1623 South Walnut Street

Anaheim, CA 92802

$3,600,000
Last Sold Price
3
Beds
16
Baths
10,008 Sq. Ft.
$360 / Sq. Ft.
10,008
Sq. Ft.
$360
per Sq. Ft.

Description

Welcome to 1623 and 1629 Walnut St, Anaheim A highly sought-after 16-unit apartment building located just steps away from the magical wonders of Disneyland, right in the heart of Anaheim! This exceptional property, boasting two 8 unit buildings in a prime location directly behind Downtown Disneyland, presents a unique investment opportunity for astute buyers looking to capitalize on both location and value add potential. This property is being offered for the first time in 47 years. Consisting of...Welcome to 1623 and 1629 Walnut St, Anaheim A highly sought-after 16-unit apartment building located just steps away from the magical wonders of Disneyland, right in the heart of Anaheim! This exceptional property, boasting two 8 unit buildings in a prime location directly behind Downtown Disneyland, presents a unique investment opportunity for astute buyers looking to capitalize on both location and value add potential. This property is being offered for the first time in 47 years. Consisting of 16 spacious one-bedroom, one-bathroom units, each designed to provide comfort and convenience to its residents, this apartment building offers a wonderful rental income potential in a thriving rental market. One of the standout features of this property is the 16 convenient carports, providing ample parking space for residents and ensuring ease of access. The location couldn't be more ideal for residents and investors alike. Situated in the heart of Anaheim, just a stone's throw away from Downtown Disneyland, residents will enjoy the convenience of being able to walk to the vibrant entertainment district with its countless restaurants, shops, and attractions. Additionally, the property is nestled in a prime rental market, offering immense value-add potential. With Anaheim experiencing consistent growth and a strong demand for housing, savvy investors can take advantage of the current market conditions to enhance the property's value and maximize rental income. Renovations, upgrades, and modern amenities could be added to increase overall cash flow. Whether you are an investor looking to expand your portfolio or a discerning buyer seeking an income-generating property in an exceptional location, this 16-unit apartment building presents an extraordinary opportunity. Don't miss out on this rare gem in the heart of Anaheim's prime rental market with its remarkable proximity to Disneyland. Seize the chance to make your mark and unlock the true potential of this property.
  1. Listed by Jerry Jervis • DRE #01185627 • Brokerage DRE #00745605 • Seven Gables Real Estate • 714-944-9840
  2. Listed by Michael Hickman • DRE #01410360 • Brokerage DRE #00745605 • Seven Gables Real Estate

Property Details for 1623 South Walnut Street

Parking Spaces Total
16
Private Pool
No
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10008
Assessor Parcel Number
129-332-09
Property Attached YN
true

Location

Listing Courtesy of Seven Gables Real Estate, Jerry Jervis, DRE #01185627; Seven Gables Real Estate, Michael Hickman, DRE #01410360

Sold By Outside Office, Outside Agent, DRE #0

Add your commute
LISTING UPDATED: 02/01/2024 03:13 AM

Property Details for 1623 South Walnut Street

StatusClosed
MLS #PW23096662
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyOrange County

Location

Listing Courtesy of Seven Gables Real Estate, Jerry Jervis, DRE #01185627; Seven Gables Real Estate, Michael Hickman, DRE #01410360

Sold By Outside Office, Outside Agent, DRE #0

Add your commute

Building Information for 1623 South Walnut Street

Building/Complex1623 S Walnut StFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-

Payment Calculator

$19,993 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

$346

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1623 South Walnut Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $211,725
  • Gross Scheduled Income: $221,664
  • Net Operating Income: $141,829
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $79,835
  • New Taxes Expense: $45,360
  • Gardener Expense: $1,995
  • Fuel Expense: $4,206
  • Licenses Expense: $115
  • Electric Expense: $2,450
  • Insurance Expense: $7,070
  • Professional Management Expense: $0
  • Other Expense: $5,137
  • Other Expense Description: Repairs
  • Trash Expense: $2,000
  • Water Sewer Expense: $10,000
  • Total Expenses: $79,835
Tax / Assessment Info
  • Tax Tract Number: 3278
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
Exterior Features
  • Entry Location: Ground and Upstairs
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 12933210
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 16
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 13
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $14,742
  • Unit Type Total Rent: $14,742
  • Unit Type Pro Forma: 23400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,230
  • Unit Type Total Rent: $1,230
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 16
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 2

Property History for 1623 South Walnut 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 1623 South Walnut Street

Taxable ValueLand$62,340Additions$128,999Total$191,339
Tax Record2023$4,158 ($346 / month)
Home Facts
Total Finished SqFt5,004 SqFtAbove Grade Finished SqFt5,004 SqFtStories2Lot Size9,487 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyORANGEAPN129-332-09

Schools near 1623 South Walnut 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
Public - 7 to 12
Rating
School
Distance
Ross (Betsy) Elementary School
PublicK to 6

Ball Junior High School
Public7 to 8

Loara High School
Public9 to 12

Cambridge Virtual Academy at Polaris
Public7 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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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 Seven Gables Real Estate, Jerry Jervis, DRE #01185627; Seven Gables Real Estate, Michael Hickman, DRE #01410360

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.