123 N East St
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123 N East St
5 Unit Block of Flats £1,372,860 (£274,572/Unit) 4.51% Net Initial Yield Anaheim, CA 92805
Investment Highlights
- 100% 2-Bedroom Single-Story Units
- 14,262 SF Lot
- First Time on the Market in Over 55 Years
- New Roof and New Electrical Panels
- Prime Anaheim Location Near Anaheim Packing District
- ADU Potential
Executive Summary
Morgan Skenderian, Inc., as the exclusive listing agent, presents the opportunity to acquire 123 N. East Street, a 5-unit investment opportunity located in Anaheim, California. Situated on just over 14,000 square feet of land, this property consists exclusively of two bedroom/one bathroom, single story units. Residents enjoy amenities such as an onsite laundry facility, private patios for each unit, security screen doors and (5) garages. This property has been professionally managed and maintained for years, and, just recently, current ownership invested a significant amount of capital including all new electrical panels as well a brand new roof for both garage structures, the freestanding unit at the rear of the property and the fourplex at the front of the property. All of the units are individually metered for electricity and gas, and the tenants pay their own trash.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£91,412
|
£21.09
|
| Other Income |
£2,840
|
£0.66
|
| Vacancy Loss |
£2,828
|
£0.65
|
| Effective Gross Income |
£91,425
|
£21.09
|
| Taxes |
£16,092
|
£3.71
|
| Operating Expenses |
£13,467
|
£3.11
|
| Total Expenses |
£29,559
|
£6.82
|
| Net Operating Income |
£61,865
|
£14.27
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £91,412 |
| Annual Per SF | £21.09 |
| Other Income | |
|---|---|
| Annual | £2,840 |
| Annual Per SF | £0.66 |
| Vacancy Loss | |
|---|---|
| Annual | £2,828 |
| Annual Per SF | £0.65 |
| Effective Gross Income | |
|---|---|
| Annual | £91,425 |
| Annual Per SF | £21.09 |
| Taxes | |
|---|---|
| Annual | £16,092 |
| Annual Per SF | £3.71 |
| Operating Expenses | |
|---|---|
| Annual | £13,467 |
| Annual Per SF | £3.11 |
| Total Expenses | |
|---|---|
| Annual | £29,559 |
| Annual Per SF | £6.82 |
| Net Operating Income | |
|---|---|
| Annual | £61,865 |
| Annual Per SF | £14.27 |
Property Facts
| Price | £1,372,860 | Apartment Style | Low Rise |
| Price Per Unit | £274,572 | Building Class | C |
| Sale Type | Investment | Building Size | 4,335 SF |
| Net Initial Yield | 4.51% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.57 | Number of Floors | 1 |
| No. Units | 5 | Year Built | 1956 |
| Property Type | Residential | Parking Ratio | 1.15/1,000 SF |
| Property Subtype | Apartment |
| Price | £1,372,860 |
| Price Per Unit | £274,572 |
| Sale Type | Investment |
| Net Initial Yield | 4.51% |
| Gross Rent Multiplier | 14.57 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 4,335 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1956 |
| Parking Ratio | 1.15/1,000 SF |
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Oven
- Range
- Tub/Shower
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Rubbish Collection - Kerbside
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 5 | £1,519 | 855 - 915 |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £109,901 (2023) | |
| Land Assessment | £48,221 (2023) | Annual Taxes | £16,092 (£3.71/sf) |
| Improvements Assessment | £61,680 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£48,221 (2023)
Improvements Assessment
£61,680 (2023)
Total Assessment
£109,901 (2023)
Annual Taxes
£16,092 (£3.71/sf)
Tax Year
2024
-
Paul Espinosa -
Rick Applebaum -
Morgan-Skenderian Investment Real Estate Group
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123 N East St
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