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1623 S Walnut St, Anaheim, CA 92802
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1623 S Walnut St Anaheim, CA 92802

$3,600,000 Sold Price as of 01/31/2024
  • 16 Beds
  • 16 Baths
  • 10,008 Sq.Ft.
Sold
$3,600,000 Sold Price as of 01/31/2024 Refinance Your Mortgage
Map preview of 1623 S Walnut St, Anaheim, CA 92802

Property Overview: 1623 S Walnut St Anaheim, CA has 16 bedrooms, 16 bathrooms, 10,008 living square feet and 826,551,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 1623 and 1629 Walnut St, Anaheim A highly sought-after 16-unit apartment building located just steps away from the magical wonders of Disneyland, right in the heart of Anaheim! This exceptional property, boasting two 8 unit buildings in a prime location directly behind Downtown Disneyland, presents a unique investment opportunity for astute buyers looking to capitalize on both location and value add potential. This property is being offered for the first time in 47 years. Consisting of 16 spacious one-bedroom, one-bathroom units, each designed to provide comfort and convenience to its residents, this apartment building offers a wonderful rental income potential in a thriving rental market. One of the standout features of this property is the 16 convenient carports, providing ample parking space for residents and ensuring ease of access. The location couldn't be more ideal for residents and investors alike. Situated in the heart of Anaheim, just a stone's throw away from Downtown Disneyland, residents will enjoy the convenience of being able to walk to the vibrant entertainment district with its countless restaurants, shops, and attractions. Additionally, the property is nestled in a prime rental market, offering immense value-add potential. With Anaheim experiencing consistent growth and a strong demand for housing, savvy investors can take advantage of the current market conditions to enhance the property's value and maximize rental income. Renovations, upgrades, and modern amenities could be added to increase overall cash flow. Whether you are an investor looking to expand your portfolio or a discerning buyer seeking an income-generating property in an exceptional location, this 16-unit apartment building presents an extraordinary opportunity. Don't miss out on this rare gem in the heart of Anaheim's prime rental market with its remarkable proximity to Disneyland. Seize the chance to make your mark and unlock the true potential of this property.

Listed by Jerry Jervis | BRE #01185627 | Seven Gables Real Estate
Co-listed by Michael Hickman | BRE #01410360 | Seven Gables Real Estate
Last checked: 10 minutes ago | Last updated: February 2nd, 2024 | Source CRMLS | DOM: 145

Home details

Lot Sq. Ft
826,551,000
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW23096662
City
Anaheim
County
Orange
Time on Site
481 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
  • # of Leased Units: 16
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 13
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $14,742
  • Total Rent: $14,742
  • Pro Forma/Market Rent: $23,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,230
  • Total Rent: $1,230
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $221,664
  • Net Operating Income: $141,829
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $79,835
  • Electric: $2,450
  • Gas/Fuel: $4,206
  • Licenses: $115
  • New Taxes: $45,360
  • Trash: $2,000
  • Gardener: $1,995
  • Insurance: $7,070
  • Professional Management: $0
  • Water/Sewer: $10,000
  • Other Expenses: $5,137
  • Other Expense Description: Repairs

Property Details for 1623 S Walnut St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Parcel Number: 12933209
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: none
  • Directions: Walnut North of Katella
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Anaheim Agent

Sale History for 1623 S Walnut St

Last sold for $3,600,000 on January 31st, 2024

  • January, 2024

  • Jan 31, 2024

    Date

    Sold

    CRMLS: PW23096662

    $3,600,000

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: PW23096662

    $4,200,000

    Price

  • March, 1976

  • Mar 11, 1976

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1623 S Walnut St

Assessed Value (2020): $176,188
Year Land Value Improved Value Assessed Value
2020 $58,142 $118,046 $176,188

Home Value Compared to the Market

This property vs the competition

1623 S Walnut St sold on January 31, 2024 for 359.54% higher than the current median sold price for the city of Anaheim which is $865,000. The median sold price per/sqft for Anaheim is $587 and this home is sold at $397.18 per/sqft which puts the price per square foot 32.34% lower than the current median sale per square foot for the city of Anaheim.

About 1623 S Walnut St

Detailed summary of property

1623 S Walnut St is a apartment that recently sold in Anaheim, CA 92802. This apartment offered 16 bedrooms, 16 bathrooms, roughly 10,008 living square feet, and sits on an approximately 826,551,000 square foot lot. 1623 S Walnut St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $3,600,000. Home in Anaheim are selling for a median price of $865,000 and a median price per square foot of $587. Based on Ardent Real Estate Group's Anaheim Market Data, this home is sold 359.54% higher than the current median priced home. Local homes that are currently for sale include 2501 Florida St, 16861 Green Ln and 432 Hamilton St. While the average home in Anaheim, CA is selling in 53 days, 1623 S Walnut St has a days on market of 145 days. There are currently 286 homes for sale in the Anaheim real estate market and 174 of them are single family homes while 82 of them are condos and 30 are townhomes. For more information on this home for sale at 1623 S Walnut St Anaheim, CA 92802 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 1623 S Walnut St

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
5,004
Lot Size
8,875
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
3
APN
129-332-09

The source for these homes facts are from public records.

92802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,000
Median List Price/Sq.Ft.
$593
Median Sold Price
$895,000
Median Sold Price/Sq.Ft.
$532
Total Inventory
28
Median Sale to List Price %
99.56%
Avg Days on Market
26
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (25%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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.

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