Listing ID: PW22086251
Price: $1,599,900
Price/SqFt: $535.26
Status: Active
Address: 209 S Citron Street
City: Anaheim
State: California
Postal Code: 92805
SqFt: 2,989
Acres: 0.270
County: Orange
Subdivision: Other (OTHR)
Anaheim
CA
92805
This FourPlex(2 units are 3 bed/1 bath and 2 units are 1 bed/1 bath)has been featured in a renown Historic Home Magazine and is an Investor’s DREAM w/ excellent CAP rate,lots of upward rent potential,property tax savings w/ Mills Act,all on a MASSIVE lot(11,865 sq feet!)that's zoned RM-4 which has possibility of adding multiple units to increase income to an even greater return!Or for the owner-resident,these units have unusually nice curb appeal, along with “Pride of ownership” upgrades thru-out,making this a “trophy property” w/ attractive neighborhood amenities.A HUGE parking area has 6 uncovered spots,also has lush grassy play area for sports:basketball/baseball/soccer,even gardening.All new awnings,accented by new paint,Rose gardens,a detached freshly repainted 1 bath/1 bed Craftsman Cottage.One garage unit is rented for storage for $150 a month.Large Planters all around,2 orange trees & 2 avocado trees,one lime,one pomegranate,new paint on buildings and fencing/gate,new light fixtures at street frontage,rock bed(acts as dry well),new 80sf storage shed,newer 64 sf alum shed,new fencing.Formally named “Hedges-Mikkelson Court”,this property has been designated as historically significant to the Anaheim Colony Historic District under the city of Anaheim’s Mills Act program,allowing property taxes to be kept low.Most of the gentrifying neighborhood has been gorgeously remodeled and O.C. “Foodies” love the local restaurants only steps away at the Packing House.Some extras in each unit:#209 (3/1):new heater,new lights,new kitchen tile countertops &cstained cabinets,complete restroom update,stripped base/picture rail/chair rail moldings,new carpet,refinished/stained wood floors,new back door.stained vintage double hung windows,tankless water heater.#209 ½ (3/1):new lighting,new restroom,new kitchen,new laundry,S/S apron front sink,glass tile backsplash,custom cabinets,media unit,heated tile floor,eco resin closet doors.Down lights thru-out,indirect cove lights,lighting control panel,2 bedrooms downstairs w/folding aluminum doors,wood ceilings/wood accents,stained vintage double hung windows,stripped/finished wood flooring,aluminum entry door,wood folding door into garage,hard wired data outlets,tankless water heater,water softener,all new wiring/plumbing,kohler bath fixtures,new gas heater.#211 (1/1):New bathroom,New Tankless Water heater.#211 ½ (1/1):New kitchen,new bathroom,new siding,electrical,plumbing,tankless water heater,new gas vented heater. A GEM!

Primary Features

County: Orange
Price/SqFt: 535.26
Property Sub Type: Quadruplex
Property Type: Residential Income
Subdivision: Other (OTHR)
Year Built: 1924

Interior

Appliances: yes
Appliances: Gas Range, Tankless Water Heater
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
Cooling: yes
Cooling Type: See Remarks, Wall/Window Unit(s)
Fireplace: no
Fireplace Features: None
Flooring: Tile, Wood
Heating: yes
Heating Type: Central, Natural Gas, See Remarks, Wall Furnace
Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Tile Counters
Laundry: yes
Laundry Features: Inside
Levels: Multi/Split
Room Type: Kitchen, Living Room
Spa: no
Spa Features: None

External

Exterior Features: Awning(s)
Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
Lot Size Area: 11761
Lot Size Source: Assessor
Lot Size Square Feet: 11761
Number Of Buildings: 3
Other Structures: Shed(s)
Parking: yes
Parking Features: Assigned
Parking Total: 6
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Uncovered Spaces: 6
View: yes
View Type: Neighborhood
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 79 - Anaheim West of Harbor
Subdivision Name Other: other

Additional

Additional Parcels: no
Association: no
Co List Agent State License: 01910214
Co List Office State License: 01898399
Community Features: Sidewalks, Street Lights
Days On Market: 9
List Agent State License: 01338671
List Office State License: 01898399
Lot Size Units: Square Feet
New Construction: no
Number Of Rented Garages: 1
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: 03611408
Senior Community: no
Utilities: Electricity Connected, Sewer Connected
Year Built Source: Assessor

Financial

Cap Rate: 4.46
Electric Expense: 300
Fuel Expense: 216
Garage Income: 1800
Garage Rental Rate: 150
Gardener Expense: 960
Gross Scheduled Income: 94500
Insurance Expense: 2973
Land Lease: no
Net Operating Income: 71340
New Taxes Expense: 9243
Operating Expense: 23160
Pest Control Expense: 1068
Price Per Unit: 399975
Rent Control: no
Special Listing Conditions: Standard, Trust
Tax Census Tract: 872.00
Tax Lot: E-7
Tax Tract: 811
Tax Tract Number: 811
Tenant Pays: Cable TV, Electricity, Gas
Total Expenses: 23160
Trash Expense: 1440
Water Sewer Expense: 1920

Zoning Info


Area Info


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Listing Agent: Ron Arnold, DRE #01338671 from Keller Williams Realty 714-584-2700
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Listing Agent: Ron Arnold, DRE #01338671 from Keller Williams Realty 714-584-2700
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Listing Agent: Ron Arnold, DRE #01338671 from Keller Williams Realty 714-584-2700

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