1124 S Lemon St, Anaheim, CA, 92805

USD 6,500,000
For Sale MLS: OC26021960

Property Details

Bathrooms

1

Property Type

multi family

Description

Multi Family in Anaheim, CA - Bedrooms: 0 - Bathrooms: 1 - Area: N/A - Year Built: 1958 - Lot: 23958 sqft

Listing Agent: Mark Bridge Brokerage: Mark Bridge, Broker

We are pleased to present 1124-1130 S Lemon St in the strong Anaheim rental market. This garden-style two-story walkup property is in great condition thanks to quality management and a strong pride of ownership. Comprised of 100% one-bedroom units and nicely landscaped grounds, this complex has gated pedestrian entry at both ends, newer double pane vinyl windows, pitched shingle roofs and ample parking. The building is master metered for gas and separately metered for electricity with an on-site laundry facility for residents' use. The strong Anaheim rental market at Ball Road and the I-5 Freeway offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. The property is located next to Disneyland Resort, Disney California Adventure, Downtown Disney, Anaheim Convention Center, The Platinum Triangle and Angel Stadium. Garden style, two story walkup construction located in a strong city of Anaheim rental location, with excellent curb appeal. This well-kept and managed asset has pitched composition shingle roofs, open parking with additional street parking, central courtyard with gated pool, and gated pedestrian access. Beautifully landscaped with white rose bushes, grass and shrubs, the complex has attractive curb appeal, separate electric meters, individual screen doors, and an on-site laundry facility. Ideally located at the I-5 and Ball Rd, the property is within 2,000 feet of Disneyland Resort and Disney California Adventure, and nearby are Downtown Disney, Anaheim Convention Center, The Platinum Triangle and Angel Stadium.

Location

Address

1124 S Lemon St, Anaheim, CA, 92805

City

Anaheim

Features and Finishes

Disposal, Range Hood, Gas Range, Gas Oven, Laundry Features: Common Area, Full Bathrooms: 1, Heating Features: Natural Gas, Wall Furnace, Heating: Yes, Flooring: Vinyl, Window Features: Double Pane Windows, Screens, Pool Expense: 4278, Pool Features: In Ground, Fenced, Private, Pool Private: Yes, Additional Parcels: No, Land Lease: No, Lot Description: 21-25 Units/Acre, Lot Size Acres: 0.55, Lot Size Source: Assessor, Lot Size Square Feet: 23958, Fencing: Good Condition, Wrought Iron, Road Frontage Type: City Street, Road Surface Type: Paved, Alley Paved, Parking Features: Assigned, Paved, Asphalt, Parking Total: 24, View: Courtyard, Association: No, Calculated Total Monthly Association Fees: 0, Gardener Expense: 2400, Maintenance Expense: 12000, Gross Income: 495432, Gross Scheduled Income: 497832, Number of Units Leased: 24, Tenant Pays: Telephone, Cable TV, Electricity, Vacancy Allowance: 14863, Rent Control: No, Number of Units: 24, Bedrooms in Unit-1: 1, Total Bathrooms in Unit-1:

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