Bought with Gary Tolfa • Triqor Group
$3,350,000
$3,700,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
7,579 SqFt
SOLD DATE : 11/27/2024
Key Details
Sold Price $3,350,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,579 sqft
Price per Sqft $442
MLS Listing ID CRPW24188324
Sold Date 11/27/24
HOA Y/N No
Year Built 1959
Lot Size 0.576 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Fireplace No
Laundry Other
Building
Lot Description Other
Water Public
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