927 S Bruce Street, Anaheim, California 92804
  • $3,700,000

Overview

Property ID: PW24188324
  • Apartment, Residential Income
  • Property Type
  • 16.0
  • Garages
  • 7579 Sqft
  • Area Size
  • 1959
  • Year Built

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!

  • Address: 927 S Bruce Street
  • City: Anaheim
  • State/county: CA
  • Zip/Postal Code: 92804
  • Country: US

Details

Updated on December 3, 2024 at 11:07 pm
  • Property ID PW24188324
  • Price $3,700,000
  • Property Size 7579 Sqft
  • Land Area 0.5758 Acres
  • Garages 16.0
  • Year Built 1959
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Conventional
  • Sewer Public Sewer
  • County Orange
  • Property Type Residential Income
  • Pool None
  • Community Features Sidewalks

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