Listing ID: 23245480
Price: $1,320,000
Price/SqFt: $386.76
Status: Active Under Contract
Address: 3900 E Riverdale Avenue
City: Anaheim
State: California
Postal Code: 92807
SqFt: 3,413
Acres: 0.230
County: Orange
Anaheim
CA
92807
We are proud to exclusively present for sale this 4-unit multifamily property located at 3900 E Riverdale Ave, Anaheim. It is a two-story, four-unit apartment building bordering the desirable areas of Anaheim Hills and Orange. The building totals 3,414 square feet and is situated on 9,880 square foot lot. Originally built in 1964, this multifamily asset has ideal unit mix of two 2-bedroom/1.5-bathroom units and two 1-bedroom/1-bathroom units. Three of the units have upgraded wood laminate flooring and kitchen. The building includes five covered parking spots, a laundry room with landlord-owned machines, and a large storage room. Each unit is separately metered for gas and electricity. The property also has attractive curb appeal with a freshly painted exterior. While the current ownership has diligently maintained the property, the current ownership has not been aggressive in increasing rents. With current rents at least 20% below market, a new owner is presented with the opportunity to realize upside potential on the investment returns by increasing rents to meet the market. There are no local rent control restrictions for city of Anaheim (subject to AB 1482). 3900 E. Riverdale Ave. is within close proximity to Disneyland, Cal State Fullerton, Chapman University, Angel Stadium, Walmart, Kaiser Permanente Anaheim, and many more. Tenants also have easy access to the 91/55 freeways and Metro stations. The property offers an investor the rare opportunity to own an apartment property with real upside potential and to hedge against high inflation in the desirable city of Anaheim.
Primary Features
County:
Orange
Price/SqFt:
386.76
Property Type:
Residential Income
Year Built:
1964
Interior
Heating:
yes
Heating Type:
Wall Furnace
Interior Features:
Ceiling Fan(s)
Levels:
Two, One
Stories Total:
2
External
Lot Size Area:
10019
Lot Size Dimensions:
95x104
Lot Size Square Feet:
10019
Number Of Buildings:
1
Parking:
yes
Parking Features:
Assigned, Covered
Parking Total:
5
Uncovered Spaces:
5
Water Source:
Public
Location
Country:
US
MLS Area Major:
77 - Anaheim Hills
Additional
Association:
no
Days On Market:
23
List Agent State License:
01894476
List Office State License:
01908231
Lot Size Units:
Square Feet
New Construction:
no
Number Of Units Total:
4
Parcel Number:
36026401
Property Condition:
Updated/Remodeled
Senior Community:
no
Financial
Gross Multiplier:
17.96
Gross Operating Income:
72290
Net Operating Income:
47655
Special Listing Conditions:
Standard
Tenant Pays:
Gas, Electricity
Total Expenses:
24635
Zoning Info
Area Info
© 2023. 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. Any correspondence from IDX pages are routed to Century 21 Award or one of their associates. Last updated Saturday, April 1st, 2023.
Based on information from CARETS as of Saturday, April 1st, 2023 09:32:35 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.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including 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.
Based on information from CARETS as of Saturday, April 1st, 2023 09:32:35 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.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including 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.
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