123 North East Street

Anaheim, CA 92805

$1,740,000
Price
10
Beds
5
Baths
4,335 Sq. Ft.
$401 / Sq. Ft.
4,335
Sq. Ft.
$401
per Sq. Ft.

Description

Pleased to present 123 N. East Street, an exceptional 5-unit investment opportunity located in Anaheim. Situated on just over 14,000 square feet of land, this property consists exclusively of two bedroom/one bathroom, single story units. Residents enjoy amenities such as an onsite laundry facility, private patios for each unit, security screen doors and (5) garages. This property has been professionally managed and maintained for years, and, just recently, current ownership invested a significant...Pleased to present 123 N. East Street, an exceptional 5-unit investment opportunity located in Anaheim. Situated on just over 14,000 square feet of land, this property consists exclusively of two bedroom/one bathroom, single story units. Residents enjoy amenities such as an onsite laundry facility, private patios for each unit, security screen doors and (5) garages. This property has been professionally managed and maintained for years, and, just recently, current ownership invested a significant amount of capital including all new electrical panels as well a brand new roof for both garage structures, the freestanding unit at the rear of the property and the fourplex at the front of the property. All of the units are individually metered for electricity and gas, and the tenants pay their own trash.
  1. Listed by Paul Espinosa • DRE #01942627 • Brokerage DRE #01220368 • Morgan Skenderian • paul@morganskenderian.com
  2. Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 123 North East Street

Parking Spaces Total
5
Private Pool
No
Cooling Type
Wall/Window
Total Units
5.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
4335
Assessor Parcel Number
035-234-20
LISTING UPDATED: 09/12/2024 05:47 AM

Property Details for 123 North East Street

StatusActive
MLS #PW24189951
Days on Market82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
CountyOrange County

Building Information for 123 North East Street

Building/Complex123 N East StFloor-Stories1Residences-Pet Policy-Year Built1956Building Size-

Property Information for 123 North East Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $119,458
  • Gross Scheduled Income: $119,458
  • Vacancy Allowance: 3584
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $115,874
  • Net Operating Income: $78,409
  • Laundry Income: $3,600
  • Gross Multiplier: 14.57
  • Cap Rate: 4.51
Expense Details
  • Operating Expense: $37,464
  • Operating Expense Percent: 31.40%
  • New Taxes Expense: $20,395
  • Gardener Expense: $3,793
  • Licenses Expense: $1,000
  • Insurance Expense: $3,685
  • Maintenance Expense: $4,635
  • Maintenance Percent: 4.00%
  • Professional Management Expense: $0
  • Other Expense: $1,159
  • Other Expense Description: Reserves
  • Trash Expense: $0
  • Water Sewer Expense: $2,798
  • Total Expenses: $37,464
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 402
  • Tax Census Tract: 873.01
  • CFD/Mello-Roos Fee: $1,277
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Room Type: See Remarks
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Cooling: Wall/Window Unit(s)
  • Flooring: See Remarks
Exterior Features
  • Entry Location: Off Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,810
  • Unit Type Total Rent: $1,810
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,656
  • Unit Type Total Rent: $1,656
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,970
  • Unit Type Total Rent: $1,970
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,024
  • Unit Type Total Rent: $2,024
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 5

Property History for 123 North East Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 123 North East Street

Taxable ValueLand$62,339Additions$79,738Total$142,077
Tax Record2024$2,885 ($240 / month)
Home Facts
Total Finished SqFt3,180 SqFtAbove Grade Finished SqFt3,180 SqFtLot Size14,255 SqFtStyleMulti-Family Dwelling (2-4)Year Built1952CountyORANGEAPN035-234-20

Schools near 123 North East Street

This home is within Anaheim Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Lincoln (Abraham) Elementary School
PublicK to 6

Sycamore Junior High School
Public7 to 8

Anaheim High School
Public9 to 12

Vibrant Minds Charter
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

123 North East Street is a multi-family home for sale in Anaheim, CA 92805. This property was listed for sale on September 12, 2024 by Morgan Skenderian, it's currently listed at $1,740,000. This listing's school districts are Anaheim Union High School District, Anaheim Elementary School District. Nearby schools include Lincoln (Abraham) Elementary School, Sycamore Junior High School and Anaheim High School. 123 North East Street is a 10-bed, 5-bath, 4,335 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Paul Espinosa, DRE #01942627; Morgan Skenderian, Rick Applebaum, DRE #01273871

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.