927 S Bruce Street, Anaheim, California 92804
- $3,700,000
- $3,700,000
Overview
- Apartment, Residential Income
- 16.0
- 7579 Sqft
- 1959
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
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Address: 927 S Bruce Street
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City: Anaheim
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State/county: CA
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Zip/Postal Code: 92804
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Country: US
Details
Updated on December 3, 2024 at 11:07 pm-
Property ID PW24188324
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Price $3,700,000
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Property Size 7579 Sqft
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Land Area 0.5758 Acres
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Garages 16.0
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Year Built 1959
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Conventional
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Sewer Public Sewer
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County Orange
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Property Type Residential Income
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Pool None
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Community Features Sidewalks
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