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$3,350,000
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Property Description
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!
Full Property Details
Full Property Details for 927 S Bruce St
General
- Sold For: $3,350,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW24188324
- Added to Site: 501 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 16
Location
- Area: 79 - Anaheim West of Harbor
- County: Orange
- Development Name: 79 - Anaheim West of Harbor
- Driving Directions: Driving East on Ball Rd., Turn left onto Roanne St., Right onto Bruce St., Property is on you left.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 14
- # Electric Meters: 14
Structural Information
- Entry Location: /
- Stories/Levels: One
- Stories Description: One
- Square Feet: 7,579
- Year Built: 1959
Lot Features
- Lot Size (Acres): 0.5758
- Lot Size Source: Public Records
- Lot Description: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $442.01
- Price Per Unit: 264286
Listed by Triqor Group, James Wardlaw
Sold by Triqor Group, Gary Tolfa
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Schools
Schools serving 927 S Bruce St
School Districts:Magnolia Elementary School District, Anaheim Union High School District
| Name | Grades | Distance |
|---|---|---|
Walt Disney Elementary School, Anaheim, CA 2323 West Orange Avenue, Anaheim, CA 92804 | K-6 | 0.5 mi |
Dale Junior High School 900 South Dale Avenue, Anaheim, CA 92804 | 7-8 | 0.8 mi |
Magnolia High School 2450 West Ball Road, Anaheim, CA 92804 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 927 S Bruce St
Date
Details
Price
Change
Source
11/27/2024
Sold
$3,350,000
-9.46%
MLS
9/10/2024
Listed
$3,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
927 S Bruce Street, Anaheim, CA 92804 (MLS# PW24188324) is a Multi-Family property that was sold at $3,350,000 on November 27, 2024. Want to learn more about 927 S Bruce Street? 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.

