Anaheim, CA 92804,927 South Bruce Street
Anaheim, CA 92804,927 South Bruce Street
Anaheim, CA 92804,927 South Bruce Street
Listed by James Wardlaw • Triqor Group
$3,350,000
Est. payment /mo
Est.Price: ?

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7,579 SqFt
SOLD DATE : 11/27/2024

Key Details

Sold Price $3,350,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 7,579 sqft

Price per Sqft $442

MLS Listing ID PW-24188324

Year Built 1959

Lot Size 0.576 Acres

Property Description

We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Don't miss out on this outstanding investment opportunity!

Location

State CA

County Orange

Interior

Laundry Common Area

Exterior

Parking Features Gated

Garage Spaces 16.0

Pool None

Community Features Sidewalks

Building

Lot Description Rectangular Lot

Sewer Public Sewer

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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