3509 West Del Monte Drive

Anaheim, CA 92804

$3,050,000
Price
8
Beds
13
Baths
8,317 Sq. Ft.
$367 / Sq. Ft.
8,317
Sq. Ft.
$367
per Sq. Ft.

Description

3509 West Del Monte Drive is an 8-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting of 1, one-bedroom unit, 6, two-bedroom units, and 1, three-bedroom unit. Amenities at 3509 West Del Monte Drive include gated pedestrian access that leads to a central courtyard, private patios or balconies, ample garage parking, and an on-site laundry facility. 3509 West Del Monte Drive is located within walking distance of Cypress College,...3509 West Del Monte Drive is an 8-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting of 1, one-bedroom unit, 6, two-bedroom units, and 1, three-bedroom unit. Amenities at 3509 West Del Monte Drive include gated pedestrian access that leads to a central courtyard, private patios or balconies, ample garage parking, and an on-site laundry facility. 3509 West Del Monte Drive is located within walking distance of Cypress College, a public community college that boasts an annual enrollment of approximately 16,000 students and employs approximately 900 faculty and staff. As Cypress College does not offer campus housing, the property has the unique opportunity to attract students looking for easy access to campus. The property also benefits from its close proximity to Knott’s Berry Farm, one of Orange County’s top attractions and employers. Furthermore, the property is located within 2 miles from Buena Park Downtown, an enclosed shopping mall that offers over 925,000 square feet of retail space.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086

Property Details for 3509 West Del Monte Drive

Parking Spaces Total
10
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
8317
Assessor Parcel Number
134-072-65
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute
LISTING UPDATED: 03/18/2024 10:33 AM

Property Details for 3509 West Del Monte Drive

StatusActive
MLS #OC24050250
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute

Building Information for 3509 West Del Monte Drive

Building/Complex3509 W Del Monte DrFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Payment Calculator

$18,840 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,645

Property Taxes

$2,195

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3509 West Del Monte Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $220,140
  • Gross Scheduled Income: $220,140
  • Vacancy Allowance: 6604
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $213,536
  • Net Operating Income: $150,268
  • Gross Multiplier: 13.85
  • Cap Rate: 4.93
Expense Details
  • Operating Expense: $63,268
  • New Taxes Expense: $33,612
  • Fuel Expense: $2,600
  • Electric Expense: $2,600
  • Insurance Expense: $4,800
  • Maintenance Expense: $5,600
  • Professional Management Expense: $0
  • Other Expense: $8,856
  • Other Expense Description: Misc
  • Trash Expense: $2,600
  • Water Sewer Expense: $2,600
  • Total Expenses: $63,268
Tax / Assessment Info
  • Tax Tract Number: 5403
  • Tax Census Tract: 1102.02
  • CFD/Mello-Roos Fee: $2,056
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,629
  • Unit Type Total Rent: $1,629
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • 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: $4,650
  • Unit Type Total Rent: $4,650
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • 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: $8,566
  • Unit Type Total Rent: $8,566
  • Unit Type Pro Forma: 10400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 7
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 3509 West Del Monte Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3509 West Del Monte Drive

Taxable ValueLand$1,927,240Additions$275,907Total$2,203,147
Tax Record2023$26,335 ($2,195 / month)
Home Facts
Total Finished SqFt8,317 SqFtAbove Grade Finished SqFt8,317 SqFtStories2Lot Size11,986 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyORANGEAPN134-072-65

Schools near 3509 West Del Monte Drive

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
San Marino Elementary School
PublicK to 6

Orangeview Junior High School
Public7 to 8

Western High School
Public9 to 12

Oxford Academy
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.

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3509 West Del Monte Drive is a multi-family home for sale in Anaheim, CA 92804. This property was listed for sale on March 12, 2024 by Marcus & Millichap RE Invest, it's currently listed at $3,050,000. It has been on the market for a total of 51 days and was last sold on April 7, 2017. This listing's school districts are Anaheim Union High School District, Centralia Elementary School District. Nearby schools include San Marino Elementary School, Orangeview Junior High School and Western High School. 3509 West Del Monte Drive is a 8-bed, 13-bath, 8,317 sqft multi-family home built in 1964.

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 Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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.