Pending / CA / Orange County / Anaheim / 92802 / 324 E Leatrice Ln

324 E Leatrice Ln Anaheim, CA 92802

  • Pending $3,395,000
  • Home Bay Refund $6,000

  1. 0 full, 0 partial baths
  2. 9,036 sq ft
  3. 11,011 sq ft lot
The Leatrice Lane Apartments is an eight-unit apartment building located in the highly desirable rental market of Anaheim, California within the Greater Orange County area. The property offers an attractive unit mix consisting of (2) four bedroom/ two bathroom units, (3) three bedroom/ two bathroom units, (1) three bedroom/ one bathroom unit, and (2) two bedroom/ one bathroom units totaling 9,036 square feet, situated on an 11,014 square foot lot. The property has gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to: new kitchens, stainless steel appliances, backsplashes, quartz countertops, new bathrooms, and new flooring. Common area amenities include: fresh landscaping, enclosed garages, and on-site laundry room. This offering represents a rare opportunity for an investor to acquire a turnkey, low expense, stable investment in the desirable rental market of Anaheim at a 5.9% CAP Rate and 13% Total Return on current income. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.
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Property details

Stories
2
Bathrooms
0 full, 0 partial
Square footage
9,036 sq ft
Lot size
11,011 sq ft lot
Year built
1963
Type
Multi Family
Parking spaces
Garage (8), Carport (0), Uncovered (0)

Listing information

MLS #
OC19233101
Listed by
Greg Bassirpou, Marcus & Millichap RE Invest, BRE #01365951

MLS details

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Location

Neighborhood
Anaheim Resort
Subdivision
Anaheim East of Harbor
County
Orange County
324 E Leatrice Ln, Anaheim, CA 92802

Schools


History


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