1629 W Ball Road
Anaheim, CA 92802
0.22 acres | #AR25082560
Description
Convoy Real Estate is proud to present 1629 W. Ball Road, Anaheim, CA, a beautiful eight-unit apartment community in the heart of Anaheim. This investment offers a rare opportunity to acquire a well-located multifamily asset with strong upside potential, including 20-25% rental growth opportunities. The low-maintenance property ensures easy management, while the high-demand rental market provides stability for investors.
The eight-unit apartment building spans ±6,564 square feet on a ±9,583-square-foot lot. The unit mix consists of two two-bedroom/one-bath units and six one-bedroom/one-bath units. The units are separately metered for electricity and gas. There is a laundry room on-site for additional income potential. Tenants also benefit from the eight-car covered garage with alley access.
The Current GRM is 13.79, with a projected pro forma of 11.56. With rents below market rates, pro forma rents indicate a potential 20-25% increase. The current Net Operating Income (NOI) is over $125,000, with room for improvement.
1629 W Ball Road is in a prime Anaheim location near Downtown Anaheim. The property offers exceptional tenant appeal with proximity to major employment centers, shopping, and entertainment. The Disneyland Resort is about 2.5 miles away, Anaheim Plaza & Marketplace is nearby to offer retail and grocery options, and the site is within walking distance to dining and nightlife entertainment options. Additionally, Freeway access is convenient, with quick connections to Interstate 5 and 91 and the 57 Freeway.
Current rents are significantly below market, presenting an immediate value-add opportunity for investors. Inquire today for more information about the strong investment potential at 1629 W Ball Road.
Property Details
- Lot DescriptionFrontYard, SprinklersInRear, SprinklersInFront, Lawn, Landscaped, RectangularLot, SprinklersTimer, SprinklerSystem, StreetLevel, Walkstre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$2,400,000
- MLS #AR25082560
- MLS #AR25082560
- Property SubtypeApartment
- Cost2400000
- Utility SourcePublic
- CountyOrange
- SubdivisionOther
- Acres0.22
- Year Built1960
- Stories2
- Parking Spaces8
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Stephen Eng (#AR40409)
Listing Office: Universal Elite Realty (#31149)
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