2115 Broden Street, Anaheim, CA 92802
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2115 Broden Street, Anaheim, CA 92802
2115 Broden Street, Anaheim, CA 92802
2115 Broden Street, Anaheim, CA 92802
2115 Broden Street, Anaheim, CA 92802
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Madison Ashton

Madison Ashton

Madison and Jane Team

+1(805) 660-3720
Listed by Rick Violett • Investment Brokers O.C.
$ 1,350,000
Est. payment /mo
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Active

2115 Broden Street Anaheim, CA 92802

2,916 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,916 sqft

Price per Sqft $462

MLS Listing ID PW-25199885

HOA Fees $795/mo

Year Built 1964

Lot Size 3,478 Sqft

Property Sub-Type Triplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

2115 Broden St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. ----MANAGEMENT RESPONSIBILITIES---The owner's management responsibilities are minimized because the Homeowners Association manages and pays for all the following: insurance, daily grounds clean-up and inspections, landscaping, patrol service, pool service, laundry room, roofs, building painting/repairs, gates, fences, walkways, utilities (including water), and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $265 per unit per month. Owners of most other 3-unit buildings would have to pay much more for all those expenses. The major responsibility of the owner of this building is to collect rents. All current tenants use electronic rent payments, are never late, and, therefore, this property is ideal for someone who wants income, growth with inflation protection, and minimum time expenditure. ---GREAT INVESTMENT POTENTIAL----This location of this building ensures continued growth in value. It is one short block east of Harbor Blvd about one-half mile south of Disneyland. Within a ten-minute walk there are many major hotels, restaurants, and businesses that offer employment for residents. Proximity to employment opportunities also means increasing demand for rentals, higher rents, fewer vacancies, which results in increasing property values. Other similar 3-unit rental properties are often in areas that have stable, not increasing, demand and consequently, limited upside potential.-----GREAT CASH FLOW ------This property's Net Operating Income for the next 12 months will be about $77,000, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $73380 the CAP rate is 5.36%. Other similar 3-unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not “Pro Forma” income) and realistic comprehensive expenses. Located close to Anaheim Convention center, Disneyland, Major hotels & restaurants, Angel Stadium, and UCI Medical Center. Just east of Harbor Blvd south of Orangewood. We just closed has the adjacent triplex at a higher price $1,393,000 in the same complex on June 30 !

Location

State CA

County Orange

Area 78 - Anaheim East Of Harbor

Interior

Fireplaces Type Living Room, Masonry

Laundry Electric Dryer Hookup, Individual Room, Inside, Washer Hookup

Exterior

Parking Features Garage, Garage Door Opener, Street, Assigned

Garage Spaces 4.0

Pool Association, Fenced, Gunite, In Ground

Community Features Curbs, Sidewalks, Street Lights, Suburban

Utilities Available Sewer Connected, Water Connected, Electricity Available

View Y/N No

View None

Building

Lot Description Level with Street, Near Public Transit, Sprinkler System, Sprinklers In Front

Sewer Sewer Paid

Madison Ashton

Madison Ashton

License ID: 02070216

+1(805) 660-3720

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2115 Broden Street