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227 S Canoga Pl, Anaheim, CA 92804
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227 S Canoga Pl Anaheim, CA 92804

$5,350,000 Sold Price as of 10/29/2019
  • 24 Beds
  • 24 Baths
  • 16,694 Sq.Ft.
Sold
$5,350,000 Sold Price as of 10/29/2019 Refinance Your Mortgage
Map preview of 227 S Canoga Pl, Anaheim, CA 92804

Property Overview: 227 S Canoga Pl Anaheim, CA has 24 bedrooms, 24 bathrooms, 16,694 living square feet and 31,950 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Cypress Meadows Apartment Homes is a well maintained 22-unit apartment community located in the strong rental market of Anaheim, California within the Greater Orange County area. Situated on a 31,950 square foot lot the property consists of (20) very large one bedroom/ one bathroom units and (2) two bedroom/ two bathroom units totaling approximately 16,694 square feet. All units are separately metered for gas and electricity. Tenants enjoy amenities such as: ample on-site parking (including 29 enclosed garages and spaces), on-site, building owned laundry facility, community pool, BBQ/picnic area, gated/secured apartment community and yards/patios. Residents also enjoy easy access to freeways, major retail, job centers and schools. This offering presents an opportunity for an investor to acquire a very well-maintained stable asset in the desirable rental market of Anaheim. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate. Given the strength of the apartment fundamentals in this sub-market, the subject property is well positioned to capture this market’s continued growth.

Listed by Greg Bassirpou | BRE #01365951 | Marcus & Millichap RE Invest
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
31,950
HOA Dues
$0/mo
Year built
1963
Garage
29 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19117626
City
Anaheim
County
Orange
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 22
  • Total # of Buildings: 1
  • # of Electric Meters: 22
  • # of Gas Meters: 22
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $28,250
  • Total Rent: $28,250
  • Pro Forma/Market Rent: $31,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,175
  • Total Rent: $3,175
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $377,100
  • Net Operating Income: $259,280
  • Gross Operating Income: --
  • Vacancy Allowance: $7,806
  • Other Income 1: $13,200
Annual Expense Breakdown
  • Total Operating Expense: $123,214
  • Electric: $6,000
  • Gas/Fuel: $6,000
  • New Taxes: $59,400
  • Trash: $6,000
  • Insurance: $5,614
  • Professional Management: $11,000
  • Water/Sewer: $6,000

Property Details for 227 S Canoga Pl

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 29
  • # of Parking Spaces: 29
Lot Information
  • Lot Features: Landscaped, Near Public Transit
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 22
  • Parcel Number: 13533117
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please do not disturb tenants. Make all offers subject to inspection.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Anaheim Agent

Sale History for 227 S Canoga Pl

Last sold for $5,350,000 on October 29th, 2019

  • October, 2019

  • Oct 30, 2019

    Date

    Sold

    CRMLS: OC19117626

    $5,350,000

    Price

  • Aug 6, 2019

    Date

    Pending

    CRMLS: OC19117626

    $5,400,000

    Price

  • May 20, 2019

    Date

    Active

    CRMLS: OC19117626

    $5,400,000

    Price

  • October, 2019

  • Oct 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $5,350,000

    Price

  • February, 2019

  • Feb 6, 2019

    Date

    Canceled

    CRMLS: OC18284818

    $5,395,000

    Price

  • Jan 30, 2019

    Date

    Price Change

    CRMLS: OC18284818

    $5,395,000

    Price

  • Dec 4, 2018

    Date

    Active

    CRMLS: OC18284818

    $5,450,000

    Price

  • Listing provided courtesy of CRMLS

    The Cypress Meadows Apartment Homes is a well maintained 22-unit apartment community located in the strong rental market of Anaheim, California within the Greater Orange County area. Situated on a 31,950 square foot lot the property consists of (20) very large one bedroom/ one bathroom units and (2) two bedroom/ two bathroom units totaling approximately 16,694 square feet. All units are separately metered for gas and electricity. Tenants enjoy amenities such as: ample on-site parking (including 29 enclosed garages and spaces), on-site, building owned laundry facility, community pool, BBQ/picnic area, gated/secured apartment community and yards/patios. Residents also enjoy easy access to freeways, major retail, job centers and schools. This offering presents an opportunity for an investor to acquire a very well-maintained stable asset in the desirable rental market of Anaheim. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate. Given the strength of the apartment fundamentals in this submarket, the subject property is well positioned to capture this market’s continued growth.

  • December, 2017

  • Dec 6, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 227 S Canoga Pl

Assessed Value (2020): $4,871,642
Year Land Value Improved Value Assessed Value
2020 $3,264,000 $1,607,642 $4,871,642

Home Value Compared to the Market

This property vs the competition

227 S Canoga Pl sold on October 29, 2019 for 524.28% 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 $323.47 per/sqft which puts the price per square foot 44.89% lower than the current median sale per square foot for the city of Anaheim.

About 227 S Canoga Pl

Detailed summary of property

227 S Canoga Pl is a multi family that recently sold in Anaheim, CA 92804. This multi family property offered 24 bedrooms, 24 bathrooms, roughly 16,694 living square feet, and sits on an approximately 31,950 square foot lot. 227 S Canoga Pl was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $5,350,000. 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 524.28% higher than the current median priced home. Local homes that are currently for sale include 1811 W Bay Ave, 1811 W Bay Ave and 1809 W Bay Ave. While the average home in Anaheim, CA is selling in 50 days, 227 S Canoga Pl has a days on market of 77 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 227 S Canoga Pl Anaheim, CA 92804 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 227 S Canoga Pl

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
16,698
Lot Size
31,018
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
6
APN
135-331-17

The source for these homes facts are from public records.

92804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$889,000
Median List Price/Sq.Ft.
$591
Median Sold Price
$890,000
Median Sold Price/Sq.Ft.
$631
Total Inventory
86
Median Sale to List Price %
104.71%
Avg Days on Market
20
Loan Type
Conventional (65.52%), FHA (0%), VA (3.45%), Cash (13.79%), Other (17.24%)

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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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