Listing ID: PW21243315
Price: $1,650,000
Price/SqFt: $368.06
Status: Active
Address: 2044 S Nautical Street
City: Anaheim
State: California
Postal Code: 92802
SqFt: 4,483
Acres: 0.180
County: Orange
Anaheim
CA
92802
Pride of ownership 4-plex in Anaheim south of the 5 freeway and Orangewood Ave. The unit mix includes (1) 3 bedroom 2 bath and (3) 2 bedroom 1 bath units (great unit mix). This property has approx. 4,483 Sq Ft of living space and is located on a large lot 8,095 Sq Ft with abundant off-street parking. 5 total garage spaces as the front unit has a double car garage and there are 3 single car garages as well (potential for garage income). Tons of amenities for the tenants that include private patios and or balconies, onsite laundry, forced air heating and wall air conditioning, and a fireplace with washer and dryer hook ups in the 3 bedroom unit. The yearly gross scheduled income is excellent at $101,688 and still room to raise rent. Tenants pay for all utilities (they are billed directly for water and trash). This property has it all. Hard to find a value add deal with a going in cap rate of 4.6+%. Great for Owner Occupant!!!

Primary Features

County: Orange
Price/SqFt: 368.06
Property Sub Type: Quadruplex
Property Type: Residential Income
Year Built: 1969
Zoning: MFD

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: 2+ Common Walls
Garage Spaces: 5
Laundry: yes
Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
Levels: Two
Number With Disposal: 4
Number With Patio: 4
Number With Range: 4
Stories Total: 2

External

Lot Features: Landscaped, Lawn
Lot Size Area: 7841
Lot Size Source: Assessor
Lot Size Square Feet: 7841
Number Of Buildings: 1
Parking Total: 5
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Other
Water Source: Public

Location

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

Additional

Additional Parcels: no
Association: no
Community Features: Biking, Curbs
Days On Market: 3
List Agent State License: 01239362
List Office State License: 01239362
Lot Size Units: Square Feet
New Construction: no
Number Of Rented Garages: 5
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Number Of Units Leased: 4
Number Of Units Total: 4
Parcel Number: 13743127
Senior Community: no
Year Built Source: Assessor

Financial

Cap Rate: 4.68
Fuel Expense: 2146
Gardener Expense: 780
Gross Multiplier: 16.23
Gross Operating Income: 106666
Gross Scheduled Income: 101688
Insurance Expense: 2013
Land Lease: no
Laundry Income: 4272
Maintenance Expense: 1464
Net Operating Income: 77216
New Taxes Expense: 18810
Operating Expense: 29450
Other Income 1: 3757
Other Income Description: Tenant pay for water and trash
Pest Control Expense: 480
Price Per Unit: 412500
Rent Control: yes
Special Listing Conditions: Standard
Tax Census Tract: 875.04
Tax Lot: 11
Tax Tract Number: 6984
Tenant Pays: All Utilities
Total Expenses: 29450
Vacancy Allowance Rate: 3
Water Sewer Expense: 3757

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 Sunday, November 28th, 2021.

Based on information from CARETS as of Sunday, November 28th, 2021 12:05:28 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 Eric Guichet, DRE #01239362 from South Coast Investment Prop.

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