2134 S Acama ST Active Save Request In-Person Tour Request Virtual Tour
Anaheim,CA 92802
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Holiday Harbor Iii Hoa
MLS Listing ID PW25198911
HOA Fees $735/mo
Year Built 1964
Annual Tax Amount $4,730
Tax Year 2024
Lot Size 2,443 Sqft
Property Sub-Type Quadruplex
Property Description
2134 Acama St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. ------MANAGEMENT RESPONSIBILITIES-----The owner's management responsibilities are minimized because the Homeowners Association manages and pays for all the following: insurance, daily grounds clean-up and inspections, landscaping, patrol service, pool service, laundry room, roofs, building painting/repairs, gates, fences, walkways, utilities, and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $735 per month. Owners of most other 4-unit buildings would have to pay much more for all those expenses. The major responsibility of the owner of this building is to collect rents. All current tenants use electronic rent payments, are never late, and, therefore, this property is ideal for someone who wants income, growth with inflation protection, and minimum time expenditure. ----GREAT INVESTMENT POTENTIAL------This location of this building ensures continued growth in value. It is one short block east of Harbor Blvd about one-half mile south of Disneyland. Within a ten-minute walk there are many major hotels, restaurants, and businesses that offer employment for residents. Proximity to employment opportunities also means increasing demand for rentals, higher rents, fewer vacancies, which results in increasing property values. Other similar 4-unit rental properties are often in areas that have stable, not increasing, demand and consequently, limited upside potential.-----GREAT CASH FLOW ------This property's Net Operating Income for the next 12 months will be about $72,480, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $72,480 the CAP rate is 5.4%. Other similar 4-unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not “Pro Forma” income) and realistic comprehensive expenses.
All two story 1 bedroom, 1.5 bath units , wall a/c units, each with patio and balcony. All units have garages with openers. Two units are in the gated common area overlooking the pool, other two face the street.
Location
State CA
County Orange
Area 78 - Anaheim East Of Harbor
Interior
Heating Ductless,Electric,Radiant
Cooling Wall/Window Unit(s)
Flooring Carpet,Laminate,Tile,Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Garage,Garage Door Opener,Off Site,On Street
Garage Spaces 4.0
Garage Description 4.0
Fence Wrought Iron
Pool Fenced,Filtered,Gunite,Heated,Association
Community Features Street Lights,Suburban,Sidewalks,Gated
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Amenities Available Insurance,Maintenance Front Yard,Pool,Pet Restrictions
View Y/N Yes
View Courtyard,Pool
Building
Lot Description Sprinkler System
Story 2
Foundation Slab
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Acceptable Financing Cash,1031 Exchange,Owner May Carry,Submit
Listing Terms Cash,1031 Exchange,Owner May Carry,Submit
Special Listing Condition Standard