Listing ID: OC22091468
Price: $1,550,000
Status: CONTINGENT
Address: 2552 E Terrace Street
City: Anaheim
State: California
Postal Code: 92806
SqFt: 8,152
Acres: 0.187
County: Orange
Anaheim
CA
92806
Highly sought-after Covington style 4-plex in high demand rental area in Anaheim. Approx. 4,634 sq. ft. building consisting of one 3-bedroom 2-bath owners style unit (approx. 1,750 sq ft) with fireplace, vaulted ceiling in living room, large patio, and two 1-car garages. Two 2-bedroom 2-bath units with balcony and one 2-bedroom 1-bath townhouse style units with enclosed patios. All units have enclosed garages. Unit C had kitchen & bath remodeled within the past 2 years including granite counter tops. New patio covers! 3 units have laundry hook-ups PLUS on-site laundry for additional income! Roof and plumbing replaced in last 10 years (approx.), water heater replaced within last year approx. Individually metered for Gas & Electric. (Tenants pay) Conveniently Located with access to the 91 & 57 Freeways, Great Shopping and Restaurants, close to Disneyland, Angel Stadium and the Honda Center, and borders Fullerton. All Units Occupied with Long Term Tenants (Approx 5+ years).Highly sought-after Covington style 4-plex in high demand rental area in Anaheim. Approx. 4,634 sq. ft. building consisting of one 3-bedroom 2-bath owners style unit (approx. 1,750 sq ft) with fireplace, vaulted ceiling in living room, large patio, and two 1-car garages. Two 2-bedroom 2-bath units with balcony and one 2-bedroom 1-bath townhouse style units with enclosed patios. All units have enclosed garages. Unit C had kitchen & bath remodeled within the past 2 years including granite counter tops. New patio covers! 3 units have laundry hook-ups PLUS on-site laundry for additional income! Roof and plumbing replaced in last 10 years (approx.), water heater replaced within last year approx. Individually metered for Gas & Electric. (Tenants pay) Conveniently Located with access to the 91 & 57 Freeways, Great Shopping and Restaurants, close to Disneyland, Angel Stadium and the Honda Center, and borders Fullerton. All Units Occupied with Long Term Tenants (Approx 5+ years).

Primary Features

County: Orange
Property Type: 2-4 Units
Zoning: Public Rec

Interior

Cooling: Wall/Window
Levels: 2 Story
Unit 1 Number of Bedrooms: 3
Unit 1 Number Total Baths: 2
Unit 2 Number of Bedrooms: 2
Unit 2 Number Total Baths: 2
Unit 3 Number Bedrooms: 2
Unit 3 Number Total Baths: 2
Unit 4 Number of Bedrooms: 2
Unit 4 Number Total Baths: 1
Unit Number for Unit 1: 1
Unit Number for Unit 2: 2
Unit Number for Unit 3: 3
Unit Number for Unit 4: 4

External

Entry Only: no
Lot Size: 7,500-10,889 SF
Number of Buildings: 1
Number of Units: 4
Pool: N/K
Site: Curbs, Sidewalks

Location

Zip/Area: OC - ANAHEIM (92806)

Additional

Property Type: 2-4 UNITS
Supplement: Highly sought-after Covington style 4-plex in high demand rental area in Anaheim. Approx. 4,634 sq. ft. building consisting of one 3-bedroom 2-bath owners style unit (approx. 1,750 sq ft) with fireplace, vaulted ceiling in living room, large patio, and two 1-car garages. Two 2-bedroom 2-bath units with balcony and one 2-bedroom 1-bath townhouse style units with enclosed patios. All units have enclosed garages. Unit C had kitchen & bath remodeled within the past 2 years including granite counter tops. New patio covers! 3 units have laundry hook-ups PLUS on-site laundry for additional income! Roof and plumbing replaced in last 10 years (approx.), water heater replaced within last year approx. Individually metered for Gas & Electric. (Tenants pay) Conveniently Located with access to the 91 & 57 Freeways, Great Shopping and Restaurants, close to Disneyland, Angel Stadium and the Honda Center, and borders Fullerton. All Units Occupied with Long Term Tenants (Approx 5+ years).

Financial

Annual Expense Actual: 25150
Cap Rate Actual: 4.01
CFD/Mello-Roos Fee Reflct: Year
Gross Scheduled Income Actual: 87372
Sale/Rent: For Sale
Terms: Cash, Conventional, Exchange
Unit 1 Rent Actual: 2237
Unit 2 Rent Actual: 1705
Unit 3 Rent Actual: 1667
Unit 4 Rent Actual: 1672

Zoning Info


Area Info


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Listing courtesy of Joseph Sparacino, Broker

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