Est. cap rate

3.5%

Assumed rent, all units

$9,640/mo

Units

4

Price per unit

$412,500

Est. annual NOI

$57,840

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,658 sqft

Lot size

7,750 sqft

Year built

1949

Stories

2

Garage spaces

2

Pool

None

Status

Active

Days on market

0

MLS #

249017173

About this property

Presenting an exceptional turnkey investment opportunity, 208 S. Illinois St is a fully stabilized, newly renovated fourplex located in the heart of Anaheim. The property features a dynamic unit mix including one 1-bedroom/1-bathroom layout and two spacious 3-bedroom/1-bathroom units. Tucked away in the rear is a highly desirable standalone 1-bedroom/1-bathroom plus den cottage that includes its own private 2-car garage. Boasting a "Very Walkable" Walk Score of 82, residents enjoy effortless access to local dining, daily errands, and shopping right outside their doorstep. This prime central location keeps tenant demand high with its close proximity to major employment hubs, transit options, and popular Anaheim attractions. Modernized interior upgrades paired with reliable rental income make this low-maintenance asset an ideal addition to any investor's portfolio.

Location

208 S Illinois

Anaheim, Orange, CA, 92805