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420 S Melrose St, Anaheim, CA 92805
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420 S Melrose St Anaheim, CA 92805

$1,599,999
  • 9 Beds
  • 5 Baths
  • 3,660 Sq.Ft.
For Sale
$1,599,999 Get Pre-Qualified
Map preview of 420 S Melrose St, Anaheim, CA 92805

Property Overview: 420 S Melrose St Anaheim, CA has 9 bedrooms, 5 bathrooms, 3,660 living square feet and 6,534 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: Priced under market. Excellent Fourplex in a great CTR City area of Anaheim. Prime unit mix with one 3- bedroom and three 2-bedroom units. Significant upside in rents. No vacancy. Separately metered. 5 garages with plenty of street parking. Laundry room onsite for extra income. Easy to rent, manage, and maintain.

Listed by Chad Williams | BRE #01349225 | Hackett Williams, Broker
Last checked: 1 second ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1964
Garage
5 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24086278
City
Anaheim
County
Orange
Time on Site
20 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # 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: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.18
  • Gross Scheduled Income: $83,400
  • Net Operating Income: $57,949
  • Gross Operating Income: --
  • Laundry Income: $60
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $23,669
  • Electric: $0
  • Gas/Fuel: $0
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $0
  • Water/Sewer: $0

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Property Details for 420 S Melrose St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Den
Interior Features
  • Levels: Two
Exterior Features
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: On Site
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 03711319
  • Year Built Source: Other
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between Broadway and Santa Ana St
Neighborhood Information
  • Community Features: Curbs, Gutters
View more facts & features

Local Anaheim Agent

Sale History for 420 S Melrose St

Last sold for $264,642 on August 4th, 1994

  • April, 2024

  • Apr 30, 2024

    Date

    Active

    CRMLS: PW24086278

    $1,599,999

    Price

  • August, 1994

  • Aug 4, 1994

    Date

    Sold (Public Records)

    Public Records

    $264,642

    Price

  • July, 1994

  • Jul 28, 1994

    Date

    Sold (Public Records)

    Public Records

    $1,000

    Price

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Tax History for 420 S Melrose St

Assessed Value (2020): $244,790
Year Land Value Improved Value Assessed Value
2020 $127,291 $117,499 $244,790

Home Value Compared to the Market

This property vs the competition

420 S Melrose St is listed 88.26% higher than the median list price for the city of Anaheim which has a median list price of $849,900. The median price per/sqft for Anaheim is $572 and this home is listed at $437.16 per/sqft which puts the price per square foot 23.57% lower than the median price per square foot for the city of Anaheim.

About 420 S Melrose St

Detailed summary of property

420 S Melrose St is a fourplex located in Anaheim, CA 92805 and is currently for sale. This fourplex offers 9 bedrooms, 5 bathrooms, roughly 3,660 living square feet, and sits on an approximately 6,534 square foot lot. 420 S Melrose St was first listed on ArdentRealEstateGroup.com on April 30, 2024. The homeowner is currently asking $1,599,999. The median priced home in Anaheim is $849,900 with a median price per square foot of $572. Based on Ardent Real Estate Group's Anaheim Market Data, this home is listed 88.26% higher than the median priced home. Local competing homes currently for sale include 728 W Romneya Dr, 938 S Gilbuck Dr and 1210 S Athena Way. While the average home in Anaheim, CA is selling in 41 days, 420 S Melrose St has a days on market of 16 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 420 S Melrose 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 420 S Melrose St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,660
Lot Size
6,351
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
21
APN
037-113-19

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%)

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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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