829 S Claudina St
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829 S Claudina St
3 Unit Apartment Building $1,695,000 ($565,000/Unit) 4.25% Cap Rate Anaheim, CA 92805
Investment Highlights
- Turnkey Investment
- Two Completely Renovated Units + One New Construction ADU
- Walking Distance to Walnut Grove Park, Olive Street Elementary School, and Thomas Jefferson Elementary School
- Detached Single-Story Cottages
- High Demand Location: 2 Blocks from Anaheim Packing District and Minutes from Disneyland Resort
Executive Summary
Morgan Skenderian is pleased to present 829 South Claudina Street, consisting of (3) single-story, detached, cottage-style units. The 3-Bedroom/2-Bathroom and 2-Bedroom/1-Bathroom units were completely remodeled in 2024, while the 1-Bedroom/1-Bathroom is newly constructed. This property seamlessly blends timeless appeal with updated functionality. All units have new kitchens, bathrooms, flooring, fixtures, appliances, and windows. Additionally, plumbing and electrical panels have been updated. Residents enjoy on-site parking, patios, washer/dryer hookups, and air conditioning. Utilities are individually metered, helping keep landlord expenses low. The property is ideal for either an investor or an owner-occupier who wants to own in a vibrant area that is continuing to add dining, shopping, and entertainment destinations to an already impressive array.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$100,680
|
$39.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,020
|
$1.17
|
| Effective Gross Income |
$97,660
|
$37.88
|
| Taxes |
$19,143
|
$7.43
|
| Operating Expenses |
$6,452
|
$2.50
|
| Total Expenses |
$25,595
|
$9.93
|
| Net Operating Income |
$72,065
|
$27.95
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $100,680 |
| Annual Per SF | $39.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,020 |
| Annual Per SF | $1.17 |
| Effective Gross Income | |
|---|---|
| Annual | $97,660 |
| Annual Per SF | $37.88 |
| Taxes | |
|---|---|
| Annual | $19,143 |
| Annual Per SF | $7.43 |
| Operating Expenses | |
|---|---|
| Annual | $6,452 |
| Annual Per SF | $2.50 |
| Total Expenses | |
|---|---|
| Annual | $25,595 |
| Annual Per SF | $9.93 |
| Net Operating Income | |
|---|---|
| Annual | $72,065 |
| Annual Per SF | $27.95 |
Property Facts
| Price | $1,695,000 | Property Subtype | Apartment |
| Price Per Unit | $565,000 | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.25% | Building Size | 2,578 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.84 | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1914/2024 |
| Property Type | Multifamily | Parking Ratio | 2.33/1,000 SF |
| Price | $1,695,000 |
| Price Per Unit | $565,000 |
| Sale Type | Investment |
| Cap Rate | 4.25% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 16.84 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.18 AC |
| Building Size | 2,578 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1914/2024 |
| Parking Ratio | 2.33/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,995 | 480 |
| 2+1 | 1 | $2,995 | 899 |
| 3+2 | 1 | $3,400 | 1,199 |
1 of 1
Walk Score ®
Very Walkable (83)
-
Damien Breaux -
Morgan-Skenderian Investment Real Estate Group
(949) 251-8800
x114
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