Listing ID: OC21177981
Price: $3,732,000
Price/SqFt: $413.01
Status: Pending
Address: 324 E Leatrice Lane
City: Anaheim
State: California
Postal Code: 92802
SqFt: 9,036
Acres: 0.250
County: Orange
Anaheim
CA
92802
We are pleased to present 324 East Leatrice Lane, an eight-unit multifamily property located in the City of Anaheim. This asset consists of two 2 bedroom/1 bathroom units, four 3 bedroom/2 bathroom units, and two 4 bedroom/2 bathrooms units. The complex is situated on a lot totaling 0.25 acres. The asset is comprised of one building with a central courtyard. Parking is ample for the residents and guests, with garage parking, assigned, as well as street parking. This property has undergone a full interior and exterior renovation including new floors, cabinets, and countertops. This property is well situated in central Anaheim near major retail, educational, employment opportunities, and Disneyland. Conveniently located near the I-5 and CA-57 Freeways, allow the tenants to connect with the greater Southern California area and beyond. This offering provides an investor the opportunity to acquire a recently renovated and well-maintained apartment property neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.

Primary Features

County: Orange
Price/SqFt: 413.01
Property Type: Residential Income
Year Built: 1963

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area: 851
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area: 1079
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 1 Common Wall
Flooring: Vinyl
Garage Spaces: 8
Laundry: yes
Laundry Features: Common Area
Levels: Two
Number With Disposal: 8
Number With Range: 8
Stories Total: 2

External

Fence: yes
Fencing: Excellent Condition
Lot Features: 6-10 Units/Acre
Lot Size Area: 0.25
Lot Size Source: Assessor
Lot Size Square Feet: 10890
Number Of Buildings: 1
Parking Features: Garage, On Site, Parking Space, Street
Parking Total: 16
Pool Features: None
Private Pool: no
Property Attached: yes
Roof: Flat
Sewer: Public Sewer
Uncovered Spaces: 8
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 699 - Not Defined

Additional

Additional Parcels: no
Association: no
Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
Days On Market: 57
List Agent State License: 01316702
List Office State License: 01316702
Lot Size Units: Acres
New Construction: no
Number Of Separate Electric Meters: 9
Number Of Separate Gas Meters: 9
Number Of Separate Water Meters: 1
Number Of Units Leased: 8
Number Of Units Total: 8
Parcel Number: 13733902
Property Condition: Updated/Remodeled
Senior Community: no
Year Built Source: Assessor

Financial

Cap Rate: 5.2
Fuel Expense: 482
Gardener Expense: 1000
Gross Multiplier: 13.9
Gross Operating Income: 261676
Gross Scheduled Income: 266676
Insurance Expense: 4140
Land Lease: no
Maintenance Expense: 10250
Net Operating Income: 195870
New Taxes Expense: 39559
Operating Expense: 65806
Other Expense: 3250
Other Expense Description: misc.
Price Per Unit: 466500
Professional Management Expense: 3800
Rent Control: yes
Special Listing Conditions: Standard
Tax Census Tract: 875.04
Tax Lot: 23
Tax Tract Number: 3535
Tenant Pays: Electricity, Gas
Total Actual Rent: 22223
Total Expenses: 65806
Trash Expense: 2000
Vacancy Allowance: 8000
Water Sewer Expense: 1325

Zoning Info


Area Info


© 2021. 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 Thursday, October 28th, 2021.

Based on information from CARETS as of Thursday, October 28th, 2021 12:58:10 AM. 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 courtesy of Mark Bridge, DRE #01316702 from Mark Bridge, Broker

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