1521 E CANFIELD Lane, Anaheim, CA 92805

$4,200,000
List Price
$4,200,000
Status
ACTIVE
MLS#
17294342
Year Built
1969
Lot Size
23,522
Days on Market
10
Property Type
Multifamily

Property Description

Pleased to announce the sale of Montrose Villa Apartments, a 20-unit multifamily community in Anaheim, California. The property is in a strong rental market of Anaheim, near the intersection of Acacia Avenue and Orangethorpe Avenue. Built in 1969, Montrose Villa consists of one two-story building on a 23,522-square foot lot with copper plumbing throughout the property. The unit mix consists of seventeen (17) one-bedroom units and three (3) two-bedroom units. Four of the 20 units have been rehabbed with new plank flooring, new cabinets & countertops, new bathroom vanities, ceiling fans and new tubs & showers. A buyer can increase the income by approximately 20% by continuing the renovation plan currently in place. This opportunity presents an investor to acquire a value-add asset in a desirable submarket of Anaheim. Montrose Villa benefits from proximity to both the 91 & 57 freeways, Cal State Fullerton, Angel Stadium, Honda Center and Brea Mall

Additional Information

Cooling
Yes
Cooling Description
Wall Window

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Daniel Blackwell from CB Richard Ellis, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.