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624 W Provential Dr, Anaheim, CA 92805
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624 W Provential Dr Anaheim, CA 92805

$1,115,000 Sold Price as of 10/30/2019
  • 8 Beds
  • 7 Baths
  • 3,882 Sq.Ft.
Sold
$1,115,000 Sold Price as of 10/30/2019 Refinance Your Mortgage
Map preview of 624 W Provential Dr, Anaheim, CA 92805

Property Overview: 624 W Provential Dr Anaheim, CA has 8 bedrooms, 7 bathrooms, 3,882 living square feet and 9,148 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent Investment Opportunity at a 4.7 CAP!! PLUS Huge potential upside cash cow with this Disneyland close 4 plex! All units have private patios and garage, street parking as well! Excellent tenants for years and seldom does a vacancy occur in this area. Low maintenance and Well maintained 4 - plex in the heart of Anaheim! Excellent mix of units all with 2 BR's and one with 1 bath and the other three are 2 BR's with 1.5 BA's. All new garage door and metal screens installed, nice community grass area and potential for washer/dryer income. There is a great opportunity to increase rents to market value and increase return on investment! Building is conveniently located very close to I-5 Freeway, 57 Freeway and 91 Freeways, minutes away from Disneyland, restaurants, job centers, retail, schools, Anaheim stadium, downtown, Honda Center and meat packing district. Separate utility meters on each unit! Current market rents are $70,200/year & CAP 4.7%, GRM 16.0, Great upside potential for double digit ROI!!

Listed by Doug Merlino | BRE #01333796 | Beach Pointe Properties Inc
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
9,148
HOA Dues
$0/mo
Year built
1961
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC19234954
City
Anaheim
County
Orange
Time on Site
1396 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: 4
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,350
  • Total Rent: $4,350
  • Pro Forma/Market Rent: $4,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $5,850
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 16.45
  • Gross Scheduled Income: $70,200
  • Net Operating Income: $52,646
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,554
  • Electric: $1,649
  • Gas/Fuel: $0
  • New Taxes: $12,705
  • Trash: $400
  • Insurance: $1,300
  • Water/Sewer: $1,500

Property Details for 624 W Provential Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community, See Remarks
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Parking Features: Garage, Parking Space, Public, Street
Lot Information
  • Lot Features: Cul-De-Sac, Front Yard, Landscaped, Lawn, Rectangular Lot, Sprinkler System, Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 03618324
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Provential
  • Directions: W/Harbor N/Vermont W/South and E/5 Freeway
  • Road Frontage Type: Alley, City Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Anaheim Agent

Sale History for 624 W Provential Dr

Last sold for $1,115,000 on October 30th, 2019

  • October, 2019

  • Oct 31, 2019

    Date

    Sold

    CRMLS: OC19234954

    $1,115,000

    Price

  • Oct 24, 2019

    Date

    Pending

    CRMLS: OC19234954

    $1,150,000

    Price

  • Oct 4, 2019

    Date

    Active

    CRMLS: OC19234954

    $1,150,000

    Price

  • October, 2019

  • Oct 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,115,000

    Price

  • June, 2019

  • Jun 1, 2019

    Date

    Expired

    CRMLS: OC18127347

    $1,155,000

    Price

  • Mar 30, 2019

    Date

    Withdrawn

    CRMLS: OC18127347

    $1,155,000

    Price

  • Mar 18, 2019

    Date

    Hold

    CRMLS: OC18127347

    $1,155,000

    Price

  • Sep 7, 2018

    Date

    Price Change

    CRMLS: OC18127347

    $1,155,000

    Price

  • Jul 19, 2018

    Date

    Active

    CRMLS: OC18127347

    $1,195,000

    Price

  • Jul 13, 2018

    Date

    Hold

    CRMLS: OC18127347

    $1,195,000

    Price

  • Jun 1, 2018

    Date

    Active

    CRMLS: OC18127347

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Investment Opportunity!! Huge potential upside cash cow with this 4 plex! All units have private patios and garage, street parking as well! Excellent tenants for years and seldom does a vacancy occur in this area. Low maintenance and Well maintained 4 - plex in the heart of Anaheim! Excellent mix of units all with 2 BR's and one with 1 bath and the other three with 1.5 BA's. There is a great opportunity to increase rents to market value and increase return on investment! Building is conveniently located very close to I-5 Freeway, 57 Freeway and 91 Freeways, and minutes away from Disneyland, Anaheim stadium, downtown, Honda Center and meat packing district. GRM and Cap Rate is based on actual numbers and not proforma!!!! You won't find a better opportunity than this one. Separate utility meters on each unit! Once new owner gets current market rents, income will be $72,000/year & CAP 4.5%, GRM 16.0, Great upside potential for double digit ROI!!

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Tax History for 624 W Provential Dr

Assessed Value (2020): $252,762
Year Land Value Improved Value Assessed Value
2020 $146,602 $106,160 $252,762

Home Value Compared to the Market

This property vs the competition

624 W Provential Dr sold on October 30, 2019 for 30.68% 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 $296.24 per/sqft which puts the price per square foot 45.34% lower than the current median sale per square foot for the city of Anaheim.

About 624 W Provential Dr

Detailed summary of property

624 W Provential Dr is a fourplex that recently sold in Anaheim, CA 92805. This fourplex offered 8 bedrooms, 7 bathrooms, roughly 3,882 living square feet, and sits on an approximately 9,148 square foot lot. 624 W Provential Dr was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,115,000. 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 30.68% higher than the current median priced home. Local homes that are currently for sale include 12102 Colima Rd, 13931 Leffingwell Rd and 13976 Coteau Dr. While the average home in Anaheim, CA is selling in 40 days, 624 W Provential Dr has a days on market of 19 days. There are currently 258 homes for sale in the Anaheim real estate market and 151 of them are single family homes while 78 of them are condos and 29 are townhomes. For more information on this home for sale at 624 W Provential Dr Anaheim, CA 92805 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 624 W Provential Dr

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
3,883
Lot Size
9,004
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
13
APN
036-183-24

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
$825,000
Median List Price/Sq.Ft.
$575
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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Recently Sold Homes Near 624 W Provential Dr

618 W Provential Dr, Anaheim, CA 92805
$1,160,000 Last Sold Price
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618 W Provential Dr
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625 W Bellevue Dr, Anaheim, CA 92805
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625 W Bellevue Dr
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705 W Provential Dr, Anaheim, CA 92805
$1,725,000 Last Sold Price
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705 W Provential Dr
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711 W Provential Dr, Anaheim, CA 92805
$1,405,000 Last Sold Price
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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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