1201 West Diamond Street

Anaheim, CA 92801

$4,800,000
Price
3
Beds
16
Baths
10,840 Sq. Ft.
$443 / Sq. Ft.
10,840
Sq. Ft.
$443
per Sq. Ft.

Description

14 unit apartment building located very close to public transit, shopping, and restaurants, 14 separate garages. Subject property is in excellent condition and tenants have been there for a long time. It sits on a corner location, adding additional street parking. This building is also Hud friendly.14 unit apartment building located very close to public transit, shopping, and restaurants, 14 separate garages. Subject property is in excellent condition and tenants have been there for a long time. It sits on a corner location, adding additional street parking. This building is also Hud friendly.
  1. Listed by Wayne Smith • DRE #00922140 • Brokerage DRE #01338815 • Corona Del Mar Properties Inc • 949-300-2215
  2. Listed by Alexander Reyna • DRE #02205087 • Brokerage DRE #01338815 • Corona Del Mar Properties Inc

Property Details for 1201 West Diamond Street

Parking Spaces Total
14
Private Pool
No
Cooling Type
Wall/Window
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10840
Assessor Parcel Number
255-022-50

Location

Listing Courtesy of Corona Del Mar Properties Inc, Wayne Smith, DRE #00922140; Corona Del Mar Properties Inc, Alexander Reyna, DRE #02205087
Add your commute
LISTING UPDATED: 04/26/2024 02:41 AM

Property Details for 1201 West Diamond Street

StatusActive
MLS #NP23203627
Days on Market157
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
CountyOrange County

Location

Listing Courtesy of Corona Del Mar Properties Inc, Wayne Smith, DRE #00922140; Corona Del Mar Properties Inc, Alexander Reyna, DRE #02205087
Add your commute

Building Information for 1201 West Diamond Street

Building/Complex1201 W Diamond StFloor-Stories2Residences-Pet Policy-Year Built1978Building Size-

Payment Calculator

$27,927 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,196

Property Taxes

$1,731

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1201 West Diamond Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $340,700
  • Gross Scheduled Income: $340,700
  • Net Operating Income: $249,900
  • Number Of Rented Garages: 0
  • Laundry Income: $1,680
  • Cap Rate: 5.21
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $90,800
  • New Taxes Expense: $52,800
  • Gardener Expense: $4,800
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $6,000
  • Insurance Expense: $6,000
  • Professional Management Expense: $0
  • Trash Expense: $2,000
  • Water Sewer Expense: $6,000
  • Total Expenses: $90,800
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 754
  • Tax Census Tract: 872.00
  • CFD/Mello-Roos Fee: $3,476
  • Tax Lot: 19
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Electric Dryer Hookup, Gas & Electric Dryer Hookup, Individual Room
  • Cooling: Wall/Window Unit(s)
  • Flooring: Carpet, Wood
Exterior Features
  • Roof: Composition
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Electric: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 14
  • Parking Garage Spaces: 14
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 12
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $22,618
  • Unit Type Total Rent: $22,618
  • Unit Type Pro Forma: 30000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • 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: $5,634
  • Unit Type Total Rent: $5,634
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 12
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number With Range: 14

Property History for 1201 West Diamond Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1201 West Diamond Street

Taxable ValueLand$628,690Additions$935,147Total$1,563,837
Tax Record2023$20,768 ($1,731 / month)
Home Facts
Total Finished SqFt10,840 SqFtAbove Grade Finished SqFt10,840 SqFtStories2Lot Size19,804 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyORANGEAPN255-022-50

Schools near 1201 West Diamond Street

This home is within Anaheim Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Westmont 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.

Similar Homes

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1201 West Diamond Street is a multi-family home for sale in Anaheim, CA 92801. This property was listed for sale on November 1, 2023 by Corona Del Mar Properties Inc, it's currently listed at $4,800,000. This listing's school districts are Anaheim Union High School District, Anaheim Elementary School District. Nearby schools include Westmont Elementary School, Sycamore Junior High School and Anaheim High School. 1201 West Diamond Street is a 3-bed, 16-bath, 10,840 sqft multi-family home built in 1978.

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 Corona Del Mar Properties Inc, Wayne Smith, DRE #00922140; Corona Del Mar Properties Inc, Alexander Reyna, DRE #02205087

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.