Listing ID: PW22005543
Price: $1,495,000
Status: ACTIVE
Address: 2220 S Lewis Street
City: Anaheim
State: California
Postal Code: 92802
SqFt: 11,326
Acres: 0.260
County: Orange
Anaheim
CA
92802
The Lewis Street 4-plex is a Covington concept 4-plex built in 1979. The structure measures 4,221 square feet and sits atop a large, 11,536 square foot lot. The unit mix consists of one 3 bedroom / 2 bathroom apartment and three 2 bedroom / 2 bathroom apartments. All apartments are well appointed with spacious layouts and come with a garage and at least one assigned parking space. The three bedroom owner unit has a direct access double car garage which is separate from the other garages. The 3 bedroom is currently vacant providing an immediate opportunity for an owner occupant or for an investor to rent it at the historically high market rent rate. The downstairs apartments have private, enclosed patios while the upstairs apartments have balconies. There is an onsite laundry room which provides additional monthly income along with being a nice amenity for tenants. Major employment is within close walking distance with the Kaiser Permanente Health Pavilion (5 minutes) and the UCI Medical Center (15 minutes) are down the street. The Lewis Street 4-plex is an ideal purchase for first time buyers or seasoned investors looking for an easy to run investment.The Lewis Street 4-plex is a Covington concept 4-plex built in 1979. The structure measures 4,221 square feet and sits atop a large, 11,536 square foot lot. The unit mix consists of one 3 bedroom / 2 bathroom apartment and three 2 bedroom / 2 bathroom apartments. All apartments are well appointed with spacious layouts and come with a garage and at least one assigned parking space. The three bedroom owner unit has a direct access double car garage which is separate from the other garages. The 3 bedroom is currently vacant providing an immediate opportunity for an owner occupant or for an investor to rent it at the historically high market rent rate. The downstairs apartments have private, enclosed patios while the upstairs apartments have balconies. There is an onsite laundry room which provides additional monthly income along with being a nice amenity for tenants. Major employment is within close walking distance with the Kaiser Permanente Health Pavilion (5 minutes) and the UCI Medical Center (15 minutes) are down the street. The Lewis Street 4-plex is an ideal purchase for first time buyers or seasoned investors looking for an easy to run investment.

Primary Features

County: Orange
Property Type: 2-4 Units
Zoning: Assessor

Interior

Cooling: Wall/Window
Heat Equipment: Forced Air Unit
Levels: 2 Story
Total Stories: 2
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: 2
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
Number of Buildings: 1
Number of Units: 4
Number of Units w/Range/Oven: 4
Parking Garage Unit 1: Assigned
Pool: N/K
Site: Curbs

Location

Zip/Area: OC - ANAHEIM (92802)

Additional

Property Type: 2-4 UNITS
Supplement: The Lewis Street 4-plex is a Covington concept 4-plex built in 1979. The structure measures 4,221 square feet and sits atop a large, 11,536 square foot lot. The unit mix consists of one 3 bedroom / 2 bathroom apartment and three 2 bedroom / 2 bathroom apartments. All apartments are well appointed with spacious layouts and come with a garage and at least one assigned parking space. The three bedroom owner unit has a direct access double car garage which is separate from the other garages. The 3 bedroom is currently vacant providing an immediate opportunity for an owner occupant or for an investor to rent it at the historically high market rent rate. The downstairs apartments have private, enclosed patios while the upstairs apartments have balconies. There is an onsite laundry room which provides additional monthly income along with being a nice amenity for tenants. Major employment is within close walking distance with the Kaiser Permanente Health Pavilion (5 minutes) and the UCI Medical Center (15 minutes) are down the street. The Lewis Street 4-plex is an ideal purchase for first time buyers or seasoned investors looking for an easy to run investment.

Financial

Annual Expense Actual: 29657
Cap Rate Actual: 3.7
CFD/Mello-Roos Fee: 992
CFD/Mello-Roos Fee Reflct: Year
Gross Rent Multiplier Act: 17.18
Gross Scheduled Income Actual: 87000
Possession: Close of Escrow
Sale/Rent: For Sale
Tenant Pays: Cable TV, Electricity, Gas/Propane
Terms: Cash, Conventional, Exchange, FHA
Unit 1 Rent Actual: 3000
Unit 2 Rent Actual: 1400
Unit 3 Rent Actual: 1375
Unit 4 Rent Actual: 1375

Zoning Info


Area Info


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Listing courtesy of Morgan Skenderian

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