We are pleased to offer the opportunity to acquire 924 South Arden Place, a 10-unit apartment building nestled in the heart of Anaheim. Constructed in 1960, this 8,640 SqFt building sits on a large corner lot featuring a great unit mix of eight (8) one-bedroom/one-bathroom units, and two (2) two-bedroom/two-bathroom units which caters to a diverse tenant base. One of its standout features is the abundance of on-site parking which includes six (6) double-car garages situated at the rear of the building, and featuring an on-site laundry facility for additional income and convenience. This is an incredible opportunity for an investor to capitalize on the 30% rental upside potential by executing a strategic renovation plan to substantially boost net income. With this rare buying opportunity, an investor will enjoy a healthy rental income year 1, the ability to capture the significant upside potential, and take advantage of the fundamentals fueling the rental neighborhood of Anaheim for years to come.
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Updated: 10th December, 2023 7:43 AM (UTC)
Listing Agent: Kamfar Kyle Mirrafati
Listing Office: Matthews Real Estate Investment Services