Anaheim, CA 92804,927 S Bruce Street

$3,350,000

$3,700,000

9.5%
Est.Price: ?

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Est. payment /mo

1 Bed

2 Baths

0.58 Acres Lot


SOLD DATE : 11/27/2024

Key Details

Sold Price $3,350,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24188324

Sold Date 11/27/24

Bedrooms 1

HOA Y/N No

Lot Size 0.576 Acres

Property Description

We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Dont miss out on this outstanding investment opportunity!
We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Dont miss out on this outstanding investment opportunity!

Location

State CA

County Orange

Area Oc - Anaheim (92804)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 1

Level or Stories 1 Story

Others

Monthly Total Fees $298

Acceptable Financing Conventional

Space Rent $1,579

Listing Terms Conventional

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by James Wardlaw • Triqor Group
Bought with Gary Tolfa • Triqor Group
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1420 Kettner Blvd, Diego, CA, 92101, United States

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