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Karen Hiatt

karen.hiatt@engelvoelkers.com +1(805) 551-1225

Listed by Rick Violett • Investment Brokers O.C.

$ 1,350,000

Est. payment -/mo

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Active

2134 South Acama Street Anaheim, CA 92802

3,434 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,434 sqft

Price per Sqft $393

MLS Listing ID PW-25198911

HOA Fees $735/mo

Year Built 1964

Lot Size 2,442 Sqft

Property Sub-Type Quadruplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

2134 Acama 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, and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $735 per month. Owners of most other 4-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 4-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 $73,460, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $73,460 the CAP rate is 5.44%. Other similar 4-unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not “Pro Forma” income) and realistic comprehensive expenses.
All two story 1 bedroom, 1.5 bath units , wall a/c units, each with patio and balcony. All units have garages with openers. Two units are in the gated common area overlooking the pool, other two face the street. Back on the market.

Location

State CA

County Orange

Area 78 - Anaheim East Of Harbor

Interior

Interior Features Balcony

Heating Ductless, Radiant

Flooring Carpet, Laminate, Tile, Vinyl

Fireplaces Type None

Laundry Common Area, Community

Exterior

Parking Features Garage, Garage Door Opener, Off Site, Street

Garage Spaces 4.0

Pool Association, Fenced, Filtered, Gunite, Heated

Community Features Sidewalks, Street Lights, Suburban

Utilities Available Sewer Connected, Water Connected, Electricity Connected

View Y/N Yes

View Pool, Courtyard

Building

Lot Description Sprinkler System

Sewer Sewer Paid

Karen Hiatt

Advisor | License ID: 01966162

+1(805) 551-1225

Karen Hiatt

2134 South Acama Street Anaheim, CA 92802

Key Details

Location

Interior

Exterior

Building

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2134 South Acama Street