$ 3,700,000
927 S Bruce Street Anaheim, CA 92804
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Listed by James Wardlaw • Triqor Group
$ 3,700,000
Est. payment | /mo
7,579 SqFt
$ 3,700,000
Est. payment | /mo
7,579 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,579 sqft
Price per Sqft $488
MLS Listing ID CRPW24188324
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1959
Lot Size 0.576 Acres
Property Description
We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Don’t miss out on this outstanding investment opportunity!
Location
State CA
County Orange
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227