121 S. ILLINOIS STREET | Anaheim
INVESTMENT OPPORTUNITY | Fourplex For Sale Orange County
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.
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
Median Household Income
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.
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.
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!
METRICS to Consider
Operating Expense Ratio
Cash on Cash Yield
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.
Gross Scheduled Income
Net Operating Income
New Paint & Stucco
Freshly painted with new stucco
New Wood Fencing
Brand new wood fencing
Low Maintenance Yard
Low maintenance yard and building
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 AREN'T MISSED!
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Meet Our TEAM
Advisors & Assistants
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 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.
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.