928 S Fann St, Anaheim, CA 92804
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928 S Fann St Anaheim, CA 92804

$1,920,000 Sold Price as of 08/31/2020
  • 10 Beds
  • 7 Baths
  • 4,581 Sq.Ft.
Sold
$1,920,000 Sold Price as of 08/31/2020 Refinance Your Mortgage

Map preview of 928 S Fann St, Anaheim, CA 92804

Property Overview: 928 S Fann St Anaheim, CA has 10 bedrooms, 7 bathrooms, 4,581 living square feet and 6,359 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Casa Paloma Apartments are a pride of ownership property nestled in the city of Anaheim. The subject property is comprised of an attractive unit mix of (4) 1 bedrooms and 1 bath and (3) 2 bedrooms and 1 bath. The building boasts very low owner expenses due to separately metered gas and electric and tenants paying for trash. In addition, approximately $250 per month of extra income flows through the convenient on-site laundry facility. These spacious units have undergone many excellent upgrades and capital improvements inclusive of a new roof (2014) with new turbines and fan ventilators, new rain gutters, some newer windows, newer rolled up garage doors, and more. 4.56 Cap on Actual rents and current management set up, a new investor could achieve a 5 CAP in year one with savvy self-owner management. The Casa Paloma Apartments are ideally located close to many attractions, amenities, and transportation. Located in an excellent rental neighborhood with low vacancy rate, the building sits within a 4-mile radius of Disneyland Parks, Knott's Berry Farm, shopping centers, Angel Stadium, Amtrak, job employment centers, and more. It also provides easy accessibility to Anaheim transportation systems, local schools, and nearby freeways.

Listed by Brad New | BRE #01347742 | Vanguard Property Group
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
6,359
HOA Dues
$0/mo
Year built
1960
Garage
7 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20028422
City
Anaheim
County
Orange
Time on Site
1548 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # 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: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,025
  • Total Rent: $1,025
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.56%
  • Gross Rent Multiplier: 14.8
  • Gross Scheduled Income: $129,300
  • Net Operating Income: $87,491
  • Gross Operating Income: $125,421
  • Vacancy Allowance: $3,879
  • Laundry Income: $3,000
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $37,930
  • Electric: $3,244
  • Gas/Fuel: $1,851
  • Licenses: $0
  • New Taxes: $21,275
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $960
  • Insurance: $2,000
  • Maintenance: $5,000
  • Professional Management: $3,600
  • Water/Sewer: $0

Property Details for 928 S Fann St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Carpet, Tile, Wood
  • Attic, Family Room
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range, Range Hood
Interior Features
  • Ceiling Fan(s), Granite Counters, Tile Counters
  • Levels: Two
  • Window Features: Insulated Windows, Wood Frames
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Sliding Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Good Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned, Paved, Garage, Garage Faces Rear, Garage - Single Door, Garage - Two Door
Lot Information
  • Lot Features: 6-10 Units/Acre, Corner Lot, Lot 6500-9999, Paved, Sprinkler System, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Natural Gas Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: 123
  • Directions: Near intersection Euclid and Ball Rd
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Sidewalks
View more facts & features

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Sale History for 928 S Fann St

Last sold for $1,920,000 on August 31st, 2020
  • September, 2020

  • Sep 1, 2020

    Date

    Sold

    CRMLS: PW20028422

    $1,920,000

    Price

  • Feb 24, 2020

    Date

    Pending

    CRMLS: PW20028422

    $1,920,000

    Price

  • Feb 13, 2020

    Date

    Active Under Contract

    CRMLS: PW20028422

    $1,920,000

    Price

  • Feb 8, 2020

    Date

    Active

    CRMLS: PW20028422

    $1,920,000

    Price

  • November, 2014

  • Nov 3, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,085,000

    Price

  • April, 2004

  • Apr 13, 2004

    Date

    Sold (Public Records)

    Public Records

    $840,000

    Price

Show More

Tax History for 928 S Fann St

Assessed Value (2020): $1,155,461
Year Land Value Improved Value Assessed Value
2020 $797,268 $358,193 $1,155,461

Home Value Compared to the Market

This property vs the competition

928 S Fann St sold on August 31, 2020 for 121.97% 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 $419.12 per/sqft which puts the price per square foot 28.6% lower than the current median sale per square foot for the city of Anaheim.

About 928 S Fann St

Detailed summary of property

928 S Fann St is a multi family that recently sold in Anaheim, CA 92804. This multi family property offered 10 bedrooms, 7 bathrooms, roughly 4,581 living square feet, and sits on an approximately 6,359 square foot lot. 928 S Fann St was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,920,000. 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 121.97% higher than the current median priced home. Local homes that are currently for sale include 231 S Laxore St, 2942 W Floyd Ave and 10692 Frances. While the average home in Anaheim, CA is selling in 53 days, 928 S Fann St has a days on market of 5 days. There are currently 286 homes for sale in the Anaheim real estate market and 174 of them are single family homes while 82 of them are condos and 30 are townhomes. For more information on this home for sale at 928 S Fann St Anaheim, CA 92804 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 928 S Fann St

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
4,581
Lot Size
6,359
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
25
APN
128-264-07

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
$895,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$890,000
Median Sold Price/Sq.Ft.
$631
Total Inventory
82
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.