1556 East Benmore Lane

Anaheim, CA 92805

$1,875,000
Price
9
Beds
7
Baths
4,286 Sq. Ft.
$437 / Sq. Ft.
4,286
Sq. Ft.
$437
per Sq. Ft.

Description

Covington fourplex producing high net operating income less than 5 miles away from Disneyland. This larger fourplex at 4,286 sq. ft. has excellent curb appeal and is all unit’s tenant occupied with the coveted “3 bedrooms owner unit” in front. Each other unit comes with a spacious 2 bedrooms offering unique layouts including private yard patios, balcony, and a 5th enclosed garage space for additional storage or possible ADU opportunity. Community laundry room is coin operated and owner-owned equipped...Covington fourplex producing high net operating income less than 5 miles away from Disneyland. This larger fourplex at 4,286 sq. ft. has excellent curb appeal and is all unit’s tenant occupied with the coveted “3 bedrooms owner unit” in front. Each other unit comes with a spacious 2 bedrooms offering unique layouts including private yard patios, balcony, and a 5th enclosed garage space for additional storage or possible ADU opportunity. Community laundry room is coin operated and owner-owned equipped with 3 washers and 2 dryers for both additional monthly income and amenity convenience onsite. Built in 1966 with a lot size over 8,200 sq. ft. all units have their own separate meters for gas and electricity helping keep operating expenses low. Great location in arguably the best rental market in North Orange County, Anaheim is near everything a tenant could want including Cal State Fullerton, Angel Stadium, Honda Center, Downtown Disney, Packing District, Farmer’s Market, and much more. Perfect for commuters going as they please with easy access to Freeways 57 and 91. Property is a prime asset for any investor’s portfolio with enjoyable long-term upsides.
  1. Listed by Albert Gomez • DRE #01919800 • Brokerage DRE #01886242 • T.N.G. Real Estate Consultants • 714-866-2615

Property Details for 1556 East Benmore Lane

Architectural Style
Mid Century Modern
Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4286

Location

Listing Courtesy of T.N.G. Real Estate Consultants, Albert Gomez, DRE #01919800
Add your commute
LISTING UPDATED: 05/01/2024 12:49 PM

Property Details for 1556 East Benmore Lane

StatusActive
MLS #PW24005996
Days on Market82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.19 AC / 8,276 SF
CountyOrange County

Location

Listing Courtesy of T.N.G. Real Estate Consultants, Albert Gomez, DRE #01919800
Add your commute

Building Information for 1556 East Benmore Lane

Stories2Residences-Year Built1966Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$11,610 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,233

Property Taxes

$1,377

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1556 East Benmore Lane

Income / Expense / Tax Details
Income Details
  • Gross Income: $2,500
  • Gross Scheduled Income: $129,700
  • Vacancy Allowance: 3816
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $125,884
  • Net Operating Income: $96,724
  • Laundry Income: $2,500
  • Other Income Description: Estimated laundry 12mo. income
  • Gross Multiplier: 14.46
  • Cap Rate: 5.16
Expense Details
  • Operating Expense: $29,160
  • Operating Expense Percent: 22.48%
  • New Taxes Expense: $20,967
  • Gardener Expense: $840
  • Fuel Expense: $188
  • Insurance Expense: $1,800
  • Maintenance Expense: $1,200
  • Other Expense: $1,080
  • Other Expense Description: DP & PC
  • Trash Expense: $0
  • Water Sewer Expense: $3,085
  • Total Expenses: $29,160
Tax / Assessment Info
  • Tax Tract Number: 5268
  • Tax Census Tract: 116.02
  • CFD/Mello-Roos Fee: $1,035
  • Tax Lot: 8
Community / Development
Community / Development
  • Accessibility Features: No Interior Steps
  • Disability Access: No Interior Steps
  • Community Features: Curbs, Street Lights
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate, Tile
Exterior Features
  • Window Features: Double Pane Windows, Screens
  • Security Features: Closed Circuit Camera(s)
  • Construction Materials: Concrete, Frame, Glass, Stucco, Wood Siding
  • Exterior Construction: Concrete, Frame, Glass, Stucco, Wood Siding
  • Exterior: Stucco, Wood
  • Exterior Features: Satellite Dish
  • Roof: Composition, Shingle
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lawn, Level with Street, Rectangular Lot, Sprinklers In Front
  • Direction Faces: North
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear
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: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3000
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3000
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • 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 1556 East Benmore Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1556 East Benmore Lane

Taxable ValueLand$1,290,972Additions$165,588Total$1,456,560
Tax Record2023$16,519 ($1,377 / month)
Home Facts
Total Finished SqFt4,287 SqFtAbove Grade Finished SqFt4,287 SqFtStories2Lot Size8,201 SqFtStyleQuadraplexYear Built1966CountyORANGEAPN073-562-24

Schools near 1556 East Benmore Lane

This home is within Placentia-Yorba Linda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John O. Tynes Elementary School
PublicK to 6

Kraemer Middle School
Public7 to 8

Valencia High School
Public9 to 12

El Camino Real Continuation High School
Public9 to 12

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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1556 East Benmore Lane is a multi-family home for sale in Anaheim, CA 92805. This property was listed for sale on January 31, 2024 by T.N.G. Real Estate Consultants, it's currently listed at $1,875,000. It has been on the market for a total of 82 days and was last sold on June 23, 2021. This listing's school district is Placentia-Yorba Linda Unified School District. Nearby schools include John O. Tynes Elementary School, Kraemer Middle School and Valencia High School. 1556 East Benmore Lane is a 9-bed, 7-bath, 4,286 sqft multi-family home built in 1966.

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 T.N.G. Real Estate Consultants, Albert Gomez, DRE #01919800

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.