square Feet
  • Net Operating Income: 109000.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 16400.00
  • Rent Control: No
  • Total Actual Rent: 125400.00
  • Total Expenses: 12638.00
  • Vacancy Allowance: 3762
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 871.03
  • Tax Lot: 30
  • Tax Tract Number: 2377
  • TaxOtherAnnualAssessmentAmount: 1.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2025 02/05/25 For Sale $2,300,000 -- $504 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25025300

California Regional Multiple Listing Service (CRMLS)