1767 West Sumac Lane

Anaheim, CA 92804

$4,880,000
Price
3
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 1767 West Sumac Lane

StatusActive
MLS #OC19161721
Year Built1959
DOM124
Compass TypeTownhouse
MLS TypeResidential Income
Lot Size0.52 AC / 22,651 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyOrange County

Listing Agent

Sheil Stampwala

Marcus & Millichap RE Invest

sstampwala@marcusmillichap.com

P: 949.419.3281

M: 714.397.5539

DRE #01859094

Contact Agent(s)

Property Details for 1767 West Sumac Lane

Parking Spaces Total
18
Private Pool
No

Description

1767 w. Sumac Lane, an eighteen unit multifamily property located in the City of Anaheim, California. Situated on a 22,895 SF lot, the property consists of four two-bedroom / one-bath style units and fourteen one-bedroom / one-bath style units. Built in 1959, the property has nice curb appeal with plants, trees, and grass int he front. A spacious newly concreted interior courtyard is located within the property. Each unit is individually metered for gas and electric and includes garage space located... in the alley. The property within the last 24 months has gone through significant renovations by the current ownership. 16 of the 18 units have been renovated. 16 of the units have gone thorough some sort of rehab which includes some sort of kitchen cabinets, granite counter tops, bathrooms, or flooring. 13 of the 18 units have been fully rehabbed with new cabinets, and granite counter tops. All work was completed by licensed contractors with invoices on hand. This asset provides a new investor to acquire a performing low maintenance property with stable in place rents. Seller is motivated bring all offers

Location

Listing Courtesy of Marcus & Millichap RE Invest, Sheil Stampwala, DRE #01859094

Building Information for 1767 West Sumac Lane

Stories2Residences-Year Built1959Building Size-Lot Size0.52 AC / 22,651 SF

Payment Calculator

$17,553 per month

30 year fixed, 3.51% Interest

Principal and Interest

$17,553

Property Taxes

HOA Dues

$0

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Property Information for 1767 West Sumac Lane

Property Features
    Interior Features
  • Common Walls: 2+ Common Walls
  • Laundry: Yes
  • Laundry Features: Common Area
  • Levels: Two
    Exterior Features
  • Pool Features: None
    Parking Info
  • Garage Spaces: 18
  • Parking Features: Garage - Two Door, Street
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Parcel Number: 12854204
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 1959
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 12002
  • Building Area Units: Square Feet
Community/Development / Location Info
    School/Location Info
  • County Or Parish: Orange
  • Directions: 5 FWY, EXIT KATELLA HEAD WEST RIGHT ON S. HUMOR DR
  • MLS Area Major: Anaheim West of Harbor (79)
    Association Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
  • Subdivision Name: Other (OTHR)
  • Subdivision Name Other: NONE
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 876.02
  • Tax Lot: 4
  • Tax Tract Number: 3258
  • Zoning: R3
    Income Details
  • Gross Income: $2,200
  • Gross Scheduled Income: $306,960
  • Laundry Income: $2,200
  • Net Operating Income: $178,226
  • Vacancy Allowance Rate: 3
    Expense Details
  • Electric Expense: $972
  • Fuel Expense: $3,446
  • Insurance Expense: $4,162
  • Maintenance Expense: $9,000
  • New Taxes Expense: $60,547
  • Operating Expense: $121,723
  • Professional Management Expense: $11,996
  • Total Expenses: $121,723
  • Trash Expense: $0
  • Water Sewer Expense: $2,894
Unit Information
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: No
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Acres: .52
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 22651
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 1767 West Sumac Lane

DateEvent & SourcePriceAppreciation
Aug 29, 2019Price Change

CRMLS #OC19161721

$4,880,000
Jul 8, 2019Listed (Active)

SDMLS #OC19161721

$4,999,999
Jul 8, 2019Listed (Active)

CRMLS #OC19161721

$4,999,999
DateEvent & SourcePrice
08/29/2019
Price Change

CRMLS #OC19161721

$4,880,000
07/08/2019
Listed (Active)

SDMLS #OC19161721

$4,999,999
07/08/2019
Listed (Active)

CRMLS #OC19161721

$4,999,999

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

Public Records for 1767 West Sumac Lane

Taxable ValueLand$3,000,000Additions$1,000,000Total$4,000,000
Tax Record2018$49,299
Home Facts
Finished Sq.Ft.11,996 SqFtLot Size22,560 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959CountyORANGEAPN12854204

Schools near 1767 West Sumac Lane

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Loara High SchoolPublic9-120.4 mi
4
Madison (James) Elementary SchoolPublicK-60.4 mi
3
Sovereign Grace AcademyPrivate1-120.6 mi
NR
Polaris High (Alternative) SchoolPublic7-120.9 mi
1

Loara High School

9-12, 0.4 mi, Public

4

Madison (James) Elementary School

K-6, 0.4 mi, Public

3

Sovereign Grace Academy

1-12, 0.6 mi, Private

NR

Polaris High (Alternative) School

7-12, 0.9 mi, Public

1

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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1767 West Sumac Lane is a townhouse for sale in Anaheim, CA 92804. This property was listed for sale on July 8, 2019 by Marcus & Millichap RE Invest at $4,880,000. It has been on the market for a total of 127 days and was last sold on November 30, 2017. Nearby schools include Oxford Academy, Ball Junior High School and Hope. 1767 West Sumac Lane is a 3-bed, 2-bath, townhouse built in 1959.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Marcus & Millichap RE Invest, Sheil Stampwala, DRE #01859094
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