2115 S Broden ST Active Save Request In-Person Tour Request Virtual Tour
Anaheim,CA 92802
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Holiday Harbor Iii Hoa
MLS Listing ID PW25199885
HOA Fees $735/mo
Year Built 1964
Annual Tax Amount $5,788
Tax Year 2024
Lot Size 3,476 Sqft
Property Sub-Type Triplex
Property Description
2115 Broden St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. ------MANAGEMENT RESPONSIBILITIES-----The owner's management responsibilities are minimized because the Homeowners Association manages and pays for all the following: insurance, daily grounds clean-up and inspections, landscaping, patrol service, pool service, laundry room, roofs, building painting/repairs, gates, fences, walkways, utilities (including water), and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $735 per month. Owners of most other 3-unit buildings would have to pay much more for all those expenses. The major responsibility of the owner of this building is to collect rents. All current tenants use electronic rent payments, are never late, and, therefore, this property is ideal for someone who wants income, growth with inflation protection, and minimum time expenditure. ----GREAT INVESTMENT POTENTIAL------This location of this building ensures continued growth in value. It is one short block east of Harbor Blvd about one-half mile south of Disneyland. Within a ten-minute walk there are many major hotels, restaurants, and businesses that offer employment for residents. Proximity to employment opportunities also means increasing demand for rentals, higher rents, fewer vacancies, which results in increasing property values. Other similar 3-unit rental properties are often in areas that have stable, not increasing, demand and consequently, limited upside potential.-----GREAT CASH FLOW ------This property's Net Operating Income for the next 12 months will be about $77,000, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $77,000 the CAP rate is 5.7 %. Other similar 3-unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not “Pro Forma” income) and realistic comprehensive expenses.
Located close to Anaheim Convention center, Disneyland, Major hotels & restaurants, Angel Stadium, and UCI Medical Center. Just east of Harbor Blvd south of Orangewood. Owner also has another triplex and fourplex available for sale in the same complex. (Total of 10 units).
Location
State CA
County Orange
Area 78 - Anaheim East Of Harbor
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type Living Room,Masonry,Wood Burning
Laundry Washer Hookup,Electric Dryer Hookup,Inside,Laundry Room
Exterior
Parking Features Assigned,Garage,Garage Door Opener,On Street
Garage Spaces 4.0
Garage Description 4.0
Fence Wood,Wrought Iron
Pool Fenced,Gunite,In Ground,Association
Community Features Curbs,Street Lights,Suburban,Sidewalks,Gated
Utilities Available Electricity Available,Sewer Connected,Water Connected
Amenities Available Insurance,Maintenance Front Yard,Picnic Area,Pool,Trash,Water
View Y/N No
View None
Roof Type Composition
Building
Lot Description Sprinklers In Front,Near Public Transit,Sprinkler System,Street Level
Story 1
Foundation Slab
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Submit
Listing Terms Cash,Cash to New Loan,Submit
Special Listing Condition Standard,Trust