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2115 S Broden St

anaheim, CA 92802

$1,350,000

    Interested? Let's Connect

    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 owner’s 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 (including water), 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 property’s Net Operating Income for the next 12 months will be about $77,000, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $73380 the CAP rate is 5.36%. 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. Located close to Anaheim Convention center, Disneyland, Major hotels & restaurants, Angel Stadium, and UCI Medical Center. Just east of Harbor Blvd south of Orangewood. Owner also has another triplex available for sale in the same complex. Back on the market subject to cancellation document.

    Details

    2,916 Sq Ft

    3,478 Sq Ft Lot Size

    investment

    $795 Monthly Maintenance/CC

    $5,788 Annual Tax

    Built in 1964

    MLS/Listing ID PW25199885

    1 Stories

    3 Units

    Amenities & Features

    Community - Street Lights

    Community - Suburban

    Composition

    Blinds

    Jalousie

    Screens

    Pool - Association

    Pool - Fenced

    Pool - Gunite

    Pool - Inground

    Parking - Assigned

    Parking - Garage

    Parking - Garage Door Opener

    Parking - On Street

    Lot - Near Public Transit

    Lot - Sprinkler System

    Lot - Sprinklers in Front

    Lot - Street Level

    Pool

    Association - Picnic Area

    Association - Maintenance Front Yard

    Association - Insurance

    Association - Trash

    Association - Water

    Disposal

    Electric Range

    Electric Water Heater

    Electric Dryer Hookup

    Inside

    Laundry Room

    Washer Hookup

    All Bedrooms Down

    Bedroomon Main Level

    Utility Room

    Walk-in Closets

    Windows

    Slab

    Living Room Fireplace

    Masonry Fireplace

    Wood Burning Fireplace

    Wood

    Wrought-iron

    Cooling - Wall/window unit(s)

    Construction - Stucco

    Construction - Wood Siding

    Community - Curbs

    Community - Gated

    Community - Sidewalks

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

    HOME PRICE
    DOWN PAYMENT
    TERM
    INTEREST

    Interested In 2115 S Broden St?