314 Pearson Avenue

314 Pearson Avenue

Anaheim, CA 92802

$6,200,000
Price
3
Beds
20
Baths
15,600 Sq. Ft.
$397 / Sq. Ft.
15,600
Sq. Ft.
$397
per Sq. Ft.
a view of a house with a yard and pathway
a front view of a house with a yard and outdoor seating
a front view of a house with a garden
a view of a house with brick walls and flower plants
a front view of a house with a yard
a view of outdoor space with entertaining space
a backyard of a house with outdoor seating
a view of a garden with a pathway
a view of a garden with a fountain
a view of a house with large trees and stairs
a view of a garden with plants
a front view of a building with a garden
a room with a washer and dryer
a car parked in front of a house

Description

Pearson Gardens is a well-maintained and professionally managed asset with an excellent unit mix at an attractive cap rate. The property is a garden style two-story walk-up with polished landscaping and strong curb appeal, along with a gated walk-in entry, well-kept interior courtyard, clean on-site laundry room, and barbecue area. This twenty-unit multifamily complex consists of eight 1-bed 1-bath units and twelve 2-bed 1-bath units, some of which have private patios. All units are separately metered...Pearson Gardens is a well-maintained and professionally managed asset with an excellent unit mix at an attractive cap rate. The property is a garden style two-story walk-up with polished landscaping and strong curb appeal, along with a gated walk-in entry, well-kept interior courtyard, clean on-site laundry room, and barbecue area. This twenty-unit multifamily complex consists of eight 1-bed 1-bath units and twelve 2-bed 1-bath units, some of which have private patios. All units are separately metered for gas and electricity. Over the last 28 months, fourteen units (11 full and 3 partial) have undergone extensive renovations ranging from all new flooring, bathrooms, kitchens, ceilings, fixtures, light switches and outlets, ceiling fans, and new paint. In addition, new dual glazed windows were installed in all the units along with other improvements including new exterior sign package, exterior stucco and paint, and landscaping. There is also private garage parking, assigned parking spaces, and permitted parking spaces on the street. Current Ownership have final plans for 4 ADU’s, which can be shared with a Buyer. Pearson Gardens is rated “very walkable”, with a walking score of 76. The property is located across the street from Ponderosa Park Family Resource Center, Ponderosa Elementary School, and Ponderosa Park. Conveniently located right off the CA-5 Freeway, it also has excellent access to all of Orange County. Just over one mile is UCI Medical Center, Platinum Triangle, Anaheim Convention Center, Anaheim Business & Industrial Park, Anaheim GardenWalk, Angel Stadium, The Outlets at Orange, and Honda Center. Just over 2 miles is Anaheim Regional Transportation Intermodal Center (ARTIC), Disneyland Resort, and Disney California Adventure Park. Within 4 miles is Children’s Health of Orange County (CHOC Main Campus – Orange), along with all schools within Anaheim City School District and Anaheim Union High School District, making this location great to access major retail, educational, and employment opportunities.
  1. Listed by Mark Bridge • DRE #01316702 • Brokerage DRE #01316702 • Mark Bridge, Broker • Mark.Bridge@cushwake.com

Property Details for 314 Pearson Avenue

Parking Spaces Total
22
Private Pool
No
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
15600
Assessor Parcel Number
137-332-12
Property Attached YN
true

Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702
Add your commute
LISTING UPDATED: 04/02/2024 10:13 AM

Property Details for 314 Pearson Avenue

StatusActive
MLS #OC24065210
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1962
Lot Size0.59 AC / 25,700 SF
CountyOrange County

Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702
Add your commute

Building Information for 314 Pearson Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.59 AC / 25,700 SF

Payment Calculator

$37,256 per month

30 year fixed, 7.25% Interest

Principal and Interest

$33,836

Property Taxes

$3,420

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 314 Pearson Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $484,760
  • Gross Scheduled Income: $484,760
  • Gross Spendable Income: $330,788
  • Vacancy Allowance: 14543
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $488,817
  • Net Operating Income: $330,788
  • Garage Income: $12,000
  • Laundry Income: $6,600
  • Gross Multiplier: 12.79
  • Cap Rate: 5.34
Expense Details
  • Operating Expense: $158,029
  • New Taxes Expense: $68,121
  • Gardener Expense: $3,000
  • Fuel Expense: $9,970
  • Pest Control Expense: $1,188
  • Electric Expense: $5,978
  • Insurance Expense: $11,000
  • Maintenance Expense: $10,000
  • Professional Management Expense: $14,543
  • Workmans Compensation Expense: $14,340
  • Other Expense: $13,116
  • Other Expense Description: Misc
  • Trash Expense: $0
  • Water Sewer Expense: $6,772
  • Total Expenses: $158,029
Tax / Assessment Info
  • Tax Tract Number: 3611
  • Tax Census Tract: 875.04
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Gas Range, Range Hood, Water Heater Central
  • Equipment: Community
  • Interior Features: Ceiling Fan(s), Quartz Counters
  • Water Heater Features: Central Water Heater
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Vinyl
Exterior Features
  • Entry Location: First
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 20
  • Parking: Yes
  • Parking Garage: Assigned, Garage
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 20
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,826
  • Unit Type Total Rent: $14,608
  • Unit Type Pro Forma: 15400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 12
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,149
  • Unit Type Total Rent: $25,788
  • Unit Type Pro Forma: 28200
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 20
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number With Range: 20
  • Number With Disposal: 20

Property History for 314 Pearson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 314 Pearson Avenue

Taxable ValueLand$2,238,699Additions$1,030,974Total$3,269,673
Tax Record2023$41,041 ($3,420 / month)
Home Facts
Total Finished SqFt15,603 SqFtAbove Grade Finished SqFt15,603 SqFtStories2Lot Size24,684 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyORANGEAPN137-332-12

Schools near 314 Pearson Avenue

This home is within Anaheim Union High School District.
Rating
School
Type
Grades
Distance
Ponderosa Elementary School
Public - K to 6
South Junior High School
Public - 7 to 8
Katella High School
Public - 9 to 12
Cambridge Virtual Academy at Polaris
Public - 7 to 12
Rating
School
Distance
Ponderosa Elementary School
PublicK to 6

South Junior High School
Public7 to 8

Katella 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near East Anaheim

Neighborhoods

Cities

ZIPs

More information about 314 Pearson Avenue, Anaheim, CA 92802

314 Pearson Avenue is a mixed use property for sale in Anaheim, CA 92802. This property was listed for sale on April 2, 2024 by Mark Bridge, Broker, it's currently listed at $6,200,000. It has been on the market for a total of 27 days and was last sold on January 30, 2014. This listing's school districts are Anaheim Union High School District, Anaheim Elementary School District. Nearby schools include Ponderosa Elementary School, South Junior High School and Katella High School. 314 Pearson Avenue is a 3-bed, 20-bath, 15,600 sqft mixed use property built in 1962.

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 Mark Bridge, Broker, Mark Bridge, DRE #01316702

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.