Homes for sale - 2115 S Broden ST, Anaheim, CA 92802

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,350,000

Est. payment - /mo

3,476 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Holiday Harbor Iii Hoa

MLS Listing ID PW25199885

Construction Status Turnkey

HOA Fees $795/mo

HOA Y/N Yes

Year Built 1964

Annual Tax Amount $5,788

Tax Year 2024

Lot Size 3,476 Sqft

Property Sub-Type Triplex

Property Description

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 and fourplex available for sale in the same complex. (Total of 10 units).

Location

State CA

County Orange

Area 78 - Anaheim East Of Harbor

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level, Utility Room, Walk-In Closet(s)

Cooling Wall/Window Unit(s)

Fireplaces Type Living Room, Masonry, Wood Burning

Fireplace Yes

Appliance Electric Range, Electric Water Heater, Disposal

Laundry Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room

Exterior

Parking Features Assigned, Garage, Garage Door Opener, On Street

Garage Spaces 4.0

Garage Description 4.0

Fence Wood, Wrought Iron

Pool Fenced, Gunite, In Ground, Association

Community Features Curbs, Street Lights, Suburban, Sidewalks, Gated

Utilities Available Electricity Available, Sewer Connected, Water Connected

Amenities Available Insurance, Maintenance Front Yard, Picnic Area, Pool, Trash, Water

View Y/N No

View None

Roof Type Composition

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description Sprinklers In Front, Near Public Transit, Sprinkler System, Street Level

Story 1

Entry Level One

Foundation Slab

Sewer Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

HOA Name Holiday Harbor HOA III

HOA Fee Include Sewer

Senior Community No

Tax ID 93017410

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Standard, Trust

Read Less Info

Listed by Rick Violett Investment Brokers O.C. 714-870-7870

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES

Elementary Schools 20

10

A. J. Cook Elementary School

Public | KG - 6
9

Sunnyside Elementary School

Public | KG - 6
9

Excelsior Elementary School

Public | KG - 6
8

Ethel M. Evans Elementary School

Public | KG - 6
8

R. F. Hazard Elementary School

Public | KG - 6
8

Parkview Elementary School

Public | KG - 6
7

Faylane Elementary School

Public | KG - 6
7

Post Elementary School

Public | KG - 6
7

Rosita Elementary School

Public | KG - 6
7

Ocia A. Peters Elementary School

Public | KG - 6
7

Genevieve M. Crosby Elementary School

Public | KG - 6
7

Earl Warren Elementary School

Public | KG - 6
7

El Sol Santa Ana Science and Arts Academy

Public | KG - 8
6

Morningside Elementary School

Public | KG - 6
6

Agnes Ware Stanley Elementary School

Public | KG - 6
6

Price (Adelaide) Elementary School

Public | KG - 6
6

Woodbury Elementary School

Public | KG - 6
6

Franklin (Benjamin) Elementary School

Public | KG - 6
6

Riverdale Elementary School

Public | KG - 6
6

Gonzalo Felicitas Mendez Fundamental Intermediate School

Public | 5 - 8

Middle Schools 14

8

Donald S. Jordan Intermediate School

Public | 7 - 8
7

James Irvine Intermediate School

Public | 7 - 8
7

Dr. Walter C. Ralston Intermediate School

Public | 7 - 8
7

Izaak Walton Intermediate School

Public | 7 - 8
6

Louis Lake Intermediate School

Public | 7 - 8
6

Leroy L. Doig Intermediate School

Public | 7 - 8
4

Portola Middle School

Public | 6 - 8
2

Polaris High (Alternative)

Public | 7 - 12
2

South Junior High School

Public | 7 - 8
1

Ball Junior High School

Public | 7 - 8
1

Willard Intermediate School

Public | 6 - 8
0

Community Day/Alternative Education/Special Education

Public | 7 - 12
0

Community Day Intermediate and High School

Public | 7 - 12
0

Anaheim Discovery Christian Schools

Private | 7 - 12

High Schools 13

9

Nova Academy

Public | 9 - 12
8

Garden Grove High School

Public | 9 - 12
8

The Academy

Public | 9 - 12
8

Middle College High School

Public | 9 - 12
6

Santiago High School

Public | 9 - 12
5

Katella High School

Public | 9 - 12
4

Anaheim High School

Public | 9 - 12
3

Loara High School

Public | 9 - 12
0

Jordan Secondary Learning Center

Public | 9 - 12
0

North Orange County Regional Occupational Program

Public | 9 - 12
0

Gilbert High (Continuation)

Public | 9 - 12
0

Lincoln High Continuation

Public | 9 - 12
0

Central Orange County Cte Partnership (Ctep)

Public | 10 - 12

School and business data provided by Attom Data.

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