Description
1629 w. ball road, anaheim, ca, a beautiful eight-unit apartment community in the heart of anaheim. this investment offers a rare opportunity to acquire a well-located multifamily asset with strong upside potential, including 20-25% rental growth opportunities. the low-maintenance property ensures easy management, while the high-demand rental market provides stability for investors.
the eight-unit apartment building spans ±6,564 square feet on a ±9,583-square-foot lot. the unit mix consists of two two-bedroom/one-bath units and six one-bedroom/one-bath units. the units are separately metered for electricity and gas. there is a laundry room on-site for additional income potential. tenants also benefit from the eight-car covered garage with alley access.
the current grm is 13.79, with a projected pro forma of 11.56. with rents below market rates, pro forma rents indicate a potential 20-25% increase. the current net operating income (noi) is over $125,000, with room for improvement.
1629 w ball road is in a prime anaheim location near downtown anaheim. the property offers exceptional tenant appeal with proximity to major employment centers, shopping, and entertainment. the disneyland resort is about 2.5 miles away, anaheim plaza & marketplace is nearby to offer retail and grocery options, and the site is within walking distance to dining and nightlife entertainment options. additionally, freeway access is convenient, with quick connections to interstate 5 and 91 and the 57 freeway.
current rents are significantly below market, presenting an immediate value-add opportunity for investors. inquire today for more information about the strong investment potential at 1629 w ball road.
Property Type
Residential IncomeCounty
OrangeStyle
Residential IncomeAD ID
49440238
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Property Appliances: Dryer,Washer
-
Exterior Features
Building Information
- Year Built: 1960
- Building Area Total: 6,564
Pool Features
- None
Laundry Features
- Common Area,Washer Hookup,Gas Dryer Hookup
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.22
- Lot Size Source: Assessor
- Lot Size Square Feet: 9583
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Listing Information
Listing Price Information
- Original List Price: 2,400,000
- Listing Contract Date: 2025-04-16
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 25015218
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 79 - Anaheim West of Harbor
- Directions: Ball Rd. Between Euclid St & S Loara St
- Source Property Type: Residential Income
- Area: 79 - Anaheim West of Harbor
- Property SubType: Apartment
Building and Construction
- Property Age: 65
- Common Walls: No Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Ground
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 04/25/2025 @ 03:24
- MLS: AR25082560
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 6,564 sqft, 9,583 sized lot, and 8 parking. are nearby neighborhoods.