924 S Arden Place, Anaheim, CA 92802

About this property

We are pleased to offer the opportunity to acquire 924 South Arden Place, a 10-unit apartment building nestled in the heart of Anaheim. Constructed in 1960, this 8,640 SqFt building sits on a large corner lot featuring a great unit mix of eight (8) one-bedroom/one-bathroom units, and two (2) two-bedroom/two-bathroom units which caters to a diverse tenant base. One of its standout features is the abundance of on-site parking which includes six (6) double-car garages situated at the rear of the building, and featuring an on-site laundry facility for additional income and convenience. This is an incredible opportunity for an investor to capitalize on the 30% rental upside potential by executing a strategic renovation plan to substantially boost net income. With this rare buying opportunity, an investor will enjoy a healthy rental income year 1, the ability to capture the significant upside potential, and take advantage of the fundamentals fueling the rental neighborhood of Anaheim for years to come.

Listing description from the January 2024 sale, as reported to CRMLS.

Sale history

$2,640,000

Sold January 2024 · listed $2,800,000, on market October 2023 · MLS #23323265 · Source: CRMLS

Listing Agent: Kamfar Kyle Mirrafati · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Ryan Zhou · GoGo Realtors R.H. Corp

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