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Listed by Stephen Eng • Universal Elite Realty
$2,400,000
Est. payment /mo
9,583 Sqft Lot
New
1629 W Ball RD Anaheim, CA 92802
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25082560
Originating Board California Regional MLS
Year Built 1960
Lot Size 9,583 Sqft
Property Description
1629 W. Ball Road, Anaheim, CA, a beautiful eight-unit apartment community in the heart of Anaheim. This investment offers a rare opportunity to acquire a well-located multifamily asset with strong upside potential, including 20-25% rental growth opportunities. The low-maintenance property ensures easy management, while the high-demand rental market provides stability for investors. The eight-unit apartment building spans ±6,564 square feet on a ±9,583-square-foot lot. The unit mix consists of two two-bedroom/one-bath units and six one-bedroom/one-bath units. The units are separately metered for electricity and gas. There is a laundry room on-site for additional income potential. Tenants also benefit from the eight-car covered garage with alley access. The Current GRM is 13.79, with a projected pro forma of 11.56. With rents below market rates, pro forma rents indicate a potential 20-25% increase. The current Net Operating Income (NOI) is over $125,000, with room for improvement. 1629 W Ball Road is in a prime Anaheim location near Downtown Anaheim. The property offers exceptional tenant appeal with proximity to major employment centers, shopping, and entertainment. The Disneyland Resort is about 2.5 miles away, Anaheim Plaza & Marketplace is nearby to offer retail and g
Location
State CA
County Orange
Area 79 - Anaheim West Of Harbor
Interior
Laundry Gas Hookup, Laundry Area, 30, Washer, Community Facility, Dryer
Exterior
Garage Spaces 8.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 25015218
Special Listing Condition Not Applicable
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