1556 E Benmore Ln, Anaheim, CA 92805
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1556 E Benmore Ln Anaheim, CA 92805

$1,799,000
  • 9 Beds
  • 7 Baths
  • 4,286 Sq.Ft.
For Sale
$1,799,000 Get Pre-Qualified

Map preview of 1556 E Benmore Ln, Anaheim, CA 92805

Property Overview: 1556 E Benmore Ln Anaheim, CA has 9 bedrooms, 7 bathrooms, 4,286 living square feet and 8,276 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: Covington fourplex producing great rents approximately 5 miles from Disneyland. This larger fourplex at 4,286 sq. ft. has excellent curb appeal and is all unit’s tenant occupied with coveted “owner's unit 3 bedrooms” in front. Each other unit comes with a spacious 2 bedrooms offering unique layouts including private yard patios, balcony, and a 5th enclosed garage space for additional storage. Community laundry room is coin operated and owner-owned with 3 washers and 2 dryers included in this sale. Built in 1966 with a lot size over 8,200 sq. ft. all units have their own separate meters for gas and electricity helping keep operating expenses low. Great location in arguably the best rental market in North Orange County, Anaheim is near everything a tenant could want with easy access to Freeways 57 and 91. Property is a prime asset for any investor’s portfolio with enjoyable long-term upsides.

Listed by Albert Gomez | BRE #01919800 | T.N.G. Real Estate Consultants
Last checked: 9 minutes ago | Last updated: June 4th, 2024 | Source CRMLS | DOM: 134
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Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1966
Garage
5 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24005996
City
Anaheim
County
Orange
Time on Site
143 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # 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: $2,100
  • Total Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.38%
  • Gross Rent Multiplier: 13.87
  • Gross Scheduled Income: $129,700
  • Net Operating Income: $96,724
  • Gross Operating Income: $125,884
  • Vacancy Allowance: $3,816
  • Laundry Income: $2,500
  • Laundry Own/Lease: Own
  • Other Income Description: Estimated laundry 12mo. income
Annual Expense Breakdown
  • Total Operating Expense: $29,160
  • Gas/Fuel: $188
  • New Taxes: $20,967
  • Trash: $0
  • Gardener: $840
  • Insurance: $1,800
  • Maintenance: $1,200
  • Water/Sewer: $3,085
  • Other Expenses: $1,080
  • Other Expense Description: DP & PC

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Property Details for 1556 E Benmore Ln

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Community
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Laminate, Tile
  • Kitchen, Living Room
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Window Features: Double Pane Windows, Screens
  • Security Features: Closed Circuit Camera(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Satellite Dish
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage Faces Rear
Lot Information
  • Lot Features: Lawn, Level with Street, Rectangular Lot, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 07356224
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: No Interior Steps
  • Offered With Property: (3) coin operated washers and (2) coin operated dryers.
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: Cross Streets: Orangethorpe Ave & Acacia Ave
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

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Sale History for 1556 E Benmore Ln

Last sold for $1,400,000 on June 23rd, 2021
  • February, 2024

  • Feb 1, 2024

    Date

    Active

    CRMLS: PW24005996

    $1,875,000

    Price

  • June, 2021

  • Jun 24, 2021

    Date

    Sold

    CRMLS: OC21095721

    $1,400,000

    Price

  • May 19, 2021

    Date

    Pending

    CRMLS: OC21095721

    $1,350,000

    Price

  • May 7, 2021

    Date

    Active

    CRMLS: OC21095721

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Fully occupied 4 Unit property located in Anaheim north of the 91 freeway. This investment offers an owner occupier or investor a chance to acquire a solid rental property in a strong developing rental market. The property is comprised of 4,287 SF with a front 3/2 unit that is perfect for an owner/occupier. There are (3) additional 2 bed units with different layouts, private yard & balcony for added privacy, and a rear garage for additional storage or ADU potential. All of the tenants are month to month, the units are in good condition, and there is opportunity for a new investor to achieve market rents. The building was originally built in 1966 and sits on a total lot size of 7,952 SF in an Opportunity Zone offering additional tax benefits and future development potential. Great Location in North Anaheim in Orange County near Buena Park, Cal State Fullerton, Disneyland Park, Angels Stadium, Freeways, Restaurants & Shops.

  • January, 2016

  • Jan 29, 2016

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

  • July, 2011

  • Jul 12, 2011

    Date

    Sold (Public Records)

    Public Records

    $620,000

    Price

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Tax History for 1556 E Benmore Ln

Assessed Value (2020): $845,191
Year Land Value Improved Value Assessed Value
2020 $684,605 $160,586 $845,191

Home Value Compared to the Market

This property vs the competition

1556 E Benmore Ln is listed 105.6% 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 $567 and this home is listed at $419.74 per/sqft which puts the price per square foot 25.97% lower than the median price per square foot for the city of Anaheim.

About 1556 E Benmore Ln

Detailed summary of property

1556 E Benmore Ln is a fourplex located in Anaheim, CA 92805 and is currently for sale. This fourplex offers 9 bedrooms, 7 bathrooms, roughly 4,286 living square feet, and sits on an approximately 8,276 square foot lot. 1556 E Benmore Ln was first listed on ArdentRealEstateGroup.com on February 2, 2024. The homeowner is currently asking $1,799,000 and was originally asking $1,875,000. The median priced home in Anaheim is $875,000 with a median price per square foot of $567. Based on Ardent Real Estate Group's Anaheim Market Data, this home is listed 105.6% higher than the median priced home. Local competing homes currently for sale include 938 S Gilbuck Dr, 16591 E Buena Vista Ave and 310 E Wakefield Ave. While the average home in Anaheim, CA is selling in 45 days, 1556 E Benmore Ln has a days on market of 134 days. There are currently 260 homes for sale in the Anaheim real estate market and 162 of them are single family homes while 68 of them are condos and 30 are townhomes. For more information on this home for sale at 1556 E Benmore Ln Anaheim, CA 92805 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 1556 E Benmore Ln

Public county record property details
Beds
--
Baths
--
Year built
1966
Sq. Ft.
4,287
Lot Size
7,925
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
8
APN
073-562-24

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
$849,000
Median List Price/Sq.Ft.
$567
Median Sold Price
$749,550
Median Sold Price/Sq.Ft.
$531
Total Inventory
62
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.