2163 Brownwood Ave Anaheim, CA 92801-5733

This well-maintained, two-story apartment building in Anaheim, CA presents a compelling investment opportunity. Boasting four units, totaling 4,176 square feet, this 1964-built property sits on a 0.169-acre lot and offers nine parking spaces, including five garages (one rented separately for $75/month). The building features a new 400-amp electrical panel and a recently replaced sewer line. Two units have undergone recent renovations, showcasing quartz countertops, shaker-style kitchen cabinets, luxury vinyl plank flooring, fresh paint, and new carpeting. All four units are two-bedroom apartments, with varying bathroom configurations (two 2 bed/2 bath, two 2 bed/1.5 bath, and one 2 bed/1.25 bath). Each unit offers a spacious floor plan. On-site laundry adds convenience. The property benefits from its prime location, within two blocks of Home Depot and other businesses, and close to schools, shopping, and easy freeway access. The strong financial performance is highlighted by a 4.74% cap rate and a net operating income (NOI) of $72,318, making this a solid investment with significant potential for future growth. Recent upgrades include fresh paint and a new water heater. The asking price is $1,490,000.