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32753206
32753208

161-175 W Guinida Ln, Anaheim, CA 92805

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group
$4,400,000
18 days on market
Updated 18 days ago
Opportunity zone

Guinida Lane Apartments

Details
APN 082-491-07, 082-491-06, 082-491-05
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,501
Units 12
Cap Rate 3.37%
NOI $148,335
Occupancy 100%
Tenancy Multi
Price per SqFt $463
Year Built 1960
Buildings 3
Stories 1
Lot Size (SqFt) 23,951
Parking Spaces 20 spaces
Parking Per SqFt 2.11
Investment Type Stabilized
Ownership Fee Simple

12 Units | Anaheim | 3 Contiguous 4plexes

Marketing description

Kirklen Investment Group proudly offers the generational opportunity to acquire 161-175 W Guinida Lane, a single-story value-add 12-unit multifamily investment property comprised of three separately parceled 4-unit buildings located in Anaheim, CA. Being offered for the first time in 59 years, the subject property features a desirable unit mix comprised exclusively of two-bedroom/one-bathroom floor plans (approximately 792 sq ft). 161-175 W Guinida Lane is also equipped with a multitude of amenities such as (12) garage parking spaces, (8) surface parking spaces, spacious private patios, and on-site laundry facilities with 100-gallon water tanks in 161 and 175 W Guinida Lane. 167 W Guinida Lane is equipped with washer and dryer hook ups and a 50-gallon water tank, but is currently being operated as a utility room, which can be easily converted back to a functioning laundry facility.

161-175 W Guinida Lane benefits from its outstanding location being located in the heart of Anaheim near the city's most popular attractions such as Disneyland, Downtown Anaheim, and the Platinum Triangle. The subject property is also located near educational institutions such as Anaheim High School and within walking distance to Paul Revere Elementary School providing residents a balanced living environment due to its proximity to entertainment, schools, shopping, and dining.

161-175 W Guinida Lane offers an amazing opportunity for a subsequent owner to acquire 12-units across three separate buildings with attractive 30-year fixed residential financing due to each building being separately parceled. The current owner has also demonstrated a hands-on approach to maintaining the building with upgrades such as new asphalt paving in front of garages and assigned parking spaces in 2021 ($9,000), fully renovating a unit in 2026 at 167 W Guinida Lane ($30,000) fully replacing all three roofs on each building in 2022 ($77,000), and upgrading bathrooms and kitchens in additional units over the past 2 years totaling $25,000.

Investment highlights

  • Generational Opportunity; First Time On The Market In 59 Years
  • 100% Single Story Construction (SB-721 Exempt) Comprised Exclusively Of Two-Bedroom/One-Bathroom Units
  • 12-Units Comprised Of Three Separately Parceled Buildings Providing Attractive Residential Financing Opportunity
  • Residents Enjoy Amenities Such As Garage Parking, Surface Parking, On-Site Laundry (161 & 175) And Spacious Private Patios
  • Conveniently Located Near The I-5 And SR-57 Freeways Offering Effortless Commuting For Residents
  • Amazing Anaheim Location With Proximity To Disneyland, Downtown Anaheim, Platinum Triangle, Anaheim High School, And Walking Distance To Paul Revere Elementary School

Listing Contacts

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$148,335.00
$12,361.25/mo

Valuation Metrics

0
DSCR
3.37%
Cap Rate
3.37%
ROI

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