120 E Alberta St, Anaheim, CA 92805
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120 E Alberta St Anaheim, CA 92805

$1,850,000
  • 14 Beds
  • 6 Baths
  • 5,609 Sq.Ft.
For Sale
$1,850,000 Get Pre-Qualified

Property Overview: 120 E Alberta St Anaheim, CA has 14 bedrooms, 6 bathrooms, 5,609 living square feet and 13,068 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 120 East Alberta Street is a 5-unit multifamily investment property located in Anaheim, California. The property has a CAP rate of 6.44% and a GIM of 10.93 on market rents. The property spans across 4 buildings, features more than 5,600 rentable square feet, and offers an attractive mix of 3, two-bedroom units, 1, three-bedroom unit, and 1, five-bedroom home. Currently, the five-bedroom home is being rented as separate upstairs and downstairs units. Amenities include single-story construction (select units), security doors, garage parking, and spacious private yards and patios (select units). The property is situated in an optimal Anaheim location, just north of Downtown Anaheim, placing residents moments away from some of Orange County’s most popular destinations. 120 East Alberta Street is located within blocks of Pearson Park, granting residents convenient access to a variety of outdoor activities. Additionally, residents enjoy the property’s close proximity, within walking distance, to the Anaheim Packing District, a trendy culinary hub that is the premier destination in Downtown Anaheim. Furthermore, 120 East Alberta Street is just over 1.25 miles from Anaheim Plaza, providing residents easy access to everyday needs. The property is within a 1.10-mile radius of Interstate 5 and State Route 91, connecting residents to employment hubs throughout Orange and Los Angeles Counties.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 12 minutes ago | Last updated: June 13th, 2024 | Source CRMLS | DOM: 26
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Home details

Lot Sq. Ft
13,068
HOA Dues
$0/mo
Year built
1922
Garage
4 Car
Property Type:
Apartment
Status
Active
MLS#
OC24103219
City
Anaheim
County
Orange
Time on Site
26 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 4
  • # of Electric Meters: 1
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,915
  • Total Rent: $3,915
  • Pro Forma/Market Rent: $6,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,770
  • Total Rent: $2,770
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $94,620
  • Net Operating Income: $48,494
  • Gross Operating Income: $91,781
  • Vacancy Allowance: $2,839
  • Other Income 1: $1,840
  • Other Income Description: Misc
Annual Expense Breakdown
  • Total Operating Expense: $45,127
  • Electric: $2,525
  • Gas/Fuel: $2,525
  • New Taxes: $20,327
  • Trash: $2,525
  • Insurance: $5,260
  • Maintenance: $3,500
  • Professional Management: $0
  • Water/Sewer: $2,524
  • Other Expenses: $5,941
  • Other Expense Description: Misc

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Property Details for 120 E Alberta St

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 03509608
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: Cross Streets of East Alberta Street & North Anaheim Boulevard
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

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Sale History for 120 E Alberta St

Last sold on July 6th, 2016
  • May, 2024

  • May 21, 2024

    Date

    Active

    CRMLS: OC24103219

    $1,850,000

    Price

  • July, 2016

  • Jul 6, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 1995

  • Feb 7, 1995

    Date

    Sold (Public Records)

    Public Records

    $268,000

    Price

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Tax History for 120 E Alberta St

Assessed Value (2020): $397,646
Year Land Value Improved Value Assessed Value
2020 $250,517 $147,129 $397,646

Home Value Compared to the Market

This property vs the competition

120 E Alberta St is listed 111.43% higher than the median list price for the city of Anaheim which has a median list price of $875,000. The median price per/sqft for Anaheim is $571 and this home is listed at $329.83 per/sqft which puts the price per square foot 42.24% lower than the median price per square foot for the city of Anaheim.

About 120 E Alberta St

Detailed summary of property

120 E Alberta St is a apartment located in Anaheim, CA 92805 and is currently for sale. This apartment offers 14 bedrooms, 6 bathrooms, roughly 5,609 living square feet, and sits on an approximately 13,068 square foot lot. 120 E Alberta St was first listed on ArdentRealEstateGroup.com on May 22, 2024. The homeowner is currently asking $1,850,000. The median priced home in Anaheim is $875,000 with a median price per square foot of $571. Based on Ardent Real Estate Group's Anaheim Market Data, this home is listed 111.43% higher than the median priced home. Local competing homes currently for sale include 1150 S State College Blvd, 301 E Mills Dr and 1210 S Athena Way. While the average home in Anaheim, CA is selling in 45 days, 120 E Alberta St has a days on market of 26 days. There are currently 252 homes for sale in the Anaheim real estate market and 157 of them are single family homes while 67 of them are condos and 28 are townhomes. For more information on this home for sale at 120 E Alberta St Anaheim, CA 92805 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 120 E Alberta St

Public county record property details
Beds
--
Baths
--
Year built
1922
Sq. Ft.
1,564
Lot Size
12,782
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
10
APN
035-096-08

The source for these homes facts are from public records.

92805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$843,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$749,550
Median Sold Price/Sq.Ft.
$531
Total Inventory
63
Median Sale to List Price %
99.94%
Avg Days on Market
28
Loan Type
Conventional (50%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.