Listing ID: PW22187520
Price: $1,600,000
Status: ACTIVE
Address: 3504 W Mungall Drive
City: Anaheim
State: California
Postal Code: 92804
SqFt: 9,486
Acres: 0.218
County: Orange
Anaheim
CA
92804
The Mungall Drive 4-plex apartments present an excellent investment opportunity for owner occupant or investor. The structure is 3,710 square feet and sits atop a large 9,500 square foot corner lot. The units are single story construction and all four apartments are two bedrooms; (1) 2 bed 1.5 bath and (3) 2 bed 1 bath. Tenants enjoy enclosed patios, a large balcony (upstairs unit), an onsite laundry facility, and enclosed garage parking. Monthly ownership costs are low as the units are separately metered for gas and electric. The subject property is located on a quiet cul-de-sac street off Knott Avenue, just a few blocks from Cypress College along with numerous shopping and entertainment venues. GSI, cap rate and GRM figures are based on proforma rents which are representative of the rental amounts after the allowable rental increases are issued.The Mungall Drive 4-plex apartments present an excellent investment opportunity for owner occupant or investor. The structure is 3,710 square feet and sits atop a large 9,500 square foot corner lot. The units are single story construction and all four apartments are two bedrooms; (1) 2 bed 1.5 bath and (3) 2 bed 1 bath. Tenants enjoy enclosed patios, a large balcony (upstairs unit), an onsite laundry facility, and enclosed garage parking. Monthly ownership costs are low as the units are separately metered for gas and electric. The subject property is located on a quiet cul-de-sac street off Knott Avenue, just a few blocks from Cypress College along with numerous shopping and entertainment venues. GSI, cap rate and GRM figures are based on proforma rents which are representative of the rental amounts after the allowable rental increases are issued.

Primary Features

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

Interior

Heat Equipment: Forced Air Unit
Levels: 2 Story
Total Stories: 2
Unit 1 Number of Bedrooms: 2
Unit 1 Number Total Baths: 2
Unit 2 Number of Bedrooms: 2
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: 4
Number of Units w/Range/Oven: 4
Pool: N/K

Location

Zip/Area: OC - ANAHEIM (92804)

Additional

Property Type: 2-4 UNITS
Supplement: The Mungall Drive 4-plex apartments present an excellent investment opportunity for owner occupant or investor. The structure is 3,710 square feet and sits atop a large 9,500 square foot corner lot. The units are single story construction and all four apartments are two bedrooms; (1) 2 bed 1.5 bath and (3) 2 bed 1 bath. Tenants enjoy enclosed patios, a large balcony (upstairs unit), an onsite laundry facility, and enclosed garage parking. Monthly ownership costs are low as the units are separately metered for gas and electric. The subject property is located on a quiet cul-de-sac street off Knott Avenue, just a few blocks from Cypress College along with numerous shopping and entertainment venues. GSI, cap rate and GRM figures are based on proforma rents which are representative of the rental amounts after the allowable rental increases are issued.

Financial

Annual Expense Actual: 27775
Cap Rate Actual: 3.22
CFD/Mello-Roos Fee: 992
CFD/Mello-Roos Fee Reflct: Year
Gross Rent Multiplier Act: 19.59
Gross Scheduled Income Actual: 81864
Sale/Rent: For Sale
Tenant Pays: Cable TV, Electricity, Gas/Propane
Terms: Cash, Conventional, Exchange
Unit 1 Rent Actual: 1485
Unit 2 Rent Actual: 1520
Unit 3 Rent Actual: 1795
Unit 4 Rent Actual: 1320

Zoning Info


Area Info


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Listing courtesy of Morgan Skenderian

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