The Melrose Fourplex | 420 S Melrose St
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The Melrose Fourplex 420 S Melrose St
4 Unit Apartment Building $1,599,000 ($399,750/Unit) Anaheim, CA 92805
Investment Highlights
- Great CTR CITY Anaheim Location Close to Everything!
- Priced under market!!
- Upside in Rents
Executive Summary
. Priced under market. Excellent Fourplex in a great CTR City area of Anaheim. Prime unit mix with one 3- bedroom and three 2-bedroom units. Significant upside in rents. No vacancy. Separately metered. 5 garages with plenty of street parking. Laundry room onsite for extra income. Easy to rent, manage, and maintain.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,599,000 | Apartment Style | Garden |
| Price Per Unit | $399,750 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,660 SF |
| Gross Rent Multiplier | 17.51 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Price | $1,599,000 |
| Price Per Unit | $399,750 |
| Sale Type | Investment |
| Gross Rent Multiplier | 17.51 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.15 AC |
| Building Size | 3,660 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.37/1,000 SF |
Unit Amenities
- Balcony
- Fireplace
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,275 | - |
| 2+1 | 2 | $2,000 | - |
| 2+1 | 1 | $2,025 | - |
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Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 037-113-19 | Improvements Assessment | $152,420 |
| Land Assessment | $1,161,553 | Total Assessment | $1,313,973 |
PROPERTY TAXES
Parcel Number
037-113-19
Land Assessment
$1,161,553
Improvements Assessment
$152,420
Total Assessment
$1,313,973
zoning
| Zoning Code | RM-4 (Multiple-Family Residential) |
| RM-4 (Multiple-Family Residential) |
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Presented by
Hackett Williams, Broker
The Melrose Fourplex | 420 S Melrose St
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