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Property view

927 S Bruce Street, 
Anaheim, CA 92804

$3,350,000


Bed


Bath


7,579

Sq Ft


Multi-Family

Sold

Listed by

James Wardlaw

Bought with Triqor Group

Triqor Group

Western Realty

949-756-3232

MLS#

PW24188324

Source:

CRMLS

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About This Home

927 S Bruce Street

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!

Home Facts

Multi-Family

Built in 1959

Price Summary

3,700,000

$488 per Sq. Ft.

MLS #:

PW24188324

Sold:

November 27, 2024


Rooms & Interior

Interior

Living Area:

7,579 Sq. Ft.


Structure

Structure

Building Area:

7,579 Sq. Ft.

Year Built:

1959


Lot

Lot Size (Sq. Ft):

25,081


Finances & Disclosures

Finances

Price:

$3,700,000

Price per Sq. Ft:

$488 per Sq. Ft.

Source:CRMLS
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