Anaheim, CA 92801,2182 W Brownwood AVE
Anaheim, CA 92801,2182 W Brownwood AVE
Anaheim, CA 92801,2182 W Brownwood AVE
8
$1,395,000
$1,395,000
Est.Price: ?

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8,712 Sqft Lot

2182 W Brownwood AVE Anaheim, CA 92801

Est. payment /mo
SOLD DATE : 02/05/2021

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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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California Regional MLS (CRMLS)
Listed by Michael Arp • Morgan Skenderian
Bought with Kaitlyn Vuong • Kaitlyn Vuong

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Paco Licea

Broker | License ID: 01337048

+1(951) 213-9131

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