120 S Sunkist Street, Anaheim, California 92806, Anaheim, - bed, bath
ACTIVE$1,750,000
120 S Sunkist Street, Anaheim, California 92806
0Bed
0Bath
3,969Sqft
10,536Lot
Year Built
1968
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25160722
Home ConditionFair
Features
Patio
View-
About this home
Highly desirable well located single story 4-plex in Anaheim. Extremely low turnover and reasonable expenses make this an excellent investment property. Garages and patios for each unit add to the tenant appeal. Large front unit also allows for the possibility of an owners unit. All units are separately metered except for water. Location is close to shopping, freeways, restaurants, schools and parks.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (5 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,969 | 3,821 | 67% |
| Lot Size | 10,536 | 8,930 | 83% |
| Price | $1.75M | $1.44M | 83% |
| Price per square foot | $441 | $378 | 83% |
| Built year | 1968 | 9825983 | 83% |
| HOA | |||
| Days on market | 110 | 65 | 83% |
Condition Rating
Fair
The property was built in 1968. From the exterior image, the building appears to be maintained but shows its age. Without interior images, it's difficult to assess the kitchen and bathroom conditions, but given the age, it's likely that they are outdated and may require updates. Therefore, a 'fair' condition score is appropriate.
Pros & Cons
Pros
Excellent Investment Opportunity: The property is a well-located 4-plex in Anaheim, presenting a strong investment opportunity due to its potential for consistent rental income.
Low Turnover: Historically low tenant turnover suggests stable occupancy and reduced vacancy-related expenses.
Reasonable Expenses: The property benefits from reasonable operating expenses, contributing to a potentially higher net operating income (NOI).
Tenant Amenities: Garages and patios for each unit enhance tenant appeal and potentially justify higher rental rates.
Prime Location: The property's location offers convenient access to shopping, freeways, restaurants, schools, and parks, increasing its desirability to tenants.
Cons
Age of Property: Built in 1968, the property may require ongoing maintenance and potential upgrades to remain competitive.
Water Metering: The lack of separate water meters for each unit may lead to challenges in fairly allocating water costs among tenants and potentially higher utility expenses for the landlord.
Potential Renovation Costs: Depending on the current condition of the units, renovations may be necessary to maximize rental income and attract high-quality tenants.