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Listed by Paul Banke • Kirklen Investment Group
$ 965,000
Est. payment /mo
Active Under Contract
1169 North Mayfair Avenue Anaheim, CA 92801
2,414 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,414 sqft
Price per Sqft $399
MLS Listing ID OC-25266183
Year Built 1957
Lot Size 8,714 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
This property is for sale with the adjacent triplex, 1163 N Mayfair Avenue. Built in 1957, the subject property offers (2) side-by-side triplexes featuring a diverse unit mix comprised of (4) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units totaling 4,828 square feet. Situated on a large 17,428 square foot lot, 1163-1169 N Mayfair Avenue provides residents ample on-site parking with (6) garage parking spaces and (8) open parking spaces. Each unit also contains individual water heaters. Residents enjoy being located within proximity to the Anaheim Resort District, Platinum Triangle, and Downtown Anaheim which provide residents an abundance of shopping, entertainment, and dining options. 1163-1169 N Mayfair Avenue also benefits from being located within proximity to the I-5 and SR-91 freeways, which provides residents with ease of transportation throughout California and beyond. 1163-1169 N Mayfair Avenue also provides a new owner multiple paths to create and increase value. A new owner can take advantage of the 43% rental upside through modernization of the interiors to capture market rents. Additionally, the subject property also offers the opportunity to create value by converting the 570 square foot garages into ADU's (buyer to verify) turning the subject property from a 6-unit building to an 8-unit building creating more supply for the high demand rental market of Anaheim where 54% of residents rent.
Location
State CA
County Orange
Interior
Laundry None
Exterior
Parking Features Garage - Single Door
Garage Spaces 3.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Storm Drains
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer