Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 2-bedroom, 2-bathroom multi-family at 2115 Broden Street in Anaheim, CA is listed for $1,350,000 ($463 per sqft). Built in 1964, the home offers 2,916 sqft of living space on a 0.08 acres lot.
O2115 Broden St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. ------MANAGEMENT RESPONSIBILITIES-----The owner’s 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 (including water), and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $265 per unit 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.---GREAT CASH FLOW --This property’s Net Operating
Income for the next 12 months will be about $77,000, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $72380 the CAP rate is 5..36 %. Other similar 3-unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not “Pro Forma” income) and realistic comprehensive expenses.
Seller may guarantee first year's income and expenses. Located close to Anaheim Convention center, Disneyland, Major hotels & restaurants, Angel Stadium, and UCI Medical Center. Just east of Harbor Blvd south of Orangewood. Owner also has another triplex in escrow at a higher price in the same complex. Back on the market !
Key Features
- Built in 1964
- 0.08 acre lot
- 4 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$7,220/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2115 Broden Street
Anaheim, CA 92802
Other (OTHR)
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Views
Parking
Cooling
Appliances
Questions & Answers
This 2-bedroom, 2-bathroom multi-family at 2115 Broden Street is listed at $1,350,000 ($463/sqft). The estimated monthly payment is $5,850 based on 20% down at 6.5% interest.
Key features include: Built in 1964, 0.08 acre lot, 4 parking spaces. Interior Features: None, Sliding Doors, Mirror Closet Door(s). Exterior Features: Fence, Community Features Included: Curbs, Street Lights.
This property is listed by Rick Violett and can be reached at 7148707870 or rviolett@gmail.com.







