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924 S Arden Pl, Anaheim, CA 92802
$2,640,000
924 S Arden Pl, Anaheim, CA 92802View this property at 924 S Arden Pl, Anaheim, CA 92802
924 S Arden PlAnaheimCA92802
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Property Description
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.
Full Property Details
Full Property Details for 924 S Arden Pl
General
- Sold For: $2,640,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-323265
- Added to Site: 216 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 12
Additional Information
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 12
- Garage Description: Garage Is Detached
Location
- Area: Anaheim West of Harbor
- County: Orange
- Driving Directions: See Google Maps
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 8,636
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1960
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 10
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.3
- Lot Size: 13068
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 70 x 187
Financial Considerations
- Price Per Sq. Ft.: $324.22
- Assessment Year: 1960
Disclosures and Reports
- Disclosures/Reports: None
- APN: 250-151-23
Listed by Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati
Sold by GoGo Realtors R.H. Corp, Ryan Zhou
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Schools
Schools serving 924 S Arden Pl
School Districts:Anaheim Elementary School District, Anaheim Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
535 S Walnut St, Anaheim, CA 92802 | K-6 | 0.7 mi | |
1500 W Ball Rd, Anaheim, CA 92802 | 7-8 | 0.3 mi | |
1765 W Cerritos Ave, Anaheim, CA 92804 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 924 S Arden Pl
Date
Details
Price
Change
Source
1/24/2024
Sold
$2,640,000
-5.71%
MLS
10/19/2023
Listed
$2,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
924 S Arden Pl, Anaheim, CA 92802 (MLS# 23-323265) is a Multi-Family property that was sold at $2,640,000 on January 24, 2024. Want to learn more about 924 S Arden Pl? Do you have questions about finding other Multi-Family real estate for sale in Anaheim? You can browse all Anaheim real estate or contact a Coldwell Banker agent to request more information.