302 North Bush Street

Anaheim, CA 92805

$1,950,000
Price
8
Beds
8
Baths
4,053 Sq. Ft.
$481 / Sq. Ft.
4,053
Sq. Ft.
$481
per Sq. Ft.

Description

Pleased to offer 302 N Bush Street, an 8-unit investment opportunity located in Anaheim. This property consists exclusively of one bedroom/one bathroom units. Residents enjoy amenities such as security screen doors, carports and onsite parking. This property has been professionally managed and well maintained throughout the years and, just recently, current ownership installed all new electrical panels throughout the property. All the units are individually metered for electricity and gas, and the...Pleased to offer 302 N Bush Street, an 8-unit investment opportunity located in Anaheim. This property consists exclusively of one bedroom/one bathroom units. Residents enjoy amenities such as security screen doors, carports and onsite parking. This property has been professionally managed and well maintained throughout the years and, just recently, current ownership installed all new electrical panels throughout the property. All the units are individually metered for electricity and gas, and the tenants pay their own trash. Highlighting this asset's potential, there is approximately 27% upside in rental income making this an attractive acquisition for investors seeking to capitalize on an asset with phenomenal growth potential and exceptional future cash-on-cash returns.
  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 302 North Bush Street

Parking Spaces Total
8
Private Pool
No
Cooling Type
Wall/Window
Total Units
8.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
4053
Assessor Parcel Number
035-223-01
LISTING UPDATED: 12/10/2024 03:17 AM

Property Details for 302 North Bush Street

StatusActive
MLS #PW24190050
Days on Market109
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
CountyOrange County

Building Information for 302 North Bush Street

Building/Complex302 N Bush StFloor-Stories2Residences-Pet Policy-Year Built1957Building Size-

Property Information for 302 North Bush Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $143,276
  • Gross Scheduled Income: $143,276
  • Vacancy Allowance: 4298
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $138,977
  • Net Operating Income: $98,113
  • Gross Multiplier: 13.61
  • Cap Rate: 5.03
Expense Details
  • Operating Expense: $40,865
  • Operating Expense Percent: 28.50%
  • New Taxes Expense: $23,563
  • Gardener Expense: $3,229
  • Licenses Expense: $1,000
  • Electric Expense: $0
  • Insurance Expense: $3,445
  • Maintenance Expense: $5,559
  • Maintenance Percent: 4.00%
  • Professional Management Expense: $0
  • Other Expense: $1,390
  • Other Expense Description: Reserves
  • Trash Expense: $0
  • Water Sewer Expense: $2,679
  • Total Expenses: $40,865
Tax / Assessment Info
  • Tax Tract Number: 2723
  • Tax Census Tract: 873.01
  • CFD/Mello-Roos Fee: $2,056
  • Tax Lot: 37
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Room Type: Multi-Level Bedroom
  • Bedroom Features: Multi-Level Bedroom
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: Off-Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Uncovered
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 0
  • Carport Spaces: 7
  • Parking Features: Detached Carport, Uncovered
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: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,344
  • Unit Type Total Rent: $1,344
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,344
  • Unit Type Total Rent: $1,344
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,537
  • Unit Type Total Rent: $1,537
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,785
  • Unit Type Total Rent: $1,785
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,356
  • Unit Type Total Rent: $1,356
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,537
  • Unit Type Total Rent: $1,537
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,312
  • Unit Type Total Rent: $1,312
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,725
  • Unit Type Total Rent: $1,725
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 302 North Bush 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 302 North Bush Street

Taxable ValueLand$42,086Additions$86,755Total$128,841
Tax Record2024$3,546 ($295 / month)
Home Facts
Total Finished SqFt4,053 SqFtAbove Grade Finished SqFt4,053 SqFtStories2Lot Size7,019 SqFtStyleMulti-Family Res (5+ Units)Year Built1956CountyORANGEAPN035-223-01

Schools near 302 North Bush Street

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

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More information about 302 North Bush Street, Anaheim, CA 92805

302 North Bush 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 $1,950,000. 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. 302 North Bush Street is a 8-bed, 8-bath, 4,053 sqft multi-family home built in 1957.

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.