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302 N Bush St, Anaheim, CA 92805
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302 N Bush St Anaheim, CA 92805

$1,995,000
  • 8 Beds
  • 8 Baths
  • 4,053 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 302 N Bush St, Anaheim, CA 92805

Property Overview: 302 N Bush St Anaheim, CA has 8 bedrooms, 8 bathrooms, 4,053 living square feet and 7,019 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: Pleased to offer 302 N Bush Street, an 8-unit investment opportunity located in Anaheim. This property consists exclusively of one bedroom/one bathroom units. Residents enjoy amenities such as security screen doors, carports and onsite parking. This property has been professionally managed and well maintained throughout the years and, just recently, current ownership installed all new electrical panels throughout the property. All the units are individually metered for electricity and gas, and the tenants pay their own trash. Highlighting this asset's potential, there is approximately 27% upside in rental income making this an attractive acquisition for investors seeking to capitalize on an asset with phenomenal growth potential and exceptional future cash-on-cash returns.

Listed by Paul Espinosa | BRE #01942627 | Morgan Skenderian
Co-listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Last checked: 12 minutes ago | Last updated: September 13th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
7,019
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Apartment
Status
Active
MLS#
PW24190050
City
Anaheim
County
Orange
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,343
  • Total Rent: $1,343
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,343
  • Total Rent: $1,343
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,536
  • Total Rent: $1,536
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,785
  • Total Rent: $1,785
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,356
  • Total Rent: $1,356
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,536
  • Total Rent: $1,536
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,312
  • Total Rent: $1,312
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 13.92
  • Gross Scheduled Income: $143,276
  • Net Operating Income: $97,700
  • Gross Operating Income: $138,977
  • Vacancy Allowance: $4,298
Annual Expense Breakdown
  • Total Operating Expense: $41,277
  • Electric: $0
  • Licenses: $1,000
  • New Taxes: $23,976
  • Trash: $0
  • Gardener: $3,229
  • Insurance: $3,445
  • Maintenance: $5,559
  • Professional Management: $0
  • Water/Sewer: $2,679
  • Other Expenses: $1,390
  • Other Expense Description: Reserves

Open Houses for 302 N Bush St

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Property Details for 302 N Bush St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Multi-Level Bedroom
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Detached Carport, Uncovered
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 03522301
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Not Defined
  • Directions: West of East Street and North of Lincoln Ave.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Anaheim Agent

Sale History for 302 N Bush St

Last sold on August 9th, 1974

  • September, 2024

  • Sep 12, 2024

    Date

    Active

    CRMLS: PW24190050

    $1,995,000

    Price

  • August, 1974

  • Aug 9, 1974

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 302 N Bush St

Assessed Value (2020): $116,615
Year Land Value Improved Value Assessed Value
2020 $38,483 $78,132 $116,615

Home Value Compared to the Market

This property vs the competition

302 N Bush St is listed 126.7% higher than the median list price for the city of Anaheim which has a median list price of $880,000. The median price per/sqft for Anaheim is $576 and this home is listed at $492.23 per/sqft which puts the price per square foot 14.54% lower than the median price per square foot for the city of Anaheim.

About 302 N Bush St

Detailed summary of property

302 N Bush St is a apartment located in Anaheim, CA 92805 and is currently for sale. This apartment offers 8 bedrooms, 8 bathrooms, roughly 4,053 living square feet, and sits on an approximately 7,019 square foot lot. 302 N Bush St was first listed on ArdentRealEstateGroup.com on September 12, 2024. The homeowner is currently asking $1,995,000. The median priced home in Anaheim is $880,000 with a median price per square foot of $576. Based on Ardent Real Estate Group's Anaheim Market Data, this home is listed 126.7% higher than the median priced home. Local competing homes currently for sale include 2115 E Almont Ave, 2121 E Almont Ave and 1000 E Commonwealth Ave. While the average home in Anaheim, CA is selling in 50 days, 302 N Bush St has a days on market of 6 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 302 N Bush St Anaheim, CA 92805 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 302 N Bush St

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
4,053
Lot Size
7,774
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
37
APN
035-223-01

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
$813,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$862,000
Median Sold Price/Sq.Ft.
$556
Total Inventory
72
Median Sale to List Price %
101.53%
Avg Days on Market
28
Loan Type
Conventional (70.83%), FHA (0%), VA (4.17%), Cash (12.5%), Other (12.5%)

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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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