Anaheim, CA 92804,927 S Bruce Street
Listed by James Wardlaw • Triqor Group
Bought with Gary Tolfa • Triqor Group

$3,350,000

$3,700,000

9.5%
Est.Price: ?

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Est. payment /mo

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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Bay East AOR and Contra Costa AOR
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+1(925) 451-3639

victor@themvprealestate.com

2001 Clayton Rd, Concord, CA, 94520, USA

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