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    829 Claudina St Anaheim, CA 92805

    For Sale
    $1,695,000

    Turnkey 3-unit apartment complex near Disneyland.

    Property size:
    2,578 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a meticulously renovated, three-unit apartment building located at 829 South Claudina Street in Anaheim, California. The property boasts a desirable location, just two blocks from the vibrant Anaheim Packing District and minutes from the renowned Disneyland Resort. This fee-simple offering includes three single-story, detached cottage-style units, each featuring modern updates. Two units underwent complete renovations in 2024, while a third unit is a newly constructed accessory dwelling unit (ADU). All units showcase new kitchens, bathrooms, flooring, fixtures, appliances, and windows. Significant upgrades also include updated plumbing and electrical panels. Residents enjoy the convenience of on-site parking (6 spaces), private patios, in-unit washer/dryer hookups, and air conditioning. Individual utility metering minimizes landlord expenses. The property offers a stabilized NOI of $72,064, with a pro-forma NOI of $79,747, resulting in a current cap rate of 4.25% and a pro-forma cap rate of 4.70%. Built in 1914 on a 7,722 square foot lot, the property totals 2,578 square feet, with an asking price of $1,695,000 ($657.49/sq ft and $565,000/unit). The property is ideally suited for both investors seeking a turnkey operation and owner-occupiers desiring a prime location within walking distance of Walnut Grove Park and nearby schools. This 100% occupied property is offered as a 1031 exchange opportunity.

    Property Features for 829 Claudina St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,578 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1914/2024
    Buildings
    3
    Stories
    1
    Units
    3

    HighLights

    • Turnkey investment opportunity in high‑demand Anaheim location.
    • Three detached, single‑story cottage‑style units; two fully renovated in 2024, plus a new ADU.
    • Prime location: two blocks from Anaheim Packing District, minutes from Disneyland Resort.
    • Excellent walkability to Walnut Grove Park, Olive Street Elementary, and Thomas Jefferson Elementary schools.
    • 100% occupied, with a stabilized NOI of $72,064 and a pro‑forma NOI of $79,747; 4.25% current cap rate, 4.70% pro‑forma cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anaheim
    County
    Orange
    State
    California
    Longitude
    -117.9096178
    Latitude
    33.8259614

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey 3-unit apartment complex near Disneyland.
    Where is this multifamily property located?
    The property is located at 829 Claudina St Anaheim, CA.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: Turnkey investment opportunity in high-demand Anaheim location.; Three detached, single-story cottage-style units; two fully renovated in 2024, plus a new ADU.; Prime location: two blocks from Anaheim Packing District, minutes from Disneyland Resort.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    829 Claudina St Anaheim, CA 92805
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