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Listing ID: 22158681
Price: $12,500,000
Price/SqFt: $165.44
Status: Active
Address: 125 N BELINDA Circle
City: Anaheim
State: California
Postal Code: 92801
SqFt: 75,554
Acres: 3.043
County: Orange
Anaheim
CA
92801
This offering is for a 50% fee-simple interest in the asset which has an estimated value of $25,000,000. The Belinda Apartments is a 91-unit multifamily asset located at 125 North Belinda Circle in the heart of Anaheim. The property sits at the end of a cul-de-sac and features a unit mix of (51) 1-Bedroom + 1-Bathroom, (18) 2-Bedroom + 1-Bathroom, and (22) 2-Bedroom + 2-Bathroom units. The two-story property was built in 1970 and has +/- 75,544 square feet of improvements on an expansive +/- 132,553 square foot lot. A new Buyer will obtain ownership interest in the existing LLC and benefit from a higher than market yield, proven building track record, low vacancy, blended property tax rate, and a well maintained asset. The building has significant upside in rents which can be captured either through renovation of units as they turn, or slower growth through annual rent increases of 5% + CPI per AB1482.The Belinda Apartments offers residents a wide range of resort like amenities such as: expansive grounds, swimming pool and cabana, barbecues, controlled access, on-site lease office, private patios, efficient layouts, 131parking spaces, and three on-site laundry facilities. Anaheim is most known for its famous main attraction Disneyland, although other prominent employers like Angel Stadium, Anaheim Convention Center, and Kaiser Permanente Medical Center create huge demand for housing. Anaheim is also a big draw from neighboring cities like Buena Park, Orange& Fullerton - also home to large employers.

Primary Features

County: Orange
Price/SqFt: 165.44
Property Type: Residential Income
Year Built: 1970

Interior

Heating: yes
Heating Type: Wall Furnace
Stories Total: 2

External

Lot Size Area: 132571
Lot Size Source: Assessor
Lot Size Square Feet: 132571
Number Of Buildings: 1
Parking: yes
Parking Features: Covered, Uncovered
Parking Total: 131
Pool Features: Community, In Ground
Private Pool: no

Location

Country: US
MLS Area Major: 79 - Anaheim West of Harbor

Additional

Co List Agent State License: 01349349
Days On Market: 8
List Agent State License: 01821053
List Office State License: 01229985
Lot Size Units: Square Feet
New Construction: no
Number Of Units Total: 91
Parcel Number: 07111031
Senior Community: no

Financial

Gross Multiplier: 12.76
Gross Operating Income: 1981618
Net Operating Income: 1297272
Special Listing Conditions: Standard
Total Expenses: 684346
Vacancy Allowance Rate: 6

Zoning Info


Area Info


© 2022. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Monday, September 26th, 2022.

Based on information from CARETS as of Monday, September 26th, 2022 04:17:08 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing Agent: Adam Zunder, DRE #01821053 from Iconic Investments
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Listing Agent: Adam Zunder, DRE #01821053 from Iconic Investments
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Listing Agent: Adam Zunder, DRE #01821053 from Iconic Investments

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