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2115 Broden Street, Anaheim, CA 92802
Priced at Only: $1,350,000
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Address: 2115 Broden Street, Anaheim, CA 92802
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  • MLS#: PW25199902 ( Triplex )
  • Street Address: 2115 Broden Street
  • Viewed: 1
  • Price: $1,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 193
  • Additional Information
  • County: ORANGE
  • City: Anaheim
  • Zipcode: 92802
  • Subdivision: Other (othr)
  • Provided by: Investment Brokers O.C.
  • Contact: Rick Rick
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    2115 Broden St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. MANAGEMENT RESPONSIBILITIES The owners management responsibilities are minimized because the Homeowners Association manages and pays for all the following: insurance, daily grounds clean up and inspections, landscaping, patrol service, pool service, laundry room, roofs, building painting/repairs, gates, fences, walkways, utilities, and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $265 per unit per month. Owners of most other 3 unit buildings would have to pay much more for all those expenses. The major responsibility of the owner of this building is to collect rents. All current tenants use electronic rent payments, are never late, and, therefore, this property is ideal for someone who wants income, growth with inflation protection, and minimum time expenditure. GREAT INVESTMENT POTENTIAL This location of this building ensures continued growth in value. It is one short block east of Harbor Blvd about one half mile south of Disneyland. Within a ten minute walk there are many major hotels, restaurants, and businesses that offer employment for residents. Proximity to employment opportunities also means increasing demand for rentals, higher rents, fewer vacancies, which results in increasing property values. Other similar 3 unit rental properties are often in areas that have stable, not increasing, demand and consequently, limited upside potential. GREAT CASH FLOW This propertys Net Operating Income for the next 12 months will be about $69,260, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $69,260 the CAP rate is 5.13 %. Other similar 3 unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not Pro Forma income) and realistic comprehensive expenses. All units have enclosed 2 car garages with openers. This triplex is single story, located inside the gated area facing the courtyard. Just east of Harbor Blvd south of Orangewood. Owner also has another triplex and had a fourplex available for sale in the same complex. (Total of 10 units). All reduced by $150k/building. Seller may guarantee first years income and expenses. Note: The other Triplex is in escrow.
Features
Accessibility Features
  1. None
Appliances
  1. Disposal
  2. Electric Water Heater
  3. Electric Range
Architectural Style
  1. Ranch
Association Amenities
  1. Insurance
  2. Water
  3. Maintenance Front Yard
  4. Sewer
  5. Pool
  6. Trash
  7. Picnic Area
Association Fee
  1. 795.00
Association Fee Frequency
  1. Monthly
Building Area Total
  1. 2916.00
Commoninterest
  1. Condominium
Common Walls
  1. No Common Walls
Construction Materials
  1. Wood Siding
  2. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 190
Current Financing
  1. None
Door Features
  1. Sliding Doors
  2. Mirror Closet Door(s)
Electric
  1. Electricity - On Property
  2. 220 Volts in Laundry
Electric Expense
  1. 0.00
Fencing
  1. Wood
  2. Wrought Iron
Fireplace Features
  1. Wood Burning
  2. Masonry
  3. Living Room
Flooring
  1. Tile
  2. Vinyl
  3. Laminate
Foundation Details
  1. Slab
Fuel Expense
  1. 0.00
Garage Rental Rate
  1. 0.00
Garage Spaces
  1. 6.00
Green Energy Efficient
  1. Windows
Have
  1. triplex
  2. great cash flow
Insurance Expense
  1. 0.00
Interior Features
  1. Pantry
Laundry Features
  1. Inside
  2. Individual Room
  3. Electric Dryer Hookup
  4. Washer Hookup
Laundry Income
  1. 0.00
Levels
  1. One
Lockboxtype
  1. Supra
  2. See Remarks
Lockboxversion
  1. Supra BT LE
Lot Features
  1. Sprinklers In Front
  2. Level with Street
  3. Near Public Transit
  4. Sprinkler System
Netoperatingincome
  1. 69260.00
Newtaxesexpense
  1. 14800.00
Otherexpense
  1. 9540.00
Otherexpensedescription
  1. HOA fees
Otherincome1
  1. 0.00
Otherincome2
  1. 0.00
Otherincomedescription
  1. Actual income
Parcel Number
  1. 93017411
Parking Features
  1. Garage
  2. Assigned
  3. Garage Door Opener
  4. Street
Pest Control Expense
  1. 0.00
Pool Expense
  1. 0.00
Pool Features
  1. Association
  2. In Ground
  3. Fenced
  4. Gunite
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Triplex
Property Condition
  1. Turnkey
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Composition
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
  3. Gated Community
Sewer
  1. Sewer Paid
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 446592285:CRM
Spa Features
  1. None
Subdivision Name Other
  1. Holiday Harbor III HOA
Suppliesexpense
  1. 0.00
Taxarea
  1. 01-033
Tenant Pays
  1. Trash Collection
  2. Electricity
Totalactualrent
  1. 97200.00
Totalexpenses
  1. 27940.00
Trash Expense
  1. 0.00
Utilities
  1. Sewer Connected
  2. Electricity Available
  3. Water Connected
View
  1. None
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Window Features
  1. Blinds
  2. Screens
  3. Jalousies/Louvered
Year Built
  1. 1964
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. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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