401-407 North Bush Street

Anaheim, CA 92805

$4,300,000
Last Sold Price
2
Beds
16
Baths
12,847 Sq. Ft.
$335 / Sq. Ft.
12,847
Sq. Ft.
$335
per Sq. Ft.

Description

Pleased to present the opportunity to acquire El Oasis Apartments on Bush Street, a 16-unit apartment complex located in Anaheim. Built in 1962, the property consists of two adjacent parcels consisting of 8 units each. Each parcel offers 2 bedroom units. In addition, the property offers 20 garage parking spaces, plenty of open parking and a nice a courtyard. The El Oasis Apartments on Bush Street offers an opportunity to purchase a well-maintained property with over 25% rental upside and over a 5.3%...Pleased to present the opportunity to acquire El Oasis Apartments on Bush Street, a 16-unit apartment complex located in Anaheim. Built in 1962, the property consists of two adjacent parcels consisting of 8 units each. Each parcel offers 2 bedroom units. In addition, the property offers 20 garage parking spaces, plenty of open parking and a nice a courtyard. The El Oasis Apartments on Bush Street offers an opportunity to purchase a well-maintained property with over 25% rental upside and over a 5.3% market cap.
  1. Listed by Gary Tolfa • DRE #00955403 • Brokerage DRE #01921625 • Triqor Group

Property Details for 401-407 North Bush Street

Parking Spaces Total
34
Private Pool
No
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12847
Assessor Parcel Number
035-222-17
Property Attached YN
true

Location

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403

Sold By Triqor Group, Gary Tolfa, DRE #00955403

Add your commute
LISTING UPDATED: 11/06/2020 05:27 AM

Property Details for 401-407 North Bush Street

StatusClosed
MLS #PW20206681
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.50 AC / 21,671 SF
CountyOrange County

Location

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403

Sold By Triqor Group, Gary Tolfa, DRE #00955403

Add your commute

Building Information for 401-407 North Bush Street

Stories2Residences-Year Built1962Building Size-Lot Size0.50 AC / 21,671 SF

Payment Calculator

$23,467 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,467

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 401-407 North Bush Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $271,500
  • Gross Scheduled Income: $271,500
  • Vacancy Allowance: 8145
  • Gross Operating Income: $263,355
  • Net Operating Income: $167,518
  • Gross Multiplier: 16.39
  • Cap Rate: 3.8
  • Financing: Conventional
Expense Details
  • Operating Expense: $95,837
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $95,837
Tax / Assessment Info
  • Tax Tract Number: 2723
  • Tax Census Tract: 873.00
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 03522218
  • Lot Features: Landscaped
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 20
  • Uncovered Spaces: 14
  • Open Other Spaces Total: 14
  • Parking Garage Spaces: 20
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 20
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,389
  • Unit Type Total Rent: $22,225
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 0

Schools near 401-407 North Bush 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
Charter - K to 6
Rating
School
Distance
Ross (Betsy) Elementary School
PublicK to 6

Sycamore Junior High School
Public7 to 8

Anaheim High School
Public9 to 12

Vibrant Minds Charter
CharterK to 6

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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Similar Sold 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 Triqor Group, Gary Tolfa, DRE #00955403

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.