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Sold for $500,000 · Jul 2020

SOLD

Listed at $499,999

Sold

1381 S Walnut Street 2808, Anaheim, CA 92802

Anaheim, CA

MLS# OC20108718

988 Sq Ft • Condo2bd • 3ba
7 days on market

Listing Agent

Casey Kirkland

Listing Agent

Anderson Ballard Companies

DRE #: 02080950

Brokerage: Anderson Ballard Companies

Property Details

2

Bedrooms

3

Bathrooms

988 sqft

Square Feet

1974

Year Built

N/A

Lot Size

$506

Price/Sq Ft

1

Garage Spaces

$370/mo

HOA

Condo

Property Type

Description

Take advantage of this rare income producing property right next to Disneyland! This condo is currently operating as a fully licensed, short-term rental property approved by the city of Anaheim, the HOA and CC&Rs. It is 1 of 277 permitted short term rental properties in the entire city of Anaheim. The city of Anaheim no longer issues new short term rental permits. The property boasts updated bathrooms and flooring. All furniture, fixtures, appliances and future reservations on VRBO are included in the sale. The property includes a single car detached garage and assigned parking space. You also have access to a playground and two swimming pools. Over the past 3 years the property has an average occupancy rate of 85%. Over the past 36 months, it's averaged $4,700/month in gross income. With the low interest rates that are currently available and the buyer managing the property, the Cap Rate could easily approach 10% on this investment.

Listing description from the July 2020 sale, as reported to CRMLS.

Facts & Features

Details

Stories
2
Cooling
CentralAir, Electric, HighEfficiency
Heating
Central, NaturalGas

Sale history for 1381 S Walnut Street 2808

2 recorded sales

$500,000
Sold July 2020 · listed $499,999, on market June 2020, 7 days on market · MLS #OC20108718 · Source: CRMLS
Listing Agent: Casey Kirkland · Listing Office: Anderson Ballard Companies · Contact: 949-606-2779 · Bought with: Linda Tessitore · Redfin
$475,000
Sold March 2016 · listed $495,000, on market February 2016, 42 days on market · MLS #IV16023916 · Source: CRMLS
Listing Agent: LISA RICE · Listing Office: ACTIVE REALTY · Contact: 951-281-2900 · Bought with: Justin Tye · Active Realty

How this sale compares

1381 S Walnut Street 2808 sold for $500,000 in July 2020, 0.0% over its $499,999 list price, after 7 days on the market. That works out to $506 per square foot on 988 square feet. Across 67 closed sales in 92802 over the last 12 months, the median sold price is $957,000 and the median is $576 per square foot, 14% above this sale's $506.

$506
This sale, per sq ft
$576
92802 median per sq ft (12 mo)
$957,000
92802 median sold price (12 mo)
67
Closed sales in 92802 (12 mo)
7
Days on market
+0.0%
Sold vs. list price
QuarterClosed sales in 92802Median sold price
Q1 20266$1,331,500
Q2 202628$953,500
Q3 202628$915,000
Q4 20265$717,888

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Anaheim · Homes for sale in 92802

Recent sales near 1381 S Walnut Street 2808

Closed sales reported in 92802, nearest first, last 12 months. All recent sales in Anaheim →

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