Listing ID: RS21095872
Price: $2,199,000
Price/SqFt: $471.69
Status: Active Under Contract
Address: 929 W Lodge Avenue
City: Anaheim
State: California
Postal Code: 92801
SqFt: 4,662
Acres: 0.190
County: Orange
Anaheim
CA
92801
Located within Anaheim's Platinum Triangle area, this Six-unit complex is situated at the end of a Cul-de-sac. The area is said to be one of the most exciting places to live,work and play. Many of Southern Californa's famous attractions are just a few minutes away from the property location, including Disneyland, Angel Stadium of Anaheim and the Arrowhead Pond. The Riverside Freeway (I-91) is minutes away, proving convenient access throughout Orange County. The two storey apartment complex consits of Six two bedroom and One bath units. attached to the complex are 3 double car garages. This creates a total of 13 parking spaces. Each unit is individually metered for gas and electricity, in addition to individaul water heaters. The stove and water heater are both fueled by natural gas, which the tenant pays for. Tenants are resposible for trash collection, making this property as close to maintainance free as apartment buildings can get. All kitchen cabinets and the counter tops in all units have recently been highly upgraded and the plumbing in almost all the units have been converted to copper pipping. Additionally, each unit has washer and dryer hook ups for the tenants convenience.

Primary Features

County: Orange
Price/SqFt: 471.69
Property Type: Residential Income
Year Built: 1957
Zoning: R3

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: 1 Common Wall
Garage Spaces: 12
Laundry: yes
Laundry Features: Common Area, Washer Hookup
Levels: Two
Stories Total: 2

External

Lot Features: 6-10 Units/Acre
Lot Size Area: 8276
Lot Size Source: Assessor
Lot Size Square Feet: 8276
Number Of Buildings: 1
Parking Total: 18
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Uncovered Spaces: 6
Water Source: Public

Location

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

Additional

Additional Parcels: no
Community Features: Street Lights
Days On Market: 172
List Agent State License: 00878965
List Office State License: 00878965
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 7
Number Of Separate Gas Meters: 6
Number Of Separate Water Meters: 1
Number Of Units Leased: 6
Number Of Units Total: 6
Parcel Number: 27101228
Senior Community: no
Year Built Source: Assessor

Financial

Cap Rate: 4.04
Gardener Expense: 840
Gross Operating Income: 125712
Gross Scheduled Income: 129600
Insurance Expense: 3166
Land Lease: no
Maintenance Expense: 3000
Net Operating Income: 88808
New Taxes Expense: 27498
Operating Expense: 36904
Rent Control: no
Special Listing Conditions: Standard
Tax Census Tract: 866.01
Tax Lot: 16
Tax Tract Number: 2820
Total Actual Rent: 10800
Total Expenses: 36904
Vacancy Allowance: 3888
Vacancy Allowance Rate: 3
Water Sewer Expense: 2400

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 Wednesday, October 27th, 2021.

Based on information from CARETS as of Wednesday, October 27th, 2021 11:57:19 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.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including 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.
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Listing courtesy of Jag Mehta, DRE #00878965 from Gateway Realty

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