Listing ID: PW22045789
Price: $1,775,000
Status: CONTINGENT
Address: 625 W Bellevue Drive
City: Anaheim
State: California
Postal Code: 92805
SqFt: 8,162
Acres: 0.187
County: Orange
Anaheim
CA
92805
625 W Bellevue Drive is an immaculately maintained 6-unit apartment community located in the exceptionally strong rental market of Anaheim. Built in 1960,the subject property offers a preferred unit mix of one and two bedroom units. This professionally managed apartment complex, which is on the market for the first time in over 17 years, has been well maintained and has received mild improvements throughout the years. The property offers appealing amenities including security doors, a shared courtyard, an onsite laundry facility and (6) single-car garages. Tenants also enjoy the property's ideal proximity (approximately 1 mile) to the trendy and urban Anaheim Packing District, and is approximately 1.5 miles to Disneyland, a major employer to the citizens of Anaheim and a favorite local attraction. Through modernization of the interiors and increases on current rents, which all tenants are eligible for, this investment opportunity offers a strong long-term hold strategy with exceptional growth potential for any type of investor.625 W Bellevue Drive is an immaculately maintained 6-unit apartment community located in the exceptionally strong rental market of Anaheim. Built in 1960,the subject property offers a preferred unit mix of one and two bedroom units. This professionally managed apartment complex, which is on the market for the first time in over 17 years, has been well maintained and has received mild improvements throughout the years. The property offers appealing amenities including security doors, a shared courtyard, an onsite laundry facility and (6) single-car garages. Tenants also enjoy the property's ideal proximity (approximately 1 mile) to the trendy and urban Anaheim Packing District, and is approximately 1.5 miles to Disneyland, a major employer to the citizens of Anaheim and a favorite local attraction. Through modernization of the interiors and increases on current rents, which all tenants are eligible for, this investment opportunity offers a strong long-term hold strategy with exceptional growth potential for any type of investor.

Primary Features

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

Interior

Levels: 2 Story
Unit 1 Number of Bedrooms: 1
Unit 1 Number Total Baths: 1
Unit 2 Number of Bedrooms: 1
Unit 2 Number Total Baths: 1
Unit 3 Number Bedrooms: 2
Unit 3 Number Total Baths: 1
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: 6
Pool: N/K
Site: Curbs, Sidewalks

Location

Zip/Area: OC - ANAHEIM (92805)

Additional

Property Type: 2-4 UNITS
Supplement: 625 W Bellevue Drive is an immaculately maintained 6-unit apartment community located in the exceptionally strong rental market of Anaheim. Built in 1960,the subject property offers a preferred unit mix of one and two bedroom units. This professionally managed apartment complex, which is on the market for the first time in over 17 years, has been well maintained and has received mild improvements throughout the years. The property offers appealing amenities including security doors, a shared courtyard, an onsite laundry facility and (6) single-car garages. Tenants also enjoy the property's ideal proximity (approximately 1 mile) to the trendy and urban Anaheim Packing District, and is approximately 1.5 miles to Disneyland, a major employer to the citizens of Anaheim and a favorite local attraction. Through modernization of the interiors and increases on current rents, which all tenants are eligible for, this investment opportunity offers a strong long-term hold strategy with exceptional growth potential for any type of investor.

Financial

Annual Expense Actual: 35968
CFD/Mello-Roos Fee: 1463
CFD/Mello-Roos Fee Reflct: Year
Gross Scheduled Income Actual: 105492
Sale/Rent: For Sale
Unit 1 Rent Actual: 1245
Unit 2 Rent Actual: 1395
Unit 3 Rent Actual: 1595
Unit 4 Rent Actual: 1695

Zoning Info


Area Info


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Listing courtesy of Morgan Skenderian

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