1811 W Gramercy Avenue

    Anaheim, CA 92801
    • $1,295,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: OC20018452
    UPDATED: 13 min ago
    $1,295,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,424
      SQFT
    • $293
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    FULLY RENTED... Large Covington Fourplex with 3 beds, 2 baths front unit, 2 units with 2 beds, 1 bath and 1 unit with 1 bed, bath. Long term tenants and easy to rent out. Great investment for owner user as well. Live in one unit and collect rents from the other 3 units. Sellers replace new roof, new five car garage doors and exterior paint. Separate laundry unit that can count as additional income. There is total of five car garage and one outdoor parking space for guess. Each unit has its own electric and gas meter. The property is centralized with walking distance to all the shops, banks and markets. Short and easy access to freeway 5 and 91. Current Cap Rate is 4.18% with the new tax rate. INVESTOR CAN INCREASE TO 4.83% CAP RATE WITH THE PROFORMA INCOME.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T00:29:30.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.

    www.kevinhillre.com/homes/102616453

    1811 W Gramercy Avenue Anaheim, CA 92801

    • Price: $1,295,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: OC20018452
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,424
    SQFT
    $293
    $/SQFT
    1968
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    78 - Anaheim East of Harbor
    Property Description
    FULLY RENTED... Large Covington Fourplex with 3 beds, 2 baths front unit, 2 units with 2 beds, 1 bath and 1 unit with 1 bed, bath. Long term tenants and easy to rent out. Great investment for owner user as well. Live in one unit and collect rents from the other 3 units. Sellers replace new roof, new five car garage doors and exterior paint. Separate laundry unit that can count as additional income. There is total of five car garage and one outdoor parking space for guess. Each unit has its own electric and gas meter. The property is centralized with walking distance to all the shops, banks and markets. Short and easy access to freeway 5 and 91. Current Cap Rate is 4.18% with the new tax rate. INVESTOR CAN INCREASE TO 4.83% CAP RATE WITH THE PROFORMA INCOME.
    Exterior Features

    Architectural Style Ranch Construction Materials ConcreteSynthetic Stucco Exterior Features Satellite DishTv Antenna Fence YN Yes Fencing SecurityWoodWrought Iron Foundation Details Slab Garage Spaces 5.00 Lot Features Level With StreetRectangular LotUtilities - OverheadWalkstreetYard Lot Size Dimensions 70 X 109 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Faces RearGarage - Single DoorGarage - Two DoorGuestOn SiteStreet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley PavedPaved Roof CompositionShingle Spa Features None Spa YN No View None View YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Gas & Electric Dryer HookupIndividual RoomWasher HookupWasher Included Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.18 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 750.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 480.00 Gross Income 75600.00 Gross Multiplier 17.13 Gross Operating Income 75600.00 Gross Scheduled Income 75600.00 Insurance Expense 1150.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 1800.00 Laundry YN Yes Net Operating Income 54175.00 New Construction YN No New Taxes Expense 14245.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 21425.00 Professional Management Expense 0.00 Property Condition Turnkey Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire And Smoke Detection SystemSecurity LightsSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Other Tenant Pays ElectricityGas Total Actual Rent 6300.00 Total Expenses 21425.00 Trash Expense 480.00 Vacancy Allowance 0 Water Sewer Expense 4320.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Trina Tran of Summit Realty Investments Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T00:29:30.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.

     
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