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    1215 N Dresden Place

    Anaheim, CA 92801
    • $2,850,000
    • STATUS: Active
    • ON SITE: 198 days
    • MLS #: PW20131935
    UPDATED: 58 min ago
    $2,850,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,680
      SQFT
    • $371
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    The Dresden Court Apartments has been under longterm ownership with professional management for over 20 years. The owners have thoroughly maintained and upgraded the property as needed throughout the years, including; roof, new plumbing, garage doors, and interior upgrades. The Dresden Court Apartments offer an astute investor the opportunity to purchase an income producing property with extremely strong rents in place and the potential to achieve a 5.7% cap rates with a legal rent increase.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T20:30:19.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/107555451
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    1215 N Dresden Place Anaheim, CA 92801

    • Price: $2,850,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: PW20131935
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    7,680
    SQFT
    $371
    $/SQFT
    1961
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    The Dresden Court Apartments has been under longterm ownership with professional management for over 20 years. The owners have thoroughly maintained and upgraded the property as needed throughout the years, including; roof, new plumbing, garage doors, and interior upgrades. The Dresden Court Apartments offer an astute investor the opportunity to purchase an income producing property with extremely strong rents in place and the potential to achieve a 5.7% cap rates with a legal rent increase.
    Exterior Features

    Garage Spaces 12.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.90 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 201657.00 Gross Multiplier 13.66 Gross Scheduled Income 208665.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 139186.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Operating Expense 59046.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 59046.00 Trash Expense 0.00 Vacancy Allowance 10433 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning R-3

    Listing provided courtesy of Gary Tolfa of Triqor Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T20:30:19.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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