927 S Bruce Street
Anaheim, CA, 92804
$3,700,000
Beds
0 Baths
SqFt
0.58 Acres
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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
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Garage Spaces
16.00
Lot Features
Rectangular Lot
Parking Spots
28.00
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None
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Stories Total
1
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927 S Bruce Street
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