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Bryan Whittam

[email protected] +1(949) 294-4980

$ 3,700,000

Est. payment -/mo

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Active Under Contract

927 S Bruce ST Anaheim, CA 92804

0.58 Acres Lot

UPDATED:

11/05/2024 09:19 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision ,Anaheim

MLS Listing ID PW24188324

HOA Y/N No

Year Built 1959

Lot Size 0.576 Acres

Property Description

We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Don’t miss out on this outstanding investment opportunity!

Location

State CA

County Orange

Area 79 - Anaheim West Of Harbor

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Sidewalks

Total Parking Spaces 28

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 12729214

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by James Wardlaw • Triqor Group • 949-756-3232

Bryan Whittam

Broker Associate | License ID: 01720340

+1(949) 294-4980

Bryan Whittam

927 S Bruce ST Anaheim, CA 92804

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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927 S Bruce ST