301 East Mills Drive

301 East Mills Drive

Anaheim, CA 92805

$1,850,000
Price
8
Beds
8
Baths
3,473 Sq. Ft.
$533 / Sq. Ft.
3,473
Sq. Ft.
$533
per Sq. Ft.
a view of a city
a view of a house with a yard
a view of a garden with a slide
a view of a house with backyard and porch
front view of a house with a yard
a front view of a house with a garden and plants
a view of street with parked cars
a view of a house with a backyard and a roof deck
a view of a house with backyard and a tree
a view of a house with a backyard
a front view of a building with entryway
a kitchen with a sink a stove top oven and white cabinets
a view of a utility room
a bathroom with a sink a toilet and mirror
an aerial view of a city

Description

301 East Mills Drive is a 4-unit multifamily investment property located in Anaheim, California. Built in 1986, 301 East Mills Drive offers exclusively two-bedroom units with in-unit laundry hookups, private balconies, security doors, and dual-pane windows. Residents enjoy the property’s amenities including gated pedestrian access leading to a spacious common-area courtyard and ample garage parking, with two reserved spaces per unit. Additionally, each unit features an individual water heater. 301...301 East Mills Drive is a 4-unit multifamily investment property located in Anaheim, California. Built in 1986, 301 East Mills Drive offers exclusively two-bedroom units with in-unit laundry hookups, private balconies, security doors, and dual-pane windows. Residents enjoy the property’s amenities including gated pedestrian access leading to a spacious common-area courtyard and ample garage parking, with two reserved spaces per unit. Additionally, each unit features an individual water heater. 301 East Mills Drive offers new ownership the opportunity to diversify the unit mix and increase potential rental income through the development of an accessory dwelling unit (ADU). Current ownership is working on the permitting process with the city for the ADU, which is planned to be approximately 512 square feet. This ADU structure already has its own electrical meter and water connection. The property is situated in an optimal North Orange County location, between Downtown Anaheim and Downtown Fullerton, and in close proximity of an abundance of parks, schools, and retail centers. Residents enjoy the property’s close proximity to a plethora or outdoor activities at La Palma Park and Dog Park, as well as Pearson Park, a 19-acre park featuring a 2,000 seat amphitheatre. Additionally, 301 East Mills Drive is within a 2-mile radius of numerous local hotspots including Anaheim Packing District, Anaheim Plaza, The Rinks - Anaheim ICE, Fullerton Town Center, and Fullerton Metrocenter. Finally, the property benefits from its proximity to State Route 91 and Interstate 5, connecting residents to employment hubs throughout Southern California. Given its optimal Anaheim location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 301 East Mills Drive.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086

Property Details for 301 East Mills Drive

Parking Spaces Total
10
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3473
Assessor Parcel Number
035-064-05
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute
LISTING UPDATED: 05/25/2024 01:21 PM

Property Details for 301 East Mills Drive

StatusActive
MLS #OC24096662
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute

Building Information for 301 East Mills Drive

Building/Complex301 E Mills DrFloor-Stories1Residences-Pet Policy-Year Built1986Building Size-

Payment Calculator

$11,390 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,294

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 301 East Mills Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $104,160
  • Gross Scheduled Income: $104,160
  • Vacancy Allowance: 3125
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $101,035
  • Net Operating Income: $68,194
  • Gross Multiplier: 17.76
  • Cap Rate: 3.69
Expense Details
  • Operating Expense: $32,841
  • Operating Expense Percent: 32.50%
  • New Taxes Expense: $20,327
  • Fuel Expense: $620
  • Electric Expense: $620
  • Insurance Expense: $2,400
  • Maintenance Expense: $2,200
  • Other Expense: $5,431
  • Other Expense Description: Misc
  • Trash Expense: $620
  • Water Sewer Expense: $623
  • Total Expenses: $32,841
Tax / Assessment Info
  • Tax Block: 7
  • Tax Tract Number: 304
  • Tax Census Tract: 865.01
  • CFD/Mello-Roos Fee: $1,031
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,170
  • Unit Type Total Rent: $2,170
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,170
  • Unit Type Total Rent: $2,170
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,170
  • Unit Type Total Rent: $2,170
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,170
  • Unit Type Total Rent: $2,170
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 301 East Mills Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 301 East Mills Drive

Taxable ValueLand$935,549Additions$383,679Total$1,319,228
Tax Record2023$15,526 ($1,294 / month)
Home Facts
Total Finished SqFt572 SqFtAbove Grade Finished SqFt572 SqFtStories1Lot Size7,522 SqFtStyleMulti-Family Dwelling (2-4)Year Built1944CountyORANGEAPN035-064-05

Schools near 301 East Mills Drive

This home is within Anaheim Union High School District.
Rating
School
Type
Grades
Distance
Mann (Horace) Elementary School
Public - K to 6
Sycamore Junior High School
Public - 7 to 8
Anaheim High School
Public - 9 to 12
Vibrant Minds Charter
Charter - K to 6
Rating
School
Distance
Mann (Horace) Elementary School
PublicK to 6

Sycamore Junior High School
Public7 to 8

Anaheim High School
Public9 to 12

Vibrant Minds Charter
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 301 East Mills Drive, Anaheim, CA 92805

301 East Mills Drive is a multi-family home for sale in Anaheim, CA 92805. This property was listed for sale on May 13, 2024 by Marcus & Millichap RE Invest, it's currently listed at $1,850,000. It has been on the market for a total of 18 days and was last sold on September 26, 2019. This listing's school districts are Anaheim Union High School District, Anaheim Elementary School District. Nearby schools include Mann (Horace) Elementary School, Sycamore Junior High School and Anaheim High School. 301 East Mills Drive is a 8-bed, 8-bath, 3,473 sqft multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.