9942 Broadway

Anaheim, CA 92804

Sold Price

$2,950,000

List Price

$3,190,000

Closing Date

May 03, 2019

Status

CLOSED

MLS#

PW19055490

Year Built

1922

Living Sq. Ft

7,780

Lot Size

8,249

Acres

0.1894

Lot Location

16-20 Units/Acre

Days on Market

34

Property Type

Multifamily

Property Description

This 16-unit + 1 non-conforming unit apartment community presents a rare opportunity to acquire a late 80’s constructed building for just over $185,000/unit. This property is ideal for an investor to make minimal improvements and raisethe rents to market. In addition, the property has been very well-maintained and offers a laundry facility and gated parking garage. The building has a fully integrated sprinkler system and is master metered so initiating a RUBS program would provide extra income potential. An investor can anticipate achieving above a 5.5% cap on market and will have the opportunity to recover expenses by enrolling in the RUBS program.

The Sunny Days Apartments are located in Anaheim, CA about 1-mile southwest of the I-5 Freeway. This property is conveniently located in a very accessible location and just miles away from some of Orange County’s most visited locations such as Angel Stadium, The Honda Center, Disneyland, and the Anaheim Regional Transportation Intermodal Center. The apartments are in one of Orange County’s main entertainment hubs, one of the best voted places to live, and in one of the hottest rental markets in Orange County. Dont miss this opportunity to own an investment property in Anaheim, CA.

Additional Information

Tract Number

087101

Lot Description

Suburban

Pool Description

None

Garage Spaces Total

18

Sewer

Public Sewer

Water

Public

Attached Structure

Attached

Total Number of Units

17

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(949) 533-1572

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Listing courtesy of Gary Tolfa from Triqor Group

Listing sold by Adam Cutrell from Strategic Realty, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.