$2,400,000

1629 W Ball Road, Anaheim, CA 92802

5 beds |
5 baths

Multi-Family Home
Built in ——
9,583sqft lot
—— car garage
$——/sqft
Listed 6 months ago

Property Description

1629 W. Ball Road, Anaheim, CA, a beautiful eight-unit apartment community in the heart of Anaheim. This investment offers a rare opportunity to acquire a well-located multifamily asset with strong upside potential, including 20-25% rental growth opportunities. The low-maintenance property ensures easy management, while the high-demand rental market provides stability for investors. The eight-unit apartment building spans 6,564 square feet on a 9,583-square-foot lot. The unit mix consists of two two-bedroom/one-bath units and six one-bedroom/one-bath units. The units are separately metered for electricity and gas. There is a laundry room on-site for additional income potential. Tenants also benefit from the eight-car covered garage with alley access. The Current GRM is 13.79, with a projected pro forma of 11.56. With rents below market rates, pro forma rents indicate a potential 20-25% increase. The current Net Operating Income (NOI) is over $125,000, with room for improvement. 1629 W Ball Road is in a prime Anaheim location near Downtown Anaheim. The property offers exceptional tenant appeal with proximity to major employment centers, shopping, and entertainment. The Disneyland Resort is about 2.5 miles away, Anaheim Plaza & Marketplace is nearby to offer retail and grocery options, and the site is within walking distance to dining and nightlife entertainment options. Additionally, Freeway access is convenient, with quick connections to Interstate 5 and 91 and the 57 Freeway. Current rents are significantly below market, presenting an immediate value-add opportunity for in

Listing Status:: Active
Listing Office:: Universal Elite Realty : 949-379-6713
Listing Agent:: Stephen Eng : 626-353-2384
MLS ID:: AR25082560

Pool: N/K

General: 2 Story

Originating MLS: California Regional MLS
County: Orange

Zoning: Assessor25015218

Source: California Regional MLS

This listing courtesy of Stephen Eng, Universal Elite Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Ball Junior High School

1500 W Ball Rd, Anaheim, CA, 92802

Grades 7-8

0.30 miles away

Cambridge Virtual Academy at Polaris

1800 W Ball Rd, Anaheim, CA, 92804

Grades 7-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.