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1811 W Gramercy Ave, Anaheim, CA 92801
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1811 W Gramercy Ave Anaheim, CA 92801

$1,495,000 Sold Price as of 01/05/2022
  • 8 Beds
  • 5 Baths
  • 4,424 Sq.Ft.
Sold
$1,495,000 Sold Price as of 01/05/2022 Refinance Your Mortgage
Map preview of 1811 W Gramercy Ave, Anaheim, CA 92801

Property Overview: 1811 W Gramercy Ave Anaheim, CA has 8 bedrooms, 5 bathrooms, 4,424 living square feet and 7,841 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INVESTORS! LOOK NO FURTHER. This fully rented 4-plex is an amazing investment opportunity with HIGH CAP RATE. Seller did many upgrades including new roof, new garage doors and new exterior paint. Seller also just remodeled two units early this year. The property has been really well-maintained by seller for many years. There is an onsite laundry room that can be used for additional income. There are total of six parking spots on the property which one of them can be used for guest parking. Each unit has its own electricity and gas meter. The property is located minutes away from freeway 5 & 91. Schools, shopping centers and parks are also just around the corner. You don't want to miss out on this deal. This will move fast!

Listed by Yung Sheng Wang | BRE #02093866 | GoGo Realtors R.H Corp.
Last checked: 11 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1968
Garage
5 Car
Property Type:
Fourplex
Status
Sold
MLS#
TR21220893
City
Anaheim
County
Orange
Time on Site
954 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $85,200
  • Net Operating Income: $77,500
  • Gross Operating Income: $85,200
Annual Expense Breakdown
  • Total Operating Expense: $7,700
  • Electric: $3,600
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,700
  • Water/Sewer: $1,200
  • Other Expenses: $1,200
  • Other Expense Description: Gas

Property Details for 1811 W Gramercy Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate, Tile, Vinyl
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Gas Water Heater
Interior Features
  • Levels: One, Two
  • Window Features: Screens, Wood Frames
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Security Lights
Exterior Features
Exterior Information
  • Roof: Composition
  • 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
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 27205401
  • Year Built Source: Public Records
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
  • Utilities: Cable Available, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: None
  • Directions: Take freeway 5, exit Euclid, right on Euclid, left on Crescent, right on Gramercy
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Anaheim Agent

Sale History for 1811 W Gramercy Ave

Last leased for $1,700 on August 17th, 2023

  • April, 2024

  • Apr 2, 2024

    Date

    Expired

    CRMLS: SB23198194

    $1,700,000

    Price

  • Oct 24, 2023

    Date

    Active

    CRMLS: SB23198194

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to an exceptional investment opportunity for savvy investors! This fully rented 4-plex offers a remarkable investment opportunity. Recently, two of the units were beautifully remodeled, ensuring tenant satisfaction and maximizing rent potential. This property has been meticulously maintained by the seller over the years, ensuring minimal hassle for the new owner. Parking is a breeze with a total of six dedicated spots on the property, one of which can serve as guest parking. Each unit is separately metered for electricity and gas, offering convenience for both the landlord and tenants. Situated just minutes away from the 5 and 91 freeways, this property is strategically located for commuters and renters alike. It's also in close proximity to schools, shopping centers, and parks, making it a highly desirable location for tenants seeking convenience and accessibility. This is a golden opportunity for investors looking for a turnkey property with a strong rental history and impressive income potential. Properties like this don't stay on the market for long, so act quickly to seize this incredible investment. Don't let this gem slip through your fingers; make your move today!

  • August, 2023

  • Aug 17, 2023

    Date

    Leased

    CRMLS: SB23132761

    $1,700

    Price

  • Jul 19, 2023

    Date

    Active

    CRMLS: SB23132761

    $1,700

    Price

  • Listing provided courtesy of CRMLS

  • November, 2021

  • Nov 4, 2021

    Date

    Active Under Contract

    CRMLS: TR21220893

    $1,495,000

    Price

  • July, 2021

  • Jul 12, 2021

    Date

    Canceled

    CRMLS: OC21118070

    $1,525,000

    Price

  • Jun 2, 2021

    Date

    Active

    CRMLS: OC21118070

    $1,525,000

    Price

  • Listing provided courtesy of CRMLS

    FULLY RENTED...EXCELLENT INVESTMENT INCOME OPPORTUNITY...LARGE COVINGTON FOURPLEX WITH 3 BEDS, 2 BATHS FRONT UNIT, 2 UNITS WITH 2 BEDS, 1 BATH, AND ONE UNIT WITH 1 BED, 1 BATH. Long term tenants and easy to rent out. Great investment for owner user as well. Live in one unit and collect rents from the other three units. Sellers replaced new roof, new five car garage doors and exterior paint. Separate laundry unit that can count as additional income. There is a total of five care garage and one outdoor parking space for guess. Each unit has its own electricity and gas meter. The property is centralized with walking distance to all the shops, banks and markets. Short and easy access to freeway 5 and 91. There is a lot of upside rent increase to bring higher cap rate.

  • July, 2020

  • Jul 1, 2020

    Date

    Expired

    CRMLS: OC20018452

    $1,295,000

    Price

  • May 3, 2020

    Date

    Withdrawn

    CRMLS: OC20018452

    $1,295,000

    Price

  • Jan 27, 2020

    Date

    Active

    CRMLS: OC20018452

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    FULLY RENTED... Large Covington Fourplex with 3 beds, 2 baths front unit, 2 units with 2 beds, 1 bath and 1 unit with 1 bed, bath. Long term tenants and easy to rent out. Great investment for owner user as well. Live in one unit and collect rents from the other 3 units. Sellers replace new roof, new five car garage doors and exterior paint. Separate laundry unit that can count as additional income. There is total of five car garage and one outdoor parking space for guess. Each unit has its own electric and gas meter. The property is centralized with walking distance to all the shops, banks and markets. Short and easy access to freeway 5 and 91. Current Cap Rate is 4.18% with the new tax rate. INVESTOR CAN INCREASE TO 4.83% CAP RATE WITH THE PROFORMA INCOME.

  • February, 2015

  • Feb 4, 2015

    Date

    Sold (Public Records)

    Public Records

    $689,000

    Price

  • June, 2004

  • Jun 25, 2004

    Date

    Sold (Public Records)

    Public Records

    $779,000

    Price

Show More

Tax History for 1811 W Gramercy Ave

Assessed Value (2020): $735,568
Year Land Value Improved Value Assessed Value
2020 $573,743 $161,825 $735,568

Home Value Compared to the Market

This property vs the competition

1811 W Gramercy Ave sold on January 5, 2022 for 69.89% higher than the current median sold price for the city of Anaheim which is $880,000. The median sold price per/sqft for Anaheim is $542 and this home is sold at $337.93 per/sqft which puts the price per square foot 37.65% lower than the current median sale per square foot for the city of Anaheim.

About 1811 W Gramercy Ave

Detailed summary of property

1811 W Gramercy Ave is a fourplex that recently sold in Anaheim, CA 92801. This fourplex offered 8 bedrooms, 5 bathrooms, roughly 4,424 living square feet, and sits on an approximately 7,841 square foot lot. 1811 W Gramercy Ave was first listed on ArdentRealEstateGroup.com on October 5, 2021. The homeowner sold the property for $1,495,000. Home in Anaheim are selling for a median price of $880,000 and a median price per square foot of $542. Based on Ardent Real Estate Group's Anaheim Market Data, this home is sold 69.89% higher than the current median priced home. Local homes that are currently for sale include 8860 Tina Way, 119 S Delano St and 7545 Jackson Way. While the average home in Anaheim, CA is selling in 40 days, 1811 W Gramercy Ave has a days on market of 24 days. There are currently 258 homes for sale in the Anaheim real estate market and 151 of them are single family homes while 78 of them are condos and 29 are townhomes. For more information on this home for sale at 1811 W Gramercy Ave Anaheim, CA 92801 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 1811 W Gramercy Ave

Public county record property details
Beds
--
Baths
--
Year built
1968
Sq. Ft.
4,424
Lot Size
7,055
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
16
APN
272-054-01

The source for these homes facts are from public records.

92801 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$795,000
Median List Price/Sq.Ft.
$548
Median Sold Price
$850,000
Median Sold Price/Sq.Ft.
$501
Total Inventory
50
Median Sale to List Price %
101.63%
Avg Days on Market
21
Loan Type
Conventional (57.89%), FHA (0%), VA (0%), Cash (21.05%), Other (21.05%)

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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