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

10,274 sqft

Lot size

8,712 sqft

Year built

1962

Stories

2

Garage spaces

12

Pool

None

Status

Active

Days on market

1

MLS #

247359762

About this property

Onondaga Apartment Homes is a FULLY REHABBED (Interior and Exterior) 12 unit multifamily community located at 1125 and 1131 North Onondaga Ave. in the city of Anaheim, California. This two story gated asset benefits from an excellent unit mix of 10 two bedroom, one bath units, 1 two bedroom, 1.5 bath townhome unit and 1 one bedroom, one bath unit with the average spacious unit square footage at approximately 856 square feet! All but one of the units have been completely rehabbed in the last year including new kitchens, new bathrooms, new flooring, fixtures, Quartz countertops with designer backsplashes, new vanities, and new appliances. There are also new vinyl windows throughout the property and private patios or balconies in select units. All of the main electrical panels have also just been replaced to eliminate any issues with insurance carriers. The property is also individually metered for Gas and Electric along with tenants paying for the trash directly to the city of Anaheim keeping operating costs for an owner to a minimum. On-site amenities include garages for each unit, a gated front lawn and on-site laundry room. While actual in place rents are strong providing for great cash flow, there is still room to raise rents for increased cash flow! Additionally, the property boasts an incredibly convenient location located next to shopping, Anaheim Plaza and the 5 & 91 freeways for commuters.

Location

1125 N Onondaga

Anaheim, Orange, CA, 92801