802 W Water Street, Anaheim, CA 92805

About this property

This property is an operating Disneyland Vacation Rental with a finalized Short-Term Rental permit from the City of Anaheim. There are 4 bedrooms, 2 bathrooms and a fully equipped Kitchen, so your guests can cook meals for the group. It is 1.5 miles from Disneyland and the Anaheim Convention Center (6-minutes by car or Uber). The kitchen includes all stainless steel appliances and granite counter tops. The large dining room table comfortably seats 8 or your guests can enjoy a meal on the covered patio. This property is located on a corner lot with a large shade tree and has a 5-year operating history. With a ban on all NEW Anaheim short-term rentals, this is a great opportunity to get into the STR business with limited competition. The projected CAP Rate, with a 25% Professional Management Fee included, is 5.4%, based on a 57% Occupancy Rate. If the property is managed by the owner, the projected CAP Rate is 7.4%, base on a 57% Occupancy Rate. There is tons of upside potential with this property, as the CAP Rate could exceed 11%, with an Occupancy Rate of 80%.

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

Sale history

$773,000

Sold January 2020 · on market November 2019 · MLS #OC19262078 · Source: CRMLS

Listing Agent: Keith Powers · Listing Office: Alta Realty Group CA, Inc · Contact: 888-504-5327 · Bought with: Keith Powers · Alta Realty Group CA, Inc

$510,000

Sold January 2015 · listed $539,900, on market October 2014 · MLS #RS14233535 · Source: CRMLS

Listing Agent: Manzar Meisami · Listing Office: Re/Max Of Cerritos · Contact: 562-802-5822 · Bought with: Manzar Meisami · Re/Max Of Cerritos

$385,000

Sold May 2014 · listed $399,900, on market April 2014 · MLS #PV14085589 · Source: CRMLS

Listing Agent: Jonathan Rodriguez · Listing Office: RE/MAX Estate Properties · Contact: 310-544-9999 · Bought with: Manzar Meisami · Re/Max Of Cerritos

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