Listed by Kirklen Investment Group
$2,850,000
421 N Rose Street
Details
APN 03522314
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,440
Units 8
Cap Rate 5.39%
NOI $153,593
Pro-Forma Cap Rate 6.5%
Pro-Forma NOI $185,367
Price per SqFt $443
Broker Co-Op Yes
Class C
Year Built 1957
Buildings 2
Stories 2
Acreage 0.160
Zoning Assessor
Parking Spaces 1 per unit
Ground Lease No
Multifamily | 8 Units | $356,250/unit
Marketing description
This 8-unit apartment building is located at 421 North Rose Street in Anaheim, CA. The property benefits from its excellent unit mix of 100% two-bedroom units, as well as two-story construction. The property is very well-maintained and spacious. The interior and exterior were recently renovated and each unit includes it's own, individual water heater. The property boasts eight (8), single parking spaces and is separately metered for gas and electricity. The desirable unit mix and amenities keep occupancy high and cash flow strong. The Anaheim rental market remains strong, as it's one of the top cities in the US in terms of rent growth. Tenants also benefit from proximity to major freeways like the 91, 57, and 5 freeways as well as a variety of shopping, entertainment, educational, and occupational opportunities.
Investment highlights
Strong Rental Market of Anaheim
Two-Story Construction
100% Two-Bedroom Units
Individual Water Heaters
8 Single Parking Spaces
RUBS and Parking Upside
Listing Contacts
Listed by Kirklen Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,593.00
$12,799.42/mo
Valuation Metrics
0
DSCR
5.39%
Cap Rate
5.39%
ROI
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Property History
Tax History
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