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407 N Bush St, Anaheim, CA 92805
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407 N Bush St Anaheim, CA 92805

$4,300,000 Sold Price as of 11/06/2020
  • 32 Beds
  • 16 Baths
  • 12,847 Sq.Ft.
Sold
$4,300,000 Sold Price as of 11/06/2020 Refinance Your Mortgage
Map preview of 407 N Bush St, Anaheim, CA 92805

Property Overview: 407 N Bush St Anaheim, CA has 32 bedrooms, 16 bathrooms, 12,847 living square feet and 21,671 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present the opportunity to acquire El Oasis Apartments on Bush Street, a 16-unit apartment complex located in Anaheim. Built in 1962, the property consists of two adjacent parcels consisting of 8 units each. Each parcel offers 2 bedroom units. In addition, the property offers 20 garage parking spaces, plenty of open parking and a nice a courtyard. The El Oasis Apartments on Bush Street offers an opportunity to purchase a well-maintained property with over 25% rental upside and over a 5.3% market cap.

Listed by Gary Tolfa | BRE #00955403 | Triqor Group
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
21,671
HOA Dues
$0/mo
Year built
1962
Garage
20 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20206681
City
Anaheim
County
Orange
Time on Site
1327 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 20
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,389
  • Total Rent: $22,225
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.8%
  • Gross Rent Multiplier: 16.39
  • Gross Scheduled Income: $271,500
  • Net Operating Income: $167,518
  • Gross Operating Income: $263,355
  • Vacancy Allowance: $8,145
Annual Expense Breakdown
  • Total Operating Expense: $95,837
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 407 N Bush St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 20
  • # of Parking Spaces: 34
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Parcel Number: 03522217
  • Year Built Source: Public Records
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please Contact Listing Agent For All Directions
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Anaheim Agent

Sale History for 407 N Bush St

Last sold for $4,300,000 on November 6th, 2020

  • November, 2020

  • Nov 6, 2020

    Date

    Sold

    CRMLS: PW20206681

    $4,300,000

    Price

  • Oct 2, 2020

    Date

    Active

    CRMLS: PW20206681

    $4,450,000

    Price

Tax History for 407 N Bush St

Assessed Value (2020): $724,584
Year Land Value Improved Value Assessed Value
2020 $492,717 $231,867 $724,584

Home Value Compared to the Market

This property vs the competition

407 N Bush St sold on November 6, 2020 for 405.68% 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 $346.38 per/sqft which puts the price per square foot 36.09% lower than the current median sale per square foot for the city of Anaheim.

About 407 N Bush St

Detailed summary of property

407 N Bush St is a multi family that recently sold in Anaheim, CA 92805. This multi family property offered 32 bedrooms, 16 bathrooms, roughly 12,847 living square feet, and sits on an approximately 21,671 square foot lot. 407 N Bush St was first listed on ArdentRealEstateGroup.com on October 2, 2020. The homeowner sold the property for $4,300,000. 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 405.68% higher than the current median priced home. Local homes that are currently for sale include 507 29th St, 1133 1133 West Balboa Blvd and 916 W Balboa Blvd. While the average home in Anaheim, CA is selling in 41 days, 407 N Bush St has a days on market of 12 days. There are currently 255 homes for sale in the Anaheim real estate market and 148 of them are single family homes while 77 of them are condos and 30 are townhomes. For more information on this home for sale at 407 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 407 N Bush St

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
6,422
Lot Size
10,696
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
29
APN
035-222-17

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
$808,000
Median List Price/Sq.Ft.
$581
Median Sold Price
$895,000
Median Sold Price/Sq.Ft.
$540
Total Inventory
65
Median Sale to List Price %
102.99%
Avg Days on Market
21
Loan Type
Conventional (52%), FHA (4%), VA (4%), Cash (16%), Other (24%)

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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