Listing ID: OC23043506
Price: $3,850,000
Price/SqFt: $454.60
Status: Active
Address: 310 W Vermont Avenue
City: Anaheim
State: California
Postal Code: 92805
SqFt: 8,469
Acres: 0.490
County: Orange
Anaheim
CA
92805
310 - 312 West Vermont Avenue is a 10-unit multifamily investment opportunity located in Anaheim, California. 310 - 312 West Vermont Avenue offers an excellent unit mix consisting exclusively of two-bedroom floor plans. Built in 1976, the property has undergone exterior renovations including fresh paint and a new roof as well as substantial interior renovations. Additionally, the property features a desirable amenity package including stainless steel appliances, recessed lighting, ample garage and surface parking, and private patios (select units). 310 - 312 West Vermont Avenue benefits from its central Anaheim location, situated within close proximity to residents’ every day needs including retail centers, schools, parks, and more. The property is situated in an optimal location for families as the property is within walking distance of all three levels of schooling. Additionally, the property’s location places residents near Anaheim’s major employers and entertainment destinations including Disneyland, Angel Stadium, the Anaheim GardenWalk, and the Honda Center. 310 - 312 West Vermont Avenue is just under 1 mile from Downtown Anaheim and the Anaheim Packing District, providing residents with convenient access to a plethora of retail, dining, and entertainment options. The property benefits from its close proximity to Interstate 5, connecting residents to employment hubs throughout Orange and Los Angeles Counties.

Primary Features

County: Orange
Price/SqFt: 454.6
Property Sub Type: Apartment
Property Type: Residential Income
Year Built: 1976

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
Garage Spaces: 12
Laundry: no
Laundry Features: None
Levels: Two
Stories Total: 2

External

Lot Features: Level with Street
Lot Size Area: 0.49
Lot Size Source: Assessor
Lot Size Square Feet: 21344.4
Number Of Buildings: 2
Parking Total: 20
Pool Features: None
Private Pool: no
Property Attached: no
Sewer: Public Sewer
Uncovered Spaces: 8
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 699 - Not Defined
Street Number: 312

Additional

Additional Parcels: no
Assessments: Special Assessments
Community Features: Curbs, Sidewalks
List Agent State License: 01451551
List Office State License: 00530854
Lot Size Units: Acres
New Construction: no
Number Of Separate Electric Meters: 10
Number Of Separate Gas Meters: 10
Number Of Units Leased: 10
Number Of Units Total: 10
Parcel Number: 25105110
Senior Community: no
Year Built Source: Assessor

Financial

Electric Expense: 848
Fuel Expense: 848
Gross Operating Income: 214274
Gross Scheduled Income: 220901
Insurance Expense: 3257
Land Lease: no
Maintenance Expense: 6000
Net Operating Income: 140603
New Taxes Expense: 42662
Operating Expense: 73671
Other Expense: 12357
Other Expense Description: Misc
Price Per Unit: 385000
Professional Management Expense: 6000
Rent Control: yes
Special Listing Conditions: Standard
Tax Census Tract: 874.05
Tax Lot: 27
Tax Tract Number: 17
Total Actual Rent: 18408
Total Expenses: 73671
Trash Expense: 848
Vacancy Allowance: 6627
Water Sewer Expense: 851

Zoning Info


Area Info


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Listed by: Tyler Leeson, DRE #01451551 from Marcus & Millichap RE Invest

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