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$ 3,590,000
Est. payment | /mo
3 Beds
2 Baths
0.34 Acres Lot
$ 3,590,000
Est. payment | /mo
3 Beds
2 Baths
0.34 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26206354
Bedrooms 3
Lot Size 0.342 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
307 & 319 N East Street is a well-maintained, 12-unit (6+6) multifamily community consisting of two 6-unit complexes located in the historic Colony neighborhood of central Anaheim, offering investors an opportunity to acquire a core central Orange County asset with an in-place 5.11% cap rate and significant upside. The property's desirable location and dedicated garage parking per unit enhance operational simplicity while appealing to a broad renter base seeking convenience, privacy, and quality housing in one of Orange County's most accessible and amenity-rich neighborhoods. The asset features a well-balanced unit mix of four large 2-bed/1-bath and eight 1-bed/1-bath residences. The property has been thoughtfully maintained, with recent capital improvements including vinyl window replacements and the completion of SB-721 balcony inspection and repair work. Additional upside exists through the property's ADU potential, providing a clear and executable opportunity to increase density and further enhance net operating income.
Location
State CA
County Orange
Zoning Public Rec
Direction N East Street between Lincoln and La Palma
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 03522409
Acceptable Financing Cash
Listing Terms Cash
Listed by Brett Bayless, DRE#01718244 Brett Bayless, Broker
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