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Brian Aarestad, Sales Associate
SOLD
$2,640,000
Date 01/24/2024

924 S Arden Place
Anaheim, CA 92802

Other
Residence
12
Beds
12
Baths
8,636
Sqft
0.3
Lot Size
Listing Agent: Kamfar Kyle Mirrafati CalDRE: 01911204 - Matthews Real Estate Investment Services
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.
23323265
Other, 2 Story
12
Orange
12
1960
0.3 Acres
2
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Listing Agent: Kamfar Kyle Mirrafati CalDRE: 01911204 - Matthews Real Estate Investment Services
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