3147 W Lanerose Drive, Anaheim, CA 92804

$2,050,000
5,290
SqFt
List Price
$2,050,000
Status
ACTIVE
MLS#
OC20192151
Year Built
1970
Living Sq. Ft
5,290
Lot Size
16,393
Acres
0.3763
Lot Location
Landscaped, Near Public Transit, Yard
Days on Market
7
Property Type
Multifamily
Stories
Two Level

Property Description

The Lanerose Drive Apartments is a six-unit apartment building located in the highly desirable City of Anaheim within the greater Orange County area. The subject property is located in a quiet residential community of predominantly single-family homes and provides easy access to freeways, retail, schools, entertainment, and employment. Built in 1970, the property offers an attractive unit mix solely comprised of two-bedroom/ two-bathroom units totaling 5,290 square feet, situated over a large 16,393 square foot lot. The subject property has gone through recent renovations of the interiors and exterior. Tenant amenities include ample on-site parking including enclosed garages, on-site laundry facility, patios, balconies, and a large private garden common area in rear of property. This offering represents a rare opportunity for an investor to achieve a 4.5% CAP Rate / 6.8% total return on a stable and well-located investment property in the solid rental market of West Anaheim, California.

Additional Information

Tract Number
571
Lot Description
Sidewalks, Storm Drains, Street Lights
Pool Description
None
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
6
Gross Scheduled Income
$128,304
Operating Expense
35493
Unit One Total Units
6
Unit One Beds
2
Unit One Baths
2
Unit One Actual Rent
10692.00
Unit One Total Rent
10692.00
Unit One Pro Forma
12600
Unit One Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Greg Bassirpou from Marcus & Millichap RE Invest

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.