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$ 1,350,000
Est. payment /mo
Price Dropped by $150K
2115 S Broden Street Anaheim, CA 92802
6 Beds
3,478 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25199902
Bedrooms 6
HOA Fees $735/mo
Lot Size 3,478 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
2115 Broden St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. ------MANAGEMENT RESPONSIBILITIES-----The owners management responsibilities are minimized because the Homeowners Association manages and pays for all the following: insurance, daily grounds clean-up and inspections, landscaping, patrol service, pool service, laundry room, roofs, building painting/repairs, gates, fences, walkways, utilities, and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $735 per month. Owners of most other 3-unit buildings would have to pay much more for all those expenses. The major responsibility of the owner of this building is to collect rents. All current tenants use electronic rent payments, are never late, and, therefore, this property is ideal for someone who wants income, growth with inflation protection, and minimum time expenditure. ----GREAT INVESTMENT POTENTIAL------This location of this building ensures continued growth in value. It is one short block east of Harbor Blvd about one-half mile south of Disneyland. Within a ten-minute walk there are many major hotels, restaurants, and businesses that offer employment for residents. Proximity to employment opportunities also means increasing demand for rentals, higher rents, fewer vacancies, which results in increasing property values. Other similar 3-unit rental properties are often in areas that have stable, not increasing, demand and consequently, limited upside potential.-
Location
State CA
County Orange
Zoning Assessor
Direction Harbor Blvd to Orangewood east to S. Broden Street, south to 2115 1/2 located inside the gate behind 2115
Interior
Cooling Wall/Window
Fireplace No
Exterior
Pool Below Ground
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
HOA Name Holiday Harbor III
HOA Fee Include Limited Insurance,Sewer,Trash Pickup,Water
Senior Community No
Tax ID 93017411
Acceptable Financing Cash
Listing Terms Cash
Listed by Rick Violett Investment Brokers O.C.