927 South Bruce Street

Anaheim, CA 92804

$3,350,000
Last Sold Price
1
Beds
14
Baths
7,579 Sq. Ft.
$442 / Sq. Ft.
7,579
Sq. Ft.
$442
per Sq. Ft.

Description

We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own...We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Don’t miss out on this outstanding investment opportunity!
  1. Listed by James Wardlaw • DRE #02061381 • Brokerage DRE #01921625 • Triqor Group • 949-756-3232

Property Details for 927 South Bruce Street

Parking Spaces Total
28
Private Pool
No
Total Units
14.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
7579
Assessor Parcel Number
127-292-14
Property Attached YN
true
LISTING UPDATED: 12/03/2024 06:56 AM

Property Details for 927 South Bruce Street

StatusClosed
MLS #PW24188324
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
CountyOrange County

Building Information for 927 South Bruce Street

Building/Complex927 S Bruce StFloor-Stories1Residences-Pet Policy-Year Built1959Building Size-

Property Information for 927 South Bruce Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $278,385
  • Gross Scheduled Income: $286,994
  • Net Operating Income: $185,128
  • Financing: Conventional
Expense Details
  • Operating Expense: $93,257
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $93,257
Tax / Assessment Info
  • Tax Tract Number: 3091
  • Tax Census Tract: 870.02
  • CFD/Mello-Roos Fee: $3,586
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: /
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 16
  • Uncovered Spaces: 12
  • Open Other Spaces Total: 12
  • Parking Garage Spaces: 16
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,579
  • Unit Type Total Rent: $9,474
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 10
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,779
  • Unit Type Total Rent: $14,232
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 0

Property History for 927 South Bruce 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 927 South Bruce Street

Taxable ValueLand$1,817,040Additions$436,545Total$2,253,585
Tax Record2024$28,081 ($2,340 / month)
Home Facts
Total Finished SqFt7,579 SqFtAbove Grade Finished SqFt7,579 SqFtStories2Lot Size24,707 SqFtStyleMulti-Family Res (5+ Units)Year Built1959CountyORANGEAPN127-292-14

Schools near 927 South Bruce 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
Public - 7 to 12
Rating
School
Distance
Walt Disney Elementary School
PublicK to 6

Dale Junior High School
Public7 to 8

Magnolia High School
Public9 to 12

Cambridge Virtual Academy
Public7 to 12

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

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Similar Sold Homes

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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 Triqor Group, James Wardlaw, DRE #02061381

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.