We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Don’t miss out on this outstanding investment opportunity!
Property Details
Price:
$3,700,000
MLS #:
PW24188324
Status:
Active Under Contract
Baths:
0
Address:
927 S Bruce Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
79anaheimwestofharbor
City:
Anaheim
Listed Date:
Sep 2, 2024
State:
CA
ZIP:
92804
Lot Size:
25,081 sqft / 0.58 acres (approx)
Year Built:
1959
See this Listing
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
16.00
Lot Features
Rectangular Lot
Parking Spots
28.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address927 S Bruce Street Anaheim CA
- Area79 – Anaheim West of Harbor
- CityAnaheim
- CountyOrange
- Zip Code92804
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Courtesy of Triqor Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
927 S Bruce Street
Anaheim, CA
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