536-539 North Anna Drive

Anaheim, CA 92805

$7,050,000
Last Sold Price
8
Beds
28
Baths
17,500 Sq. Ft.
$403 / Sq. Ft.
17,500
Sq. Ft.
$403
per Sq. Ft.

Description

Palm Vista Apartment Homes is a twenty-eight unit multifamily complex located in Anaheim, California. Built in 1960 & 1964 the two parcels consist of 20 - 1 bed / 1 bath and 8 - 2 bed / 1 bath units. Both assets are well maintained and have beautifully landscaped grounds with flowers, plants and clean-cut grass. Open Parking and 28 Garages are available for tenants, which is a nice amenity in the densely populated city and on-site laundry is also provided for the residents. All twenty-eight units...Palm Vista Apartment Homes is a twenty-eight unit multifamily complex located in Anaheim, California. Built in 1960 & 1964 the two parcels consist of 20 - 1 bed / 1 bath and 8 - 2 bed / 1 bath units. Both assets are well maintained and have beautifully landscaped grounds with flowers, plants and clean-cut grass. Open Parking and 28 Garages are available for tenants, which is a nice amenity in the densely populated city and on-site laundry is also provided for the residents. All twenty-eight units have received some type of interior upgrades and exterior renovations include new gas lines to meters, carport roofs, and garage doors. This property is in a good central Anaheim location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community in a premier location within the city. Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a great neighborhood near a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth.
  1. Listed by Mark Bridge • DRE #01316702 • Brokerage DRE #01316702 • Mark Bridge, Broker

Property Details for 536-539 North Anna Drive

Parking Spaces Total
33
Private Pool
No
Total Units
28.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
17500
Assessor Parcel Number
073-183-09
Property Attached YN
true

Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Sold By Apartment Consultants, Inc., Matt Hoyt, DRE #01305294

Add your commute
LISTING UPDATED: 02/22/2021 12:52 AM

Property Details for 536-539 North Anna Drive

StatusClosed
MLS #OC20203375
Days on Market77
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.68 AC / 29,620 SF
CountyOrange County

Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Sold By Apartment Consultants, Inc., Matt Hoyt, DRE #01305294

Add your commute

Building Information for 536-539 North Anna Drive

Stories2Residences-Year Built1960Building Size-Lot Size0.68 AC / 29,620 SF

Payment Calculator

$38,475 per month

30 year fixed, 7.25% Interest

Principal and Interest

$38,475

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 536-539 North Anna Drive

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Telephone, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $494,791
  • Gross Scheduled Income: $498,960
  • Gross Spendable Income: $334,458
  • Vacancy Allowance: 14969
  • Gross Operating Income: $494,791
  • Net Operating Income: $334,458
  • Laundry Income: $900
  • Gross Multiplier: 14.56
  • Cap Rate: 4.51
  • Current Financing: Conventional
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $160,333
  • New Taxes Expense: $90,338
  • Gardener Expense: $1,200
  • Fuel Expense: $3,600
  • Pest Control Expense: $1,200
  • Electric Expense: $3,600
  • Insurance Expense: $5,500
  • Maintenance Expense: $14,000
  • Professional Management Expense: $30,800
  • Trash Expense: $0
  • Water Sewer Expense: $9,000
  • Total Expenses: $160,333
Tax / Assessment Info
  • Tax Tract Number: 182
  • Tax Census Tract: 864.05
  • Tax Lot: 073
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood, Water Heater Central
  • Equipment: Community
  • Water Heater Features: Central Water Heater, Gas
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Heating: Wall Furnace
  • Flooring: Carpet, Vinyl, Wood
Exterior Features
  • Roof: Composition
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Additional Parcels Description: 073-182-15
  • Lot Features: 26-30 Units/Acre
  • Number Of Units: 28
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 28
  • Parking: Yes
  • Parking Garage: Assigned, Garage
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 28
  • Carport Spaces: 0
  • Parking Features: Assigned, Covered, Paved, Garage
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
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: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 17
  • 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: $1,395
  • Unit Type Total Rent: $23,715
  • Unit Type Pro Forma: 1495
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 3
Unit 4
  • 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: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 7
  • 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: $1,695
  • Unit Type Total Rent: $11,865
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • 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: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 28
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 30
  • Number Of Separate Gas Meters: 30
  • Number Of Separate Water Meters: 2
  • Number With Range: 28
  • Number With Disposal: 28

Schools near 536-539 North Anna 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
Charter - K to 6
Rating
School
Distance
Sunkist 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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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.