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2182 W Brownwood AVE Anaheim, CA 92801
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Key Details
Sold Price $1,395,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW20255714
Sold Date 02/05/21
Construction Status Updated/Remodeled
HOA Y/N Yes
Year Built 1964
Lot Size 8,712 Sqft
Property Description
The Brownwood 4-plex apartments offer an investor a unique opportunity to acquire a cash flow asset in turnkey condition in a historically high occupancy neighborhood of Anaheim. The building features all 2 and 3 bedroom apartments which are all occupied with rent levels near market rent levels. The three 2 bedroom units have been completely remodeled from the kitchens to the bathrooms. The upgrades for each include new double paned vinyl windows, laminated plank flooring throughout, tiled floors in the bathrooms, new wall heaters and wall A/C units, new kitchen cabinets with quartz counter tops, sinks, and appliances along with upgraded electrical panels and circuit breakers. The total cost of the recent improvements is over $240,000 ensuring the next owner should have little to no deferred maintenance issues for the foreseeable future. With a current income just under $8,000 a month, the Brownwood apartments boast a current cap rate approaching 5% which will yield a positive cash flow for any investor operator.
Location
State CA
County Orange
Area 79 - Anaheim West Of Harbor
Interior
Interior Features Ceiling Fan(s), Stone Counters
Heating Wall Furnace
Cooling ENERGY STAR Qualified Equipment, Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplace No
Appliance ENERGY STAR Qualified Appliances, Gas Range
Laundry Common Area
Exterior
Parking Features Detached Carport
Carport Spaces 5
Pool None
Community Features Street Lights
Utilities Available Electricity Connected, Natural Gas Connected
Amenities Available Sport Court
Total Parking Spaces 5
Private Pool No
Building
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 07262119
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Kaitlyn Vuong • Kaitlyn Vuong
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