Listing ID: OC22091468
Price: $1,550,000
Price/SqFt: $334.48
Status: Active Under Contract
Address: 2552 E Terrace Street
City: Anaheim
State: California
Postal Code: 92806
SqFt: 4,634
Acres: 0.187
County: Orange
Subdivision: Other (OTHR)
Anaheim
CA
92806
Highly sought-after Covington style 4-plex in high demand rental area in Anaheim. Approx. 4,634 sq. ft. building consisting of one 3-bedroom 2-bath owners style unit (approx. 1,750 sq ft) with fireplace, vaulted ceiling in living room, large patio, and two 1-car garages. Two 2-bedroom 2-bath units with balcony and one 2-bedroom 1-bath townhouse style units with enclosed patios. All units have enclosed garages. Unit C had kitchen & bath remodeled within the past 2 years including granite counter tops. New patio covers! 3 units have laundry hook-ups PLUS on-site laundry for additional income! Roof and plumbing replaced in last 10 years (approx.), water heater replaced within last year approx. Individually metered for Gas & Electric. (Tenants pay) Conveniently Located with access to the 91 & 57 Freeways, Great Shopping and Restaurants, close to Disneyland, Angel Stadium and the Honda Center, and borders Fullerton. All Units Occupied with Long Term Tenants (Approx 5+ years).

Primary Features

County: Orange
Price/SqFt: 334.48
Property Type: Residential Income
Subdivision: Other (OTHR)
Year Built: 1969

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: No Common Walls
Cooling: yes
Cooling Type: Wall/Window Unit(s)
Garage Spaces: 5
Laundry: yes
Laundry Features: Common Area, Gas Dryer Hookup, Individual Room, Washer Hookup
Levels: Two

External

Lot Features: 0-1 Unit/Acre
Lot Size Area: 8152
Lot Size Source: Public Records
Lot Size Square Feet: 8152
Number Of Buildings: 1
Parking Total: 5
Pool Features: None
Private Pool: no
Property Attached: no
Sewer: Public Sewer
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 93 - Anaheim N of River, E of Lakeview
Subdivision Name Other: Other

Additional

Additional Parcels: no
Association: no
Co List Agent State License: 01034547
Co List Office State License: 01034547
Community Features: Curbs, Sidewalks, Street Lights, Suburban
Days On Market: 8
List Agent State License: 01849499
List Office State License: 01034547
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Number Of Units Total: 4
Parcel Number: 34402307
Senior Community: no
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Year Built Source: Public Records

Financial

Cap Rate: 4.01
Electric Expense: 200
Gross Scheduled Income: 87372
Insurance Expense: 2500
Land Lease: no
Maintenance Expense: 2000
Net Operating Income: 62222
New Taxes Expense: 17050
Operating Expense: 25150
Price Per Unit: 387500
Rent Control: yes
Special Listing Conditions: Standard
Tax Lot: 19
Tax Tract Number: 5231
Total Expenses: 25150
Trash Expense: 1700
Water Sewer Expense: 1700

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 Friday, May 20th, 2022.

Based on information from CARETS as of Friday, May 20th, 2022 07:29:51 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: Carlo Sparacino, DRE #01849499 from Joseph Sparacino, Broker 949-633-1063
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Listing Agent: Carlo Sparacino, DRE #01849499 from Joseph Sparacino, Broker 949-633-1063
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Listing Agent: Carlo Sparacino, DRE #01849499 from Joseph Sparacino, Broker 949-633-1063

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