CA > Anaheim
Anaheim, CA 92805,208 S Illinois
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Anaheim, CA 92805,208 S Illinois
Anaheim, CA 92805,208 S Illinois
Anaheim, CA 92805,208 S Illinois
Anaheim, CA 92805,208 S Illinois
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Alex Duarte

Alex Duarte

+1(714) 373-6828
$ 1,350,000
Est. payment /mo
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208 S Illinois Anaheim, CA 92805

7,749 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25240630

HOA Y/N No

Year Built 1949

Annual Tax Amount $15,340

Lot Size 7,749 Sqft

Property Sub-Type Apartment

Property Description

Below Market Rents = Significant Rent Growth Opportunity. Updated units in the area command substantially higher rents than current in-place leases. With selective renovations (kitchens, baths, flooring, paint, windows), rents can be increased several hundred dollars per unit per month, dramatically improving cash flow and property value. Making this property well over a 5.5% CAP on market rents. Front triplex + detached rear unit appeals to a wide range of tenants. Rear unit could command a premium (privacy, standalone structure). Potential for long-term hold, cash flow, or future redevelopment. Current rents are well below market. Immediate upside through interior renovations and bringing rents to market levels. Additional potential through exterior cosmetic improvements, utility bill-backs (RUBS), and improved management.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry None

Exterior

Parking Features None

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs

Total Parking Spaces 6

Private Pool No

Building

Lot Description Near Public Transit

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 03611223

Energy Description 450.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Lease Land No

CRMLS – RECore
Listed by Ryan Anderson R L M Equities 949-290-0199
Alex Duarte

Alex Duarte

Owner | i01970077

+1(714) 373-6828

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