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1629 Ball Road, Anaheim, CA 92802
Priced at Only: $2,400,000
For more Information Call Mobile: 714.478.6676
Address: 1629 Ball Road, Anaheim, CA 92802
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  • MLS#: AR25082560 ( Apartment )
  • Street Address: 1629 Ball Road
  • Viewed: 4
  • Price: $2,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 41
  • Additional Information
  • County: ORANGE
  • City: Anaheim
  • Zipcode: 92802
  • Subdivision: Other (othr)
  • Provided by: Universal Elite Realty
  • Contact: Stephen Stephen
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1629 W. Ball Road, Anaheim, CA, a beautiful eight unit apartment community in the heart of Anaheim. This investment offers a rare opportunity to acquire a well located multifamily asset with strong upside potential, including 20 25% rental growth opportunities. The low maintenance property ensures easy management, while the high demand rental market provides stability for investors. The eight unit apartment building spans 6,564 square feet on a 9,583 square foot lot. The unit mix consists of two two bedroom/one bath units and six one bedroom/one bath units. The units are separately metered for electricity and gas. There is a laundry room on site for additional income potential. Tenants also benefit from the eight car covered garage with alley access. The Current GRM is 13.79, with a projected pro forma of 11.56. With rents below market rates, pro forma rents indicate a potential 20 25% increase. The current Net Operating Income (NOI) is over $125,000, with room for improvement. 1629 W Ball Road is in a prime Anaheim location near Downtown Anaheim. The property offers exceptional tenant appeal with proximity to major employment centers, shopping, and entertainment. The Disneyland Resort is about 2.5 miles away, Anaheim Plaza & Marketplace is nearby to offer retail and grocery options, and the site is within walking distance to dining and nightlife entertainment options. Additionally, Freeway access is convenient, with quick connections to Interstate 5 and 91 and the 57 Freeway. Current rents are significantly below market, presenting an immediate value add opportunity for investors. Inquire today for more information about the strong investment potential at 1629 W Ball Road.
Features
Building Area Total
  1. 6564.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 1000.00
Entry Location
  1. Ground
Fuel Expense
  1. 1000.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 1800.00
Insurance Expense
  1. 4000.00
Laundry Features
  1. Common Area
  2. Community
  3. Dryer Included
  4. Gas Dryer Hookup
  5. Washer Hookup
  6. Washer Included
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Front Yard
  2. Landscaped
  3. Lawn
  4. Level with Street
  5. Lot 6500-9999
  6. Rectangular Lot
  7. Sprinkler System
  8. Sprinklers In Front
  9. Sprinklers In Rear
  10. Sprinklers Timer
  11. Walkstreet
  12. Yard
Netoperatingincome
  1. 133380.00
Newtaxesexpense
  1. 28800.00
Parcel Number
  1. 25015218
Pest Control Expense
  1. 720.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436438041:CRM
Subdivision Name Other
  1. Other
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 14600.00
Totalexpenses
  1. 41820.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 4500.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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