2599 E Ward Terrace

    Anaheim, CA 92806
    • $1,180,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: PW18238702
    UPDATED: 32 min ago
    $1,180,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,969
      SQFT
    • $297
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    The Ward Terrace 4-plex apartments offer a great opportunity to purchase a well run 4-plex on a rarely available cul-de-sac street in Anaheim. The building is 3,969 square feet and features a desirable unit mix of (1) 3 Bed 2 Bath (1) 2 Bed 1 Bath and (2) 1 Bed 1 Bath units. All units have been updated with tile flooring throughout and most have a fresh coat of paint. Two of the apartments have been extensively renovated with new kitchen cabinets, new counter tops, brushed nickel fixtures, and porcelin tile flooring. Tenants enjoy garage parking, enclosed patios, central forced air heating, wall air conditioning, and have access to an onsite laundry room. Additonally owner expenses are minimal as the property is separately metered for gas and electric and the tenants pay for their own portion of the trash bill. This is the first time since 2009 a 4-plex has been for sale on Ward Terrace; don't miss out on this rare investment opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-16T19:36:21.523. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88118482

    2599 E Ward Terrace Anaheim, CA 92806

    • Price: $1,180,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: PW18238702
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    3,969
    SQFT
    $297
    $/SQFT
    1968
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    78 - Anaheim East of Harbor
    Property Description
    The Ward Terrace 4-plex apartments offer a great opportunity to purchase a well run 4-plex on a rarely available cul-de-sac street in Anaheim. The building is 3,969 square feet and features a desirable unit mix of (1) 3 Bed 2 Bath (1) 2 Bed 1 Bath and (2) 1 Bed 1 Bath units. All units have been updated with tile flooring throughout and most have a fresh coat of paint. Two of the apartments have been extensively renovated with new kitchen cabinets, new counter tops, brushed nickel fixtures, and porcelin tile flooring. Tenants enjoy garage parking, enclosed patios, central forced air heating, wall air conditioning, and have access to an onsite laundry room. Additonally owner expenses are minimal as the property is separately metered for gas and electric and the tenants pay for their own portion of the trash bill. This is the first time since 2009 a 4-plex has been for sale on Ward Terrace; don't miss out on this rare investment opportunity.
    Exterior Features

    Garage Spaces 5.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 9.00 Pool Features None Pool Private YN No Property Attached 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 No Common Walls Flooring Tile Laundry Features Individual Room Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.30 Community Features Curbs Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 1200.00 Gross Multiplier 13.56 Gross Operating Income 83226.00 Gross Scheduled Income 85800.00 Insurance Expense 1250.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 100.00 Laundry YN Yes Maintenance Expense 3777.00 Net Operating Income 59201.00 New Construction YN No New Taxes Expense 13779.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number Wall AC 4 Number With Dishwasher 4 Number With Disposal 4 Number With Patio 4 Number With Range 4 Operating Expense 24025.00 Other Expense 3000.00 Other Expense Description Utility Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other None Tenant Pays Cable TvElectricityGasTrash Collection Total Actual Rent 6390.00 Total Expenses 24025.00 Trash Expense 0.00 Vacancy Allowance 2574 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Arp of Morgan Skenderian.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-16T19:36:21.523. 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. Licensed in the State of California, USA.
     
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