Listing ID: PW22086251
Price: $1,599,900
Status: ACTIVE
Address: 209 S Citron Street
City: Anaheim
State: California
Postal Code: 92805
SqFt: 11,761
Acres: 0.270
County: Orange
Anaheim
CA
92805
This FourPlex(2 units are 3 bed/1 bath and 2 units are 1 bed/1 bath)has been featured in a renown Historic Home Magazine and is an Investors DREAM w/ excellent CAP rate,lots of upward rent potential,property tax savings w/ Mills Act,all on a MASSIVE lot(11,865 sq feet!)that's zoned RM-4 which has possibility of adding multiple units to increase income to an even greater return!Or for the owner-resident,these units have unusually nice curb appeal, along with Pride of ownership upgrades thru-out,making this a trophy property w/ attractive neighborhood amenities.A HUGE parking area has 6 uncovered spots,also has lush grassy play area for sports:basketball/baseball/soccer,even gardening.All new awnings,accented by new paint,Rose gardens,a detached freshly repainted 1 bath/1 bed Craftsman Cottage.One garage unit is rented for storage for $150 a month.Large Planters all around,2 orange trees & 2 avocado trees,one lime,one pomegranate,new paint on buildings and fencing/gate,new light fixtures at street frontage,rock bed(acts as dry well),new 80sf storage shed,newer 64 sf alum shed,new fencing.Formally named Hedges-Mikkelson Court,this property has been designated as historically significant to the Anaheim Colony Historic District under the city of Anaheims Mills Act program,allowing property taxes to be kept low.Most of the gentrifying neighborhood has been gorgeously remodeled and O.C. Foodies love the local restaurants only steps away at the Packing House.Some extras in each unit:#209 (3/1):new heater,new lights,new kitchen tile countertops &cstained cabinets,complete restroom uThis FourPlex(2 units are 3 bed/1 bath and 2 units are 1 bed/1 bath)has been featured in a renown Historic Home Magazine and is an Investors DREAM w/ excellent CAP rate,lots of upward rent potential,property tax savings w/ Mills Act,all on a MASSIVE lot(11,865 sq feet!)that's zoned RM-4 which has possibility of adding multiple units to increase income to an even greater return!Or for the owner-resident,these units have unusually nice curb appeal, along with Pride of ownership upgrades thru-out,making this a trophy property w/ attractive neighborhood amenities.A HUGE parking area has 6 uncovered spots,also has lush grassy play area for sports:basketball/baseball/soccer,even gardening.All new awnings,accented by new paint,Rose gardens,a detached freshly repainted 1 bath/1 bed Craftsman Cottage.One garage unit is rented for storage for $150 a month.Large Planters all around,2 orange trees & 2 avocado trees,one lime,one pomegranate,new paint on buildings and fencing/gate,new light fixtures at street frontage,rock bed(acts as dry well),new 80sf storage shed,newer 64 sf alum shed,new fencing.Formally named Hedges-Mikkelson Court,this property has been designated as historically significant to the Anaheim Colony Historic District under the city of Anaheims Mills Act program,allowing property taxes to be kept low.Most of the gentrifying neighborhood has been gorgeously remodeled and O.C. Foodies love the local restaurants only steps away at the Packing House.Some extras in each unit:#209 (3/1):new heater,new lights,new kitchen tile countertops &cstained cabinets,complete restroom update,stripped base/picture rail/chair rail moldings,new carpet,refinished/stained wood floors,new back door.stained vintage double hung windows,tankless water heater.#209 (3/1):new lighting,new restroom,new kitchen,new laundry,S/S apron front sink,glass tile backsplash,custom cabinets,media unit,heated tile floor,eco resin closet doors.Down lights thru-out,indirect cove lights,lighting control panel,2 bedrooms downstairs w/folding aluminum doors,wood ceilings/wood accents,stained vintage double hung windows,stripped/finished wood flooring,aluminum entry door,wood folding door into garage,hard wired data outlets,tankless water heater,water softener,all new wiring/plumbing,kohler bath fixtures,new gas heater.#211 (1/1):New bathroom,New Tankless Water heater.#211 (1/1):New kitchen,new bathroom,new siding,electrical,plumbing,tankless water heater,new gas vented heater. A GEM!

Primary Features

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

Interior

Cooling: Wall/Window, Other/Remarks
Heat Equipment: Other/Remarks
Heat Source: Natural Gas
Levels: Split Level
Unit 1 Number of Bedrooms: 3
Unit 1 Number Total Baths: 1
Unit 2 Number of Bedrooms: 1
Unit 2 Number Total Baths: 1
Unit 3 Number Bedrooms: 1
Unit 3 Number Total Baths: 1
Unit 4 Number of Bedrooms: 3
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
Number of Buildings: 3
Number of Units: 4
Parking Garage Unit 1: Assigned
Pool: N/K
Site: Sidewalks
Spa: N/K
Water Heater Type: Tankless

Location

Zip/Area: OC - ANAHEIM (92805)

Additional

Property Type: 2-4 UNITS
Supplement: This FourPlex(2 units are 3 bed/1 bath and 2 units are 1 bed/1 bath)has been featured in a renown Historic Home Magazine and is an Investors DREAM w/ excellent CAP rate,lots of upward rent potential,property tax savings w/ Mills Act,all on a MASSIVE lot(11,865 sq feet!)that's zoned RM-4 which has possibility of adding multiple units to increase income to an even greater return!Or for the owner-resident,these units have unusually nice curb appeal, along with Pride of ownership upgrades thru-out,making this a trophy property w/ attractive neighborhood amenities.A HUGE parking area has 6 uncovered spots,also has lush grassy play area for sports:basketball/baseball/soccer,even gardening.All new awnings,accented by new paint,Rose gardens,a detached freshly repainted 1 bath/1 bed Craftsman Cottage.One garage unit is rented for storage for $150 a month.Large Planters all around,2 orange trees & 2 avocado trees,one lime,one pomegranate,new paint on buildings and fencing/gate,new light fixtures at street frontage,rock bed(acts as dry well),new 80sf storage shed,newer 64 sf alum shed,new fencing.Formally named Hedges-Mikkelson Court,this property has been designated as historically significant to the Anaheim Colony Historic District under the city of Anaheims Mills Act program,allowing property taxes to be kept low.Most of the gentrifying neighborhood has been gorgeously remodeled and O.C. Foodies love the local restaurants only steps away at the Packing House.Some extras in each unit:#209 (3/1):new heater,new lights,new kitchen tile countertops &cstained cabinets,complete restroom update,stripped base/picture rail/chair rail moldings,new carpet,refinished/stained wood floors,new back door.stained vintage double hung windows,tankless water heater.#209 (3/1):new lighting,new restroom,new kitchen,new laundry,S/S apron front sink,glass tile backsplash,custom cabinets,media unit,heated tile floor,eco resin closet doors.Down lights thru-out,indirect cove lights,lighting control panel,2 bedrooms downstairs w/folding aluminum doors,wood ceilings/wood accents,stained vintage double hung windows,stripped/finished wood flooring,aluminum entry door,wood folding door into garage,hard wired data outlets,tankless water heater,water softener,all new wiring/plumbing,kohler bath fixtures,new gas heater.#211 (1/1):New bathroom,New Tankless Water heater.#211 (1/1):New kitchen,new bathroom,new siding,electrical,plumbing,tankless water heater,new gas vented heater. A GEM!

Financial

Annual Expense Actual: 23160
Cap Rate Actual: 4.46
CFD/Mello-Roos Fee: 1236
CFD/Mello-Roos Fee Reflct: Year
Gross Scheduled Income Actual: 94500
Sale/Rent: For Sale
Tenant Pays: Cable TV, Electricity, Gas/Propane
Terms: Cash, Conventional
Unit 1 Rent Actual: 2300
Unit 2 Rent Actual: 1700
Unit 3 Rent Actual: 1575
Unit 4 Rent Actual: 2300

Zoning Info


Area Info


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Listing courtesy of Keller Williams Realty

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