1556 E Benmore Lane, Anaheim, California 92805, Anaheim, - bed, bath
ACTIVE$1,750,000
1556 E Benmore Lane, Anaheim, California 92805
0Bed
0Bath
4,286Sqft
8,276Lot
Year Built
1966
Close
-
List price
$1.75M
Original List price
$1.88M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24005996
Home ConditionFair
Features
Deck
Patio
View-
About this home
Covington fourplex approximately 5 miles from Disneyland is all unit’s tenant occupied and produces strong rents. Front unit has 3 bedrooms and each other unit comes with a spacious 2 bedrooms offering unique layouts including private yard patios, balcony, and a 5th enclosed garage space for extra storage. Built in 1966, this larger fourplex at 4,286 sq. ft. has a lot size over 8,200 sq. ft. and all units have their own separate meters for gas and electricity keeping operating expenses low. Included in this sale is a community laundry room with 3 coin operated washers and 2 coin operated dryers all owner-owned machines for additional supplemental income.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 4,286 | 2,114 | 86% |
| Lot Size | 8,276 | 6,534 | 86% |
| Price | $1.75M | $905K | 86% |
| Price per square foot | $408 | $435 | 29% |
| Built year | 1966 | 1958 | 71% |
| HOA | |||
| Days on market | 643 | 187 | 86% |
Condition Rating
Fair
The property was built in 1966. The kitchens and bathrooms appear functional but outdated. The appliances are older models. While the property seems maintained, it requires updates to meet modern standards. The overall condition suggests it's aged but maintained with occasional updates.
Pros & Cons
Pros
Strong Rental Income: The property produces strong rents, making it an attractive investment opportunity.
Tenant Occupied: All units are currently tenant occupied, providing immediate cash flow for the buyer.
Separate Meters: Each unit has separate gas and electricity meters, reducing operating expenses for the owner.
Proximity to Disneyland: Located approximately 5 miles from Disneyland, which can be a draw for tenants.
On-site Laundry: Community laundry room with owner-owned coin-operated machines provides supplemental income.
Cons
Year Built: Built in 1966, the property may require updates or renovations to meet modern standards.
Original List Price Reduction: The property has experienced a price reduction from its original list price, which may indicate market resistance or perceived issues.
Potential Maintenance: Older building may require ongoing maintenance and repairs.