Listing ID: PW22045789
Price: $1,775,000
Price/SqFt: $364.40
Status: Active Under Contract
Address: 625 W Bellevue Drive
City: Anaheim
State: California
Postal Code: 92805
SqFt: 4,871
Acres: 0.187
County: Orange
Anaheim
CA
92805
625 W Bellevue Drive is an immaculately maintained 6-unit apartment community located in the exceptionally strong rental market of Anaheim. Built in 1960,the subject property offers a preferred unit mix of one and two bedroom units. This professionally managed apartment complex, which is on the market for the first time in over 17 years, has been well maintained and has received mild improvements throughout the years. The property offers appealing amenities including security doors, a shared courtyard, an onsite laundry facility and (6) single-car garages. Tenants also enjoy the property's ideal proximity (approximately 1 mile) to the trendy and urban Anaheim Packing District, and is approximately 1.5 miles to Disneyland, a major employer to the citizens of Anaheim and a favorite local attraction. Through modernization of the interiors and increases on current rents, which all tenants are eligible for, this investment opportunity offers a strong long-term hold strategy with exceptional growth potential for any type of investor.

Primary Features

County: Orange
Price/SqFt: 364.4
Property Type: Residential Income
Year Built: 1960

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: 6
Laundry: yes
Laundry Features: Common Area
Levels: Two

External

Lot Features: 0-1 Unit/Acre
Lot Size Area: 8162
Lot Size Source: Assessor
Lot Size Square Feet: 8162
Number Of Buildings: 1
Parking Total: 6
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Water Source: Public

Location

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

Additional

Additional Parcels: no
Co List Agent State License: 01942627
Co List Office State License: 01220368
Community Features: Curbs, Sidewalks
Days On Market: 56
List Agent State License: 01273871
List Office State License: 01220368
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 7
Number Of Separate Gas Meters: 7
Number Of Separate Water Meters: 1
Number Of Units Total: 6
Parcel Number: 25115108
Senior Community: no
Year Built Source: Assessor

Financial

Electric Expense: 1687
Fuel Expense: 1687
Gardener Expense: 600
Gross Operating Income: 102327
Gross Scheduled Income: 105492
Insurance Expense: 1948
Land Lease: no
Laundry Income: 21
Maintenance Expense: 6140
Maintenance Percent: 6
Net Operating Income: 66359
New Taxes Expense: 21718
Operating Expense: 35968
Operating Expense Percent: 34.1
Other Expense: 500
Other Expense Description: Misc
Price Per Unit: 295833
Rent Control: yes
Special Listing Conditions: Standard
Tax Lot: 251
Tax Tract Number: 251
Total Expenses: 35968
Vacancy Allowance: 3165
Vacancy Allowance Rate: 3
Water Sewer Expense: 1687

Zoning Info


Area Info


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Based on information from CARETS as of Friday, May 20th, 2022 08:30:52 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: Rick Applebaum, DRE #01273871 from Morgan Skenderian
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Listing Agent: Rick Applebaum, DRE #01273871 from Morgan Skenderian
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Listing Agent: Rick Applebaum, DRE #01273871 from Morgan Skenderian

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