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2070 S Mountain View Ave, Anaheim, CA 92802
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2070 S Mountain View Ave Anaheim, CA 92802

$4,100,000 Sold Price as of 12/02/2020
  • 30 Beds
  • 16 Baths
  • 13,200 Sq.Ft.
Sold
$4,100,000 Sold Price as of 12/02/2020 Refinance Your Mortgage
Map preview of 2070 S Mountain View Ave, Anaheim, CA 92802

Property Overview: 2070 S Mountain View Ave Anaheim, CA has 30 bedrooms, 16 bathrooms, 13,200 living square feet and 20,473 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic opportunity to buy 16 units, Corner building. HIGHER INCOME with exterior renovation in July 2019. This 16 unit Multi- Family Property has a nice curb appeal with a strong current cap rate above 4.5% and over 5% on market. Built in 1962, The building has 13,200 rentable square feet spread across a lot size totaling 0.48 acres. This building offers (14)units 2 bedroom 1 bath, and (2) 1 bedroom 1 bath. Tenants have their own electric meters, The building has a gated front yard, nicely landscaped with grass, trees and plants. The property has plenty of parking including assigned 18 garages and 7 parking spaces, As well as an on site laundry room, Spacious interior court yard located in the center of the property, fantastic location close to many major retail shops, schools and employment. The property is conveniently located less than a mile from 1-5 Freeway. This property provides and investor the opportunity to acquire an apartment building with exceptional valued- add upside in a premier solid rental location in the city of Anaheim.

Listed by Flor Roman | BRE #01201196 | Roman Realtors & Financial Ser
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 184

Home details

Lot Sq. Ft
20,473
HOA Dues
$0/mo
Year built
1962
Garage
18 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20029966
City
Anaheim
County
Orange
Time on Site
1389 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Leased Units: 16
  • # of Electric Meters: 16
  • # of Gas Meters: 1
  • # 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: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 8
  • # 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: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,630
  • Total Rent: $1,630
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 2
  • # 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: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # 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: $1,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 14.4
  • Gross Scheduled Income: $291,660
  • Net Operating Income: $193,998
  • Gross Operating Income: $288,550
  • Vacancy Allowance: $8,750
  • Gross Spendable Income: $288,550
  • Garage Rental Income: $3,840
  • Laundry Income: $1,800
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $94,552
  • Electric: $2,400
  • Gas/Fuel: $2,400
  • Licenses: $110
  • New Taxes: $53,750
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $4,500
  • Maintenance: $8,000
  • Professional Management: $13,392
  • Water/Sewer: $8,400

Property Details for 2070 S Mountain View Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Common Area, Community, Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Flat, Shingle, Tar/Gravel
  • Has Fence
  • Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 18
  • # of Parking Spaces: 25
  • Has Parking
  • Parking Features: Assigned, Covered, Direct Garage Access, Driveway, Garage Faces Rear, Garage - Two Door, Garage Door Opener, Private, Side by Side
Lot Information
  • Lot Features: Rectangular Lot, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Parcel Number: 13733213
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Assume
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: n/a
  • Directions: Orange-wood / Mountain View
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Anaheim Agent

Sale History for 2070 S Mountain View Ave

Last sold for $4,100,000 on December 2nd, 2020

  • December, 2020

  • Dec 3, 2020

    Date

    Sold

    CRMLS: PW20029966

    $4,100,000

    Price

  • Nov 30, 2020

    Date

    Active Under Contract

    CRMLS: PW20029966

    $4,299,900

    Price

  • Feb 15, 2020

    Date

    Active

    CRMLS: PW20029966

    $4,299,900

    Price

  • November, 2019

  • Nov 27, 2019

    Date

    Expired

    CRMLS: OC19155477

    $4,200,000

    Price

  • Aug 23, 2019

    Date

    Price Change

    CRMLS: OC19155477

    $4,200,000

    Price

  • Jul 2, 2019

    Date

    Active

    CRMLS: OC19155477

    $4,300,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED and HIGHER INCOME and EXTERIOR RENOVATION IN JULY 2019. This sixteen-unit multifamily property offers nice curb appeal with a strong current cap rate above 4.5% and over 5% on market. Built in 1962, the Mountain View Apartments consists of 13,200 rentable square feet spread across a lot size totaling 0.48 acres. The asset offers 14 - 2 bed / 1 bath units and 2 - 1 bed units. The building has a gated front yard and is nicely landscaped with grass, trees, and plants. The property has plenty of parking including assigned garages as well as an on-site laundry room. A spacious interior courtyard is located in the center of the property. This property is in a good central Anaheim location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the I-5 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire an apartment community with exceptional value-add upside in a solid rental area.

  • June, 2019

  • Jun 28, 2019

    Date

    Canceled

    CRMLS: OC19010377

    $4,560,000

    Price

  • Jan 16, 2019

    Date

    Active

    CRMLS: OC19010377

    $4,560,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 2070 S Mountain View Ave, a sixteen-unit multifamily property located in the City of Anaheim, California. Built in 1962, the Mountain View Apartments consists of 13,200 rentable square feet spread across a lot size totaling 0.48 acres. The asset offers two 1 bedroom / 1 bathroom units as well as fourteen 2 bedroom / 1 bathroom units. The building has a gated front yard and is nicely landscaped with grass, trees, and plants. The property has plenty of parking including assigned garages as well as an on-site laundry room. A spacious interior courtyard is located in the center of the property. This property is in a good central Anaheim location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the I-5 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional value-add upside in a premier location within the city.

  • August, 2003

  • Aug 28, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,800,000

    Price

  • August, 2000

  • Aug 22, 2000

    Date

    Sold (Public Records)

    Public Records

    $951,000

    Price

Show More

Tax History for 2070 S Mountain View Ave

Assessed Value (2020): $2,285,173
Year Land Value Improved Value Assessed Value
2020 $1,828,138 $457,035 $2,285,173

Home Value Compared to the Market

This property vs the competition

2070 S Mountain View Ave sold on December 2, 2020 for 399.99% higher than the current median sold price for the city of Anaheim which is $860,000. The median sold price per/sqft for Anaheim is $536 and this home is sold at $325.75 per/sqft which puts the price per square foot 39.23% lower than the current median sale per square foot for the city of Anaheim.

About 2070 S Mountain View Ave

Detailed summary of property

2070 S Mountain View Ave is a multi family that recently sold in Anaheim, CA 92802. This multi family property offered 30 bedrooms, 16 bathrooms, roughly 13,200 living square feet, and sits on an approximately 20,473 square foot lot. 2070 S Mountain View Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $4,100,000. Home in Anaheim are selling for a median price of $860,000 and a median price per square foot of $536. Based on Ardent Real Estate Group's Anaheim Market Data, this home is sold 399.99% higher than the current median priced home. Local homes that are currently for sale include 210 Grant St, 210 Grant St and 213 41st St. While the average home in Anaheim, CA is selling in 44 days, 2070 S Mountain View Ave has a days on market of 184 days. There are currently 223 homes for sale in the Anaheim real estate market and 129 of them are single family homes while 66 of them are condos and 28 are townhomes. For more information on this home for sale at 2070 S Mountain View Ave Anaheim, CA 92802 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 2070 S Mountain View Ave

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
13,200
Lot Size
20,853
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
19
APN
137-332-13

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
$900,000
Median List Price/Sq.Ft.
$533
Median Sold Price
$907,000
Median Sold Price/Sq.Ft.
$660
Total Inventory
23
Median Sale to List Price %
103.19%
Avg Days on Market
24
Loan Type
Conventional (42.86%), FHA (0%), VA (14.29%), Cash (28.57%), Other (14.29%)

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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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