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2115 S Broden Street, Anaheim, California 92802, Anaheim, - bed, bath

home-pic
ACTIVE$1,350,000
2115 S Broden Street, Anaheim, California 92802
0Bed
0Bath
2,976Sqft
3,478Lot
Year Built
1964
Close
-
List price
$1.35M
Original List price
$1.5M
Price/Sqft
-
HOA
$660
Days on market
-
Sold On
-
MLS number
PW25199885
Home ConditionPoor
Features
View-

About this home

One of three apartment buildings for sale by the owner within this HOA complex. Well maintained Triplex apartment "free standing building" in a gated HOA community with little to no management needed. Great cash flow as HOA pays for and MAINTAINS the roof maintenance/replacement, exterior painting, all exterior maintenance, pool service 3x weekly, landscaping, insurance, pest control, water, etc. HOA fees of only $245/unit/month. Check out the numbers, low expenses, great rents and a cap rate 5.4 ! Compare to other units being offered and compare the actual income for the price. ACTUAL rents are over $100k/year. Great for cash buyer. Just collect the rent and maintain the interior. PRICE REDUCED BY $150k All single story two bedroom, 1.75 bath units , pantry/laundry rooms with washer/dryer hookups, two units have fireplaces. All units have enclosed garages with openers. Located close to Anaheim Convention center, Disneyland, Major hotels & restaurants, Angel Stadium, and UCI Medical Center. Just east of Harbor Blvd south of Orangewood. Owner also has another triplex and fourplex available for sale in the same complex. (Total of 10 units).

Price History

Date
Event
Price
11/02/25
Price Change
$1,350,000-10.0%
09/04/25
Listing
$1,500,000
Condition Rating
Poor
Built in 1964, this property is 60 years old. While the exterior and common areas are maintained by the HOA, the interior units show significant signs of age and require substantial rehabilitation. The kitchens feature dated white cabinets, laminate countertops, older white appliances (including coil-burner ranges), and fluorescent lighting. Bathrooms have basic vanities, dated strip lighting, and older tile. A major drawback is the reliance on window AC units, indicating a lack of central heating and cooling. While some cosmetic updates like laminate flooring and fresh paint are present, the core systems and aesthetics of the kitchens and bathrooms are significantly outdated, requiring major investment to meet modern standards of comfort and style.
Pros & Cons

Pros

Exceptional HOA Coverage & Low Expenses: The HOA covers extensive services including roof maintenance/replacement, exterior painting, all exterior maintenance, pool service, landscaping, insurance, pest control, and water, significantly reducing owner responsibilities and operating costs.
Strong Financial Performance: The property boasts actual rents over $100,000 per year and a reported 5.4% capitalization rate, indicating excellent cash flow and a solid return on investment.
Prime Location: Strategically located near major attractions and employment centers such as Disneyland, Anaheim Convention Center, Angel Stadium, and UCI Medical Center, ensuring high tenant demand and stable occupancy.
Turnkey Investment with Desirable Unit Features: Described as requiring 'little to no management needed' and 'just collect the rent and maintain the interior.' All units are single-story, 2-bedroom, 1.75-bath, with laundry hookups and enclosed garages, appealing to a broad tenant base.
Portfolio Expansion Opportunity & Price Reduction: The owner has additional triplex and fourplex units available in the same complex, offering a unique opportunity for portfolio acquisition. Furthermore, a recent $150,000 price reduction enhances the property's value proposition.

Cons

Age of Property: Built in 1964, the property is 60 years old. While the HOA covers exterior maintenance, interior systems (e.g., plumbing, electrical, HVAC) may be original or require future upgrades not covered by the HOA.
Limited Owner Control Over Exterior: While comprehensive HOA coverage reduces owner burden, it also means the owner has less direct control over the aesthetic and maintenance standards of the exterior and common areas, which could be a drawback if HOA management is not ideal.
Lack of Specific Interior Renovation Details: The description emphasizes HOA-covered exterior maintenance but provides no details on recent interior renovations or upgrades, suggesting units might be dated or require investment to maximize rental income or attract premium tenants.

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