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    2182 W Brownwood Avenue

    Anaheim, CA 92801
    • $1,395,000
    • STATUS: CONTINGENT
    • ON SITE: 40 days
    • ID#: 302980080
    Under Contract
    UPDATED: 24 min ago
    $1,395,000
    • 9
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    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 b 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.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.macgroupsd.com/homes/112546291
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    2182 W Brownwood Avenue Anaheim, CA 92801

    • Price: $1,395,000
    • Status: CONTINGENT
    • Updated: 24 min ago
    • ID#: 302980080
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    Neighborhood:
    Oc - Anaheim (92801)
    County:
    Orange
    Area:
    Oc - Anaheim (92801)
    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 b 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.
    Exterior Features

    Exterior Stucco Pool N/K

    Interior Features

    Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 2 Units With Cooling 4 Units With Range Oven 4

    Property Features

    Annual Expense Actual 26777 Buildings 2 Gross Scheduled Income Actual 95400 Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1800.0 Unit2 Rent Actual 1900.0 Unit3 Rent Actual 2000.0 Unit4 Rent Actual 2200.0 Zoning Assessor

    Listing provided courtesy of Morgan Skenderian. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    2820 Camino del Rio S #31
    San Diego CA, 92108