1837 W Gramercy, Anaheim, CA 92801
- $1,400,000
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- SW26211639
- Year Built
- 1960
- Lot Size
- 5,663
- Acres
- 0.13
- Lot Location
- Level
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Neighborhood
- Tract 3095
Property Description
You have Arrived! Welcome to this fully occupied 4-unit investment opportunity in Anaheim offering strong in-place income with additional upside through below-market rents. The property features four 2-bedroom, 1-bath units with an estimated cap rate of approximately 4.5%–5.0% depending on final purchase price and verified operating expenses. Tenants pay their own separately metered gas and electricity, while the owner currently pays water and trash. Each unit has its own water heater, gas stove, and wall heater, with several heating units updated in recent years. The property has also benefited from recent improvements including a newer roof, exterior paint, stairs, and flooring. Professionally managed and fully occupied, this is a great opportunity for an investor looking for stable income today with future rent-growth potential. Conveniently located near shopping, dining, transportation, and major employment centers. Buyer to verify all rents, expenses, unit configurations, square footage, lease terms, cap rate, and property information.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $102,864
- Operating Expense
- 28000
Listing courtesy of Listing Agent: Matthew Schaeffer (themattschaeffer@gmail.com) from Listing Office: Arrive Real Estate.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.