Deal numbers
A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.
Property details
- Type
- Apartment
- Bedrooms
- 12
- Building size
- 9,501 sqft
- Lot size
- 23,951 sqft
- Year built
- 1960
- Stories
- 1
- Garage spaces
- 12
- Heating
- Forced Air
- Pool
- None
- Status
- Active
- Days on market
- 3
- MLS #
- 246869644
About this property
We proudly offer the generational opportunity to acquire 161-175 W Guinida Lane, a single-story value-add 12-unit multifamily investment property comprised of three separately parceled 4-unit buildings located in Anaheim, CA. Being offered for the first time in 59 years, the subject property features a desirable unit mix comprised exclusively of two-bedroom/one-bathroom floor plans (approximately 792 sq ft). 161-175 W Guinida Lane is also equipped with a multitude of amenities such as (12) garage parking spaces, (8) surface parking spaces, spacious private patios, and on-site laundry facilities with 100-gallon water tanks in 161 and 175 W Guinida Lane. 167 W Guinida Lane is equipped with washer and dryer hook ups and a 50-gallon water tank, but is currently being operated as a utility room, which can be easily converted back to a functioning laundry facility. 161-175 W Guinida Lane benefits from its outstanding location being located in the heart of Anaheim near the city's most popular attractions such as Disneyland, Downtown Anaheim, and the Platinum Triangle. The subject property is also located near educational institutions such as Anaheim High School and within walking distance to Paul Revere Elementary School providing residents a balanced living environment due to its proximity to entertainment, schools, shopping, and dining. The current owner has also demonstrated a hands-on approach to maintaining the building with upgrades such as new asphalt paving in front of garages and assigned parking spaces in 2021 ($9,000), fully renovating a unit in 2026 at 167 W Guinida Lane ($30,000) fully replacing all three roofs on each building in 2022 ($77,000), and upgrading bathrooms and kitchens in additional units over the past 2 years totaling $25,000.
Location
167 175 W Guinida Lane
Anaheim, Orange, CA, 92805