927 S Bruce Street, Anaheim, CA 92804
Property
Sold November 2024
Listing Agent: James Wardlaw (DRE #02061381) · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Gary Tolfa · Triqor Group · MLS #PW24188324 · Source: CRMLS
About this property
We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Don’t miss out on this outstanding investment opportunity!
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history