1510 E Canfield Lane

    Anaheim, CA 92805
    • $5,700,000
    • STATUS: Active
    • ON SITE: 68 days
    • ID#: OC20020254
    UPDATED: 46 min ago
    $5,700,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,335
      SQFT
    • $311
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    This beautifully renovated twenty-unit multifamily property is located near the Fullerton border and the Downtown area in Anaheim. The asset offers a nice mix of one and two-bedroom units and is located on a large lot with very nice curb appeal. The two-story building is well maintained and has beautifully landscaped grounds with flowers, plants and clean-cut grass. The complex is garden style with a pool located in the center for residents to enjoy. There is also garage and open lot parking available for tenants, which is a nice amenity in the densely populated city. A laundry facility on-site is provided for the residents as well. The Canfield Lane Apartment unit amenities comprise of air conditioning, spacious floor plans, and upgraded kitchens which include new granite counter tops, sinks, faucets, vinyl flooring, and new custom paint. Exterior renovations include new garage doors, windows, metal fencing, water heaters, and asphalt grounds. The complex also has a newly upgraded courtyard with a wooden patio and concrete work.This property is located on the border of Fullerton in a good Anaheim location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community in a premier location within the city.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T14:27:51.497. 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 deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | Compass. Licensed in the State of California, USA.

    www.naylorproperties.com/homes/102766792

    1510 E Canfield Lane Anaheim, CA 92805

    • Price: $5,700,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: OC20020254
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    18,335
    SQFT
    $311
    $/SQFT
    1970
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    78 - Anaheim East of Harbor
    Property Description
    This beautifully renovated twenty-unit multifamily property is located near the Fullerton border and the Downtown area in Anaheim. The asset offers a nice mix of one and two-bedroom units and is located on a large lot with very nice curb appeal. The two-story building is well maintained and has beautifully landscaped grounds with flowers, plants and clean-cut grass. The complex is garden style with a pool located in the center for residents to enjoy. There is also garage and open lot parking available for tenants, which is a nice amenity in the densely populated city. A laundry facility on-site is provided for the residents as well. The Canfield Lane Apartment unit amenities comprise of air conditioning, spacious floor plans, and upgraded kitchens which include new granite counter tops, sinks, faucets, vinyl flooring, and new custom paint. Exterior renovations include new garage doors, windows, metal fencing, water heaters, and asphalt grounds. The complex also has a newly upgraded courtyard with a wooden patio and concrete work.This property is located on the border of Fullerton in a good Anaheim location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community in a premier location within the city.
    Exterior Features

    Construction Materials ConcreteStucco Fence YN Yes Fencing Excellent ConditionNew Condition Garage Spaces 20.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Features Garage Parking Total 30.00 Parking YN Yes Pool Features Community Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances BarbecueWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 790 Average1 Bed Area Units Square Feet Average2 Bed Area 993 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Vinyl Heating Natural Gas Heating YN Yes Interior Features Ceiling Fan(S)Granite CountersStorage Laundry Features Common Area Levels Two Window Features Screens

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.50 Community Features CurbsGuttersSidewalksStorm DrainsStreet LightsSuburban Country Us Electric Expense 2562.00 Elevation Units Feet Fuel Expense 3600.00 Gardener Expense 1200.00 Gross Income 384502.00 Gross Multiplier 14.40 Gross Operating Income 384502.00 Gross Scheduled Income 392064.00 Gross Spendable Income 384502.00 Have 20 Units | Anaheim Insurance Expense 5500.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 4200.00 Laundry YN Yes Maintenance Expense 10000.00 Net Operating Income 254758.00 New Construction YN No New Taxes Expense 67498.00 Number Of Separate Electric Meters 21 Number Of Separate Gas Meters 21 Number Of Separate Water Meters 1 Number Of Units Leased 20 Number With Disposal 20 Number With Range 20 Operating Expense 129744.00 Pest Control Expense 1200.00 Pool Expense 2400.00 Professional Management Expense 28111.00 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other N/A Tenant Pays ElectricityGasTrash Collection Total Actual Rent 32672.00 Total Expenses 129744.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 11762 Vacancy Allowance Rate 3.00 Water Sewer Expense 7673.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Mark Bridge of Mark Bridge, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T14:27:51.497. 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 deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | Compass. Licensed in the State of California, USA.

     
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