120 Alberta Street, Anaheim, CA 92805

$1,850,000
List Price
$1,850,000
MLS#
OC24103219
Status
PENDING
Type
Multifamily

Property Description

120 East Alberta Street is a 5-unit multifamily investment property located in Anaheim, California. The property has a CAP rate of 6.44% and a GIM of 10.93 on market rents. The property spans across 4 buildings, features more than 5,600 rentable square feet, and offers an attractive mix of 3, two-bedroom units, 1, three-bedroom unit, and 1, five-bedroom home. Currently, the five-bedroom home is being rented as separate upstairs and downstairs units. Amenities include single-story construction (select units), security doors, garage parking, and spacious private yards and patios (select units). The property is situated in an optimal Anaheim location, just north of Downtown Anaheim, placing residents moments away from some of Orange Countys most popular destinations. 120 East Alberta Street is located within blocks of Pearson Park, granting residents convenient access to a variety of outdoor activities. Additionally, residents enjoy the propertys close proximity, within walking distance, to the Anaheim Packing District, a trendy culinary hub that is the premier destination in Downtown Anaheim. Furthermore, 120 East Alberta Street is just over 1.25 miles from Anaheim Plaza, providing residents easy access to everyday needs. The property is within a 1.10-mile radius of Interstate 5 and State Route 91, connecting residents to employment hubs throughout Orange and Los Angeles Counties.

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Calculator source: Real Geeks

Courtesy of Marcus & Millichap RE Invest, Tyler Leeson.