921 E Balsam Avenue

    Anaheim, CA 92805
    • $1,370,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: PW20027942
    Price Reduced
    UPDATED: 42 min ago
    $1,370,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,894
      SQFT
    • $352
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    The subject property has a great unit mix of (2) 3 bed 2 bath and (2) 2 bed 1 bath units which are all occpuied. The current income exceeds $90,000 annually assuring a positive cash flow for a new owner. All apartments have updated kitchens featuring new cabinets,quartz countertops (3 units), and granite countertops (1 unit) and all have tile flooring. Unit A is a large 3 bedroom with fireplace and extra storage room. Units B, C and D have an additional room as well and unti D las a large balcony. The building is well parked as there are 4 single car garages and 7 open spaces; almost a 3:1 parking ratio. The property also has a low monthly operating expense as tenants pay their own utilities. There is an onsite laundry room which provides additional monthly income. The Balsam Avenue apartments sit atop a large 9,042 corner lot and have a pitched composition shingle roof.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T19:32:03.26. 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/103012666

    921 E Balsam Avenue Anaheim, CA 92805

    • Price: $1,370,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: PW20027942
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    3,894
    SQFT
    $352
    $/SQFT
    1965
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    78 - Anaheim East of Harbor
    Property Description
    The subject property has a great unit mix of (2) 3 bed 2 bath and (2) 2 bed 1 bath units which are all occpuied. The current income exceeds $90,000 annually assuring a positive cash flow for a new owner. All apartments have updated kitchens featuring new cabinets,quartz countertops (3 units), and granite countertops (1 unit) and all have tile flooring. Unit A is a large 3 bedroom with fireplace and extra storage room. Units B, C and D have an additional room as well and unti D las a large balcony. The building is well parked as there are 4 single car garages and 7 open spaces; almost a 3:1 parking ratio. The property also has a low monthly operating expense as tenants pay their own utilities. There is an onsite laundry room which provides additional monthly income. The Balsam Avenue apartments sit atop a large 9,042 corner lot and have a pitched composition shingle roof.
    Exterior Features

    Garage Spaces 4.00 Lot Features Lot 6500-9999Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 11.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Appliances Gas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Flooring Tile Interior Features Stone Counters Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.21 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 900.00 Gross Income 91080.00 Gross Multiplier 15.26 Gross Operating Income 88348.00 Gross Scheduled Income 91080.00 Insurance Expense 1363.00 Land Lease YN No Laundry YN Yes Maintenance Expense 6184.00 Maintenance Percent 7.00 Net Operating Income 58559.00 New Construction YN No New Taxes Expense 15661.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 29789.00 Operating Expense Percent 32.70 Other Expense 4200.00 Other Expense Description Utility Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Other Tenant Pays Cable TvElectricity Total Expenses 29789.00 Trash Expense 0.00 Vacancy Allowance 2732 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Arp of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T19:32:03.26. 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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