121 S. ILLINOIS STREET | Anaheim

FOURPLEX FOR SALE | California

4.75% Cap Rate

OFF-MARKET fourplex for sale in Orange County, California! Nestled in Anaheim Colony Historic District, these 4-units have long term, quality tenants for nearly 20 years! Great income producing fourplex with upside in rents and low maintenance.

$1,230,000

ABOUT The Property

The Ramzi Team of Engel & Völkers proudly present 121 S. Illinois Street in the city of Anaheim. This lovely 4-plex was built in 1973 and sits on a large lot of 7,338 square feet. Each unit is pleasantly spacious with 1,012 square feet of living area and is equipped with its own 1-car garage. Two units have their own balcony and the other two units have their own backyard. The building also features a laundry room with owned washing and drying machines. Recent cap-ex on fencing, paint, stucco, garage doors and more.

City Stats at a Glance

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Perfect LOCATION

Located in a quiet neighborhood, these 4 units are nestled in the Anaheim Colony Historic District; next to shopping centers, restaurants and entertainment. Conveniently located near schools, parks and Disneyland too. Easily accessible to the 5 FWY.

HISTORIC District

Since 1997, the Anaheim City Council has adopted four historic districts. Although Anaheim is comprised of historically significant structures throughout the City's 50 square miles, the vast majority are clustered in the area shown in the adjacent map. These districts encompass approximately two-square miles of Anaheim.

Watch VIDEO

In this video, Ramzi discusses the 'setup' on the investment property located at 121 S. Illinois Street. Surely you'll find his analysis and commentary to be beneficial and of value as you determine whether or not this particular income producing property makes sense for you to invest in! When looking for an ideal fourplex for sale in Orange County, it is essential to see the numbers before anything else. Take a look at the detailed financial analysis below after watching the video!

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UNIT 1

2 Bed | 1 Bath | 1,012 SqFt

UNIT 2

2 Bed | 1 Bath | 1,012 SqFt

UNIT 3

2 Bed | 1 Bath | 1,012 SqFt

UNIT 4

2 Bed | 1 Bath | 1,012 SqFt

Gross Scheduled Income

$78,000

Net Operating Income

$56,998

Annual Operating Expenses

$21,002

Operating Expense Ratio

26.93%

METRICS to Consider

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Fourplex For Sale In California - The Financial Analysis

Assuming that the investor puts 40% down and uses leverage at 3.75% on a 30 year fixed rate; the monthly cash flow generated after all expenses will be $1,415.

Unit #1 pays more than the other units because they have their own laundry machine; thereby using more water than the rest of the tenants.

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New Paint & Stucco

Freshly painted with new stucco

New Wood Fencing

Brand new wood fencing

Low Maintenance Yard

Low maintenance yard and building

Buyer INCENTIVE

Seller will provide $5,000 BONUS to buyer towards closing costs if offer is received and accepted by seller BEFORE TIME RUNS OUT below!

If you're interested in receiving an Offering Memorandum on this investment property, or if you have any other questions, provide us with your info below and an Advisor will get back to you right away! The market has shifted to favor serious buyers out there! Be sure you have the right agent representing you that understands the dynamics in the marketplace and has the experience and proper skill set to guide you with negotiations and successfully closing escrow.

Get Pre-Approved for Financing

James McKibban, Loan Officer

With many years of experience in the mortgage banking industry, and extensive practice in originating home loans for both purchase and refinance, James is a firm believer in excellent customer service and offering the most competitive pricing. When working with James and New American Funding you'll receive:

OPPORTUNITIES?

Opportunities AREN'T MISSED!

They're just being taken BY THE NEXT GUY!

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Navigating this market requires working with a SEASONED PRO!

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Global Guide Magazine

Lifestyle. Personalities. Real Estate

2020 is upon us! Explore this season's edition of your Global Guide featuring the personalities and visions that will shape the new decade. Artificial intelligence, blockchains, bitcoins and tourists taking off to the moon...The world is moving faster than ever before with entire industries redefining themselves and functioning completely differently from how they did just a few years ago. Keeping up with these rapid changes requires a positive attitude and an open mind, which many industry leaders are already doing.

Follow us into the new decade and get to know the future! Visit one of our Engel & Völkers shops closest to you for a complimentary copy, or click below to access the digital issue. Enjoy your read.

What People Are Saying

For being first time home buyers in the U.S., we needed just the right assistance. We found it with Ramzi team! Ramzi understood what we wanted and directed us to the best options, helping us to find the right property quickly. He also gave us plenty of professional advice throughout our search. Always proactive during escrow, he was upfront in negotiating the best scenarios in our behalf. Concerned with our interests until after we moved into the property, he was always a nice hand to reach out when we needed services and advice about how to solve little issues regarding adjusting to the new house. Very satisfied with their work, we strongly recommend Ramzi and his team to our friends!
Gabi C.
Homebuyer
Ramzi is a consummate professional. He harnesses an excellent command of the market and trends. This means that you always know that there is an advocate FOR YOU. When he showed my wife and me properties, it never felt rushed or forced. He provided input, but never pressured us to decide on something until it felt "right". When we went into escrow, he communicated effectively to make sure that we felt comfortable and that we got all of the updates as they were happening. He also always took the time to answer our questions, even the most basic ones (this was our first time buying a home). I would recommend Ramzi to anyone looking to buy or sell a home.
Mobes A.
First Time Homebuyer

Special Olympics

Creating Inclusive Communities

Engel & Völkers Americas is a proud champion of Special Olympics, working together to unleash the human spirit though the transformative power and joy of sports. Our shared passion for this mission transcends throughout the local communities in which we serve. A portion or our earned commission will go towards sponsoring the next champion!

Meet Our TEAM

Advisors & Assistants

Ramzi Ataya

global advisor

Ramzi continues to be the trusted source for real estate to investors, homeowners and prospective home buyers. Ramzi is valued for his highly analytic approach to all aspects facing challenges and assisting his clients during their real estate transaction.

Debbie Williams

Transaction Coordinator

Debbie has a great passion for real estate and has been immersed in the industry for over 15 years. Debbie is a team manager; where she's involved in the day to day responsibilities of working with buyers and sellers and the escrow process altogether.

James McKibban

Loan Officer

With many years of experience in the mortgage banking industry, and extensive practice in originating home loans for both purchase and refinance, James is a firm believer in excellent customer service and offering the most competitive pricing.

Mark Kelaidis

Managing Broker

Mark has been managing, coaching and training real estate agents and managers for nearly two decades. He's responsible for new business development, recruiting, growth and profitability; specializing in the turn around of under performing offices to profitability.

Are you ready to MEET RAMZI?

If you're thinking about SELLING or BUYING anytime soon, you'll first want to sit down with a seasoned pro. The market has shifted; so working with a qualified agent matters now more than ever. Please provide your contact information and select a date and time to schedule an appointment with Ramzi or one of his Team Advisors. If you’d like an Offering Memorandum (OM) on a particular property, kindly include the property address below.

Our Property Shop

As Advisors with Engel & Völkers, we're proud to tell you that we have a unique and different approach to working with our esteemed clientele. We are a real estate company that specializes in dealing with discerning individuals, just like you. We offer a red-carpet, white-glove approach to servicing our clients...all in a boutique-style environment.

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