33.798183 -117.902596

324 E Leatrice Lane Anaheim, CA 92802

252052763 33.798183 -117.902596 124 False 0 3395000.0 105 OC19233101 False
  • $3,395,000
  • 11,014 lot
  • Est payment $18225.09/mo

Property & Neighborhood Info

Courtesy Of Greg Bassirpou, Marcus & Millichap RE Invest

Multi-Family in Anaheim

The Leatrice Lane Apartments is an eight-unit apartment building located in the highly desirable rental market of Anaheim, California within the Greater Orange County area. The property offers an attractive unit mix consisting of (2) four bedroom/ two bathroom units, (3) three bedroom/ two bathroom units, (1) three bedroom/ one bathroom unit, and (2) two bedroom/ one bathroom units totaling 9,036 square feet, situated on an 11,014 square foot lot.The property has gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to: new kitchens, stainless steel appliances, backsplashes, quartz countertops, new bathrooms, and new flooring. Common area amenities include: fresh landscaping, enclosed garages, and on-site laundry room.This offering represents a rare opportunity for an investor to acquire a turnkey, low expense, stable investment in the desirable rental market of Anaheim at a 5.9% CAP Rate and 13% Total Return on current income. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

Courtesy Of Greg Bassirpou, Marcus & Millichap RE Invest
  1. 11,014 Lot

Main Features

  • Listing Status: Contract Pending
  • Year Built: 1963
  • Garage: 8.0
  • Floors: 2
  • County: Orange County
  • Units: 8
  • Subdivision: Other (Othr)
  • MLS Number:OC19233101

Additional Features

  • Laundry:
    • Community
  • Common Walls:
    • No Common Walls
  • Levels:
    • Two
  • Water Source:
    • Public
  • Year Built Source:
    • Public Records
  • Lot Features:
    • Landscaped
    • Near Public Transit
  • Pool Features:
    • None
  • Parking Spaces:
    • 16.00
  • Sewer:
    • Public Sewer
  • Community Features:
    • Curbs
    • Sidewalks
    • Storm Drains
    • Street Lights
  • Number of Buildings:
    • 1
  • Gross Income:
    • 263400.00
  • Net Operating Income:
    • 200330.00
  • CDOM:
    • 14
  • Special Conditions:
    • Standard
  • Insurance Expense:
    • 3774.00
  • Listing Key:
    • 363515803
  • Lot Size Acres:
    • 0.2528
  • Lot Size Square Feet:
    • 11014.00
  • Operating Expense:
    • 55168.00
  • Price Per SQFT:
    • 375.72
  • Tax ID:
    • 13733902
  • Total Expenses:
    • 55168.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Jeff Alan Farr
Jeff Alan Farr
Principal Broker
2914 E. Katella Ave #200 Orange CA 92867
Request More Info
33.798183 -117.902596

324 E Leatrice Lane Anaheim, CA 92802

252052763 33.798183 -117.902596 124 False 0 3395000.0 105 OC19233101 False
  • $3,395,000
  • 11,014 lot
  • Est payment $18225.09/mo