1236 N Dresden Place, Anaheim, California 92801, Anaheim, - bed, bath
ACTIVE$1,299,000
1236 N Dresden Place, Anaheim, California 92801
0Bed
0Bath
3,234Sqft
7,841Lot
Year Built
1959
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25054819
Home ConditionFair
Features
Patio
View-
About this home
3 Unit Property Great For Investors. Cap Rate 6.0%. Unit A: 2 beds 1 Bath and Rent $2000/mo & 2 Car Garage. Unit B: 2 beds 1 bath rent $2400/mo & 1 Car Garage. Unit C: 2 beds 1 bath Vacant (possible rent $3600/mo.) & 3 Parking Space. Total Rent $8000/mo. This is a Great investment with Positive Cash Flow. Property is being Sold AS-IS. Offer Subject to Interior Inspection.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,234 | 2,817 | 57% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $1.3M | $1.29M | 57% |
| Price per square foot | $402 | $447 | 29% |
| Built year | 1959 | 1959 | 50% |
| HOA | |||
| Days on market | 238 | 189 | 57% |
Condition Rating
Fair
The property was built in 1959 and appears to have been maintained, but the kitchens and bathrooms are outdated. The exterior shows some wear and tear. While functional, it requires updates to meet modern standards. The listing also mentions it is being sold AS-IS.
Pros & Cons
Pros
Income Potential: The property is a triplex with two units currently rented, generating immediate income.
High Cap Rate: Advertised with a 6.0% cap rate, indicating a potentially strong return on investment.
Positive Cash Flow: The property is presented as having positive cash flow, making it an attractive investment.
Unit Mix: All three units feature a desirable 2-bed, 1-bath layout, appealing to a broad tenant base.
Parking: The property offers ample parking with garages for Units A and B, plus 3 spaces for Unit C.
Cons
As-Is Condition: The property is being sold 'AS-IS,' potentially requiring significant upfront investment for repairs and upgrades.
Vacant Unit: One unit is currently vacant, requiring immediate effort to find a tenant and realize its income potential.
Age of Property: Built in 1959, the property may require ongoing maintenance and potential upgrades to meet modern standards.