123 N East St, Anaheim, CA 92805
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123 N East St Anaheim, CA 92805

$1,740,000
  • 10 Beds
  • 5 Baths
  • 4,335 Sq.Ft.
For Sale
$1,740,000 Get Pre-Qualified

Map preview of 123 N East St, Anaheim, CA 92805

Property Overview: 123 N East St Anaheim, CA has 10 bedrooms, 5 bathrooms, 4,335 living square feet and 14,262 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: Pleased to present 123 N. East Street, an exceptional 5-unit investment opportunity located in Anaheim. Situated on just over 14,000 square feet of land, this property consists exclusively of two bedroom/one bathroom, single story units. Residents enjoy amenities such as an onsite laundry facility, private patios for each unit, security screen doors and (5) garages. This property has been professionally managed and maintained for years, and, just recently, current ownership invested a significant amount of capital including all new electrical panels as well a brand new roof for both garage structures, the freestanding unit at the rear of the property and the fourplex at the front of the property. All of the units are individually metered for electricity and gas, and the tenants pay their own trash.

Listed by Paul Espinosa | BRE #01942627 | Morgan Skenderian
Co-listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Last checked: 2 minutes ago | Last updated: September 12th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
14,262
HOA Dues
$0/mo
Year built
1956
Garage
5 Car
Property Type:
Apartment
Status
Active
MLS#
PW24189951
City
Anaheim
County
Orange
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,810
  • Total Rent: $1,810
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,655
  • Total Rent: $1,655
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,970
  • Total Rent: $1,970
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,023
  • Total Rent: $2,023
  • Pro Forma/Market Rent: $2,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.51%
  • Gross Rent Multiplier: 14.57
  • Gross Scheduled Income: $119,458
  • Net Operating Income: $78,409
  • Gross Operating Income: $115,874
  • Vacancy Allowance: $3,584
  • Laundry Income: $3,600
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $37,464
  • Licenses: $1,000
  • New Taxes: $20,395
  • Trash: $0
  • Gardener: $3,793
  • Insurance: $3,685
  • Maintenance: $4,635
  • Professional Management: $0
  • Water/Sewer: $2,798
  • Other Expenses: $1,159
  • Other Expense Description: Reserves

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Property Details for 123 N East St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: See Remarks
  • See Remarks
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 03523420
  • Year Built Source: Public Records
  • 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: Kroeger's
  • Directions: North on East Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 123 N East St

View property's historical transactions
  • September, 2024

  • Sep 12, 2024

    Date

    Active

    CRMLS: PW24189951

    $1,740,000

    Price

Tax History for 123 N East St

Assessed Value (2020): $129,548
Year Land Value Improved Value Assessed Value
2020 $57,001 $72,547 $129,548

Home Value Compared to the Market

This property vs the competition

123 N East St is listed 97.73% higher than the median list price for the city of Anaheim which has a median list price of $880,000. The median price per/sqft for Anaheim is $576 and this home is listed at $401.38 per/sqft which puts the price per square foot 30.32% lower than the median price per square foot for the city of Anaheim.

About 123 N East St

Detailed summary of property

123 N East St is a apartment located in Anaheim, CA 92805 and is currently for sale. This apartment offers 10 bedrooms, 5 bathrooms, roughly 4,335 living square feet, and sits on an approximately 14,262 square foot lot. 123 N East St was first listed on ArdentRealEstateGroup.com on September 12, 2024. The homeowner is currently asking $1,740,000. The median priced home in Anaheim is $880,000 with a median price per square foot of $576. Based on Ardent Real Estate Group's Anaheim Market Data, this home is listed 97.73% higher than the median priced home. Local competing homes currently for sale include 2121 E Almont Ave, 2321 E Omega Ave and 1000 E Commonwealth Ave. While the average home in Anaheim, CA is selling in 50 days, 123 N East St has a days on market of 6 days. There are currently 293 homes for sale in the Anaheim real estate market and 181 of them are single family homes while 83 of them are condos and 29 are townhomes. For more information on this home for sale at 123 N East 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 123 N East St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
14,918
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
035-234-20

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
$813,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$862,000
Median Sold Price/Sq.Ft.
$556
Total Inventory
72
Median Sale to List Price %
101.53%
Avg Days on Market
28
Loan Type
Conventional (70.83%), FHA (0%), VA (4.17%), Cash (12.5%), Other (12.5%)

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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.