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    2182 W Brownwood Avenue

    Anaheim, CA 92801
    • $1,395,000
    • STATUS: Active Under Contract
    • ON SITE: 44 days
    • ID#: PW20255714
    Under Contract
    UPDATED: 42 min ago
    $1,395,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,446
      SQFT
    • $314
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    The Brownwood 4-plex apartments offer an investor a unique opportunity to acquire a cash flow asset in turnkey condition in a historically high occupancy neighborhood of Anaheim. The building features all 2 and 3 bedroom apartments which are all occupied with rent levels near market rent levels. The three 2 bedroom units have been completely remodeled from the kitchens to the bathrooms. The upgrades for each include new double paned vinyl windows, laminated plank flooring throughout, tiled floors in the bathrooms, new wall heaters and wall A/C units, new kitchen cabinets with quartz counter tops, sinks, and appliances along with upgraded electrical panels and circuit breakers. The total cost of the recent improvements is over $240,000 ensuring the next owner should have little to no deferred maintenance issues for the foreseeable future. With a current income just under $8,000 a month, the Brownwood apartments boast a current cap rate approaching 5% which will yield a positive cash flow for any investor operator.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T16:30:06.007. 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 deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/112544343
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    2182 W Brownwood Avenue Anaheim, CA 92801

    • Price: $1,395,000
    • Status: Active Under Contract
    • Updated: 42 min ago
    • ID#: PW20255714
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,446
    SQFT
    $314
    $/SQFT
    1964
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    79 - Anaheim West of Harbor
    Property Description
    The Brownwood 4-plex apartments offer an investor a unique opportunity to acquire a cash flow asset in turnkey condition in a historically high occupancy neighborhood of Anaheim. The building features all 2 and 3 bedroom apartments which are all occupied with rent levels near market rent levels. The three 2 bedroom units have been completely remodeled from the kitchens to the bathrooms. The upgrades for each include new double paned vinyl windows, laminated plank flooring throughout, tiled floors in the bathrooms, new wall heaters and wall A/C units, new kitchen cabinets with quartz counter tops, sinks, and appliances along with upgraded electrical panels and circuit breakers. The total cost of the recent improvements is over $240,000 ensuring the next owner should have little to no deferred maintenance issues for the foreseeable future. With a current income just under $8,000 a month, the Brownwood apartments boast a current cap rate approaching 5% which will yield a positive cash flow for any investor operator.
    Exterior Features

    Carport Spaces 5.00 Construction Materials Stucco Garage Spaces 0.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Detached Carport Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 0.00

    Interior Features

    Appliances Energy Star Qualified AppliancesGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S)Energy Star Qualified Equipment Cooling YN Yes Flooring LaminateTile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Stone Counters Laundry Features Community Levels Two Window Features Double Pane WindowsEnergy Star Qualified Windows

    Property Features

    Additional Parcels YN No Association Amenities Sport Court Association YN Yes Building Area Units Square Feet Community Features Street Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 600.00 Gross Operating Income 92556.00 Gross Scheduled Income 95400.00 Insurance Expense 1556.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 50.00 Laundry YN Yes Net Operating Income 65779.00 New Construction YN No New Taxes Expense 15718.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Wall AC 4 Number With Disposal 4 Number With Range 4 Operating Expense 26777.00 Operating Expense Percent 28.00 Other Expense 1980.00 Other Expense Description Hoa Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Other Tenant Pays Cable TvElectricityGas Total Expenses 26777.00 Trash Expense 1780.00 Utilities Electricity ConnectedNatural Gas Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Arp of Morgan Skenderian and Nick Gould of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T16:30:06.007. 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 deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
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    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037