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$1,350,000

Est. payment - /mo

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2,443 Sqft Lot

Price Dropped by $150K

2134 S Acama ST Anaheim, CA 92802

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Shirin Kheshti

shirin@thesdhome.com +1(858) 750-5753

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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

HOA Y/N Yes

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

Interior Features Balcony, All Bedrooms Up

Heating Ductless, Electric, Radiant

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Electric Range, Electric Water Heater, Disposal

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

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description Sprinkler System

Story 2

Entry Level Two

Foundation Slab

Sewer Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Others

HOA Name Holiday Harbor III

HOA Fee Include Sewer

Senior Community No

Tax ID 93017419

Security Features Gated Community

Acceptable Financing Cash, 1031 Exchange, Owner May Carry, Submit

Listing Terms Cash, 1031 Exchange, Owner May Carry, Submit

Special Listing Condition Standard

Listed by Rick Violett Investment Brokers O.C. 714-870-7870

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Shirin Kheshti

Broker Associate | License ID: 01848250

+1(858) 750-5753

2134 S Acama ST Anaheim, CA 92802

Shirin Kheshti

Key Details

Location

Interior

Exterior

Building

Others

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2134 S Acama ST