601 N Pauline St
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601 N Pauline St
8 Unit Apartment Building $2,375,000 ($296,875/Unit) 4.72% Cap Rate Anaheim, CA 92805
Executive Summary
Introducing a prime investment opportunity in Anaheim, CA - 601 N Pauline St. This multifamily property features a 5,134 SF building offering 8 units, ideal for a savvy investor seeking a low-rise/garden asset. With a vintage charm dating back to 1961, the property boasts garage parking, pitched roof, and strong curb appeal. Investors will appreciate the separately metered utilities and the convenience of on-site laundry facilities. Situated in a strong rental market, this property presents an enticing opportunity for those looking to expand their portfolio in the thriving Anaheim area.
Property Facts
| Price | $2,375,000 | Property Subtype | Apartment |
| Price Per Unit | $296,875 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.72% | Lot Size | 0.23 AC |
| Sale Conditions | 1031 Exchange | Building Size | 5,134 SF |
| Gross Rent Multiplier | 13.22 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Price | $2,375,000 |
| Price Per Unit | $296,875 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 13.22 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,134 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.56/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,871 | - |
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PROPERTY TAXES
| Parcel Number | 035-164-24 | Improvements Assessment | $132,651 |
| Land Assessment | $928,557 | Total Assessment | $1,061,208 |
PROPERTY TAXES
Parcel Number
035-164-24
Land Assessment
$928,557
Improvements Assessment
$132,651
Total Assessment
$1,061,208
zoning
| Zoning Code | RM-4 |
| RM-4 |
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601 N Pauline St
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