Listing ID: PW21241449
Price: $1,495,000
Price/SqFt: $347.35
Status: Active Under Contract
Address: 2054 S Nautical Street
City: Anaheim
State: California
Postal Code: 92802
SqFt: 4,304
Acres: 0.200
County: Orange
Subdivision: Other (OTHR)
Anaheim
CA
92802
The Nautical Street apartments are a well maintained 4-plex in Anaheim located just north of Orangewood Avenue. The subject property was built in 1969 and has 4,304 rentable square feet. The unit mix includes (1) 3 bed 2 bath, (2) 2 bed 1 bath and (1) 1 bedroom 1 bath units. This asset has enjoyed a historically high occupancy rate through the years as most tenants have been there for several years. Tenants enjoy private patios and or balconies, garage parking, onsite laundry, forced air heating and wall air conditioning, and a fireplace in the front apartment. The seller has spent approximately $65,000 in recent improvements including remodeling the kitchen and putting flooring in apartment 2, replacing all decking outside unit 4, new fencing for all enclosed patios, exterior stucco and paint, and new flooring and paint in the laundry room. The area surrounding the apartments has had several new developments including Ponderosa Park and Family Resource Center. The Nautical Street apartments are a turnkey opportunity in an area that will continue to thrive for years to come.

Primary Features

County: Orange
Price/SqFt: 347.35
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)
Flooring: Carpet, Laminate, Tile
Garage Spaces: 5
Heating: yes
Heating Type: Central
Laundry: yes
Laundry Features: Common Area
Levels: Two
Stories Total: 2

External

Lot Features: Rectangular Lot
Lot Size Area: 8712
Lot Size Source: Assessor
Lot Size Square Feet: 8712
Number Of Buildings: 1
Parking: yes
Parking Features: Garage Faces Rear
Parking Total: 6
Pool Features: None
Private Pool: no
Property Attached: no
Roof: Composition
Sewer: Public Sewer
Uncovered Spaces: 1
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 78 - Anaheim East of Harbor
Subdivision Name Other: None

Additional

Additional Parcels: no
Association: no
Community Features: Sidewalks
Days On Market: 8
List Agent State License: 01488586
List Office State License: 01220368
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 5
Number Of Separate Gas Meters: 5
Number Of Separate Water Meters: 1
Number Of Units Total: 4
Parcel Number: 13743125
Senior Community: no
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Year Built Source: Assessor

Financial

Electric Expense: 600
Fuel Expense: 600
Gross Operating Income: 72654
Gross Scheduled Income: 74064
Insurance Expense: 1600
Land Lease: no
Laundry Equipment Own Lease: Own
Laundry Income: 3600
Net Operating Income: 46346
New Taxes Expense: 16844
Operating Expense: 26308
Operating Expense Percent: 35
Price Per Unit: 373750
Rent Control: no
Special Listing Conditions: Standard
Tax Census Tract: 875.04
Tax Lot: 13
Tax Tract Number: 6984
Tenant Pays: Cable TV, Electricity, Gas
Total Expenses: 26308
Trash Expense: 600
Vacancy Allowance: 1409
Vacancy Allowance Rate: 2
Water Sewer Expense: 2400

Zoning Info


Area Info


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Based on information from CARETS as of Sunday, November 28th, 2021 01:06:01 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 courtesy of Michael Arp, DRE #01488586 from Morgan Skenderian

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