829 Claudina St Anaheim, CA 92805
- Commercial real estate
- 2,578 SF
Current Use by Public Records
- Commercial real estate
Property Details for 829 Claudina St
- Year built
- 1914
- Property size
- 2,578 SF
- Property type
- Commercial real estate
- APN
- 037-081-17
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anaheim
- County
- Orange
- State
- California
- Longitude
- -117.9096178
- Latitude
- 33.8259614
