2115 1/2 S Broden Street, Anaheim, CA 92802
Local realty services provided by:CENTURY 21 Masters
2115 1/2 S Broden Street,Anaheim, CA 92802
$1,350,000
- - Beds
- - Baths
- 2,976 sq. ft.
- Multi-family
- Active
Listed by: rick violett
Office: investment brokers o.c.
MLS#:PW25199902
Source:CRMLS
Price summary
- Price:$1,350,000
- Price per sq. ft.:$453.63
- Monthly HOA dues:$795
About this home
2115 ½ Broden St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. ------MANAGEMENT RESPONSIBILITIES-----The owner’s management responsibilities are minimized because the Homeowners Association manages and pays for all the following: insurance, daily grounds clean-up and inspections, landscaping, patrol service, pool service, laundry room, roofs, building painting/repairs, gates, fences, walkways, utilities, and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $265 per unit per month. Owners of most other 3-unit buildings would have to pay much more for all those expenses. The major responsibility of the owner of this building is to collect rents. All current tenants use electronic rent payments, are never late, and, therefore, this property is ideal for someone who wants income, growth with inflation protection, and minimum time expenditure. ----GREAT INVESTMENT POTENTIAL------This location of this building ensures continued growth in value. It is one short block east of Harbor Blvd about one-half mile south of Disneyland. Within a ten-minute walk there are many major hotels, restaurants, and businesses that offer employment for residents. Proximity to employment opportunities also means increasing demand for rentals, higher rents, fewer vacancies, which results in increasing property values. Other similar 3-unit rental properties are often in areas that have stable, not increasing, demand and consequently, limited upside potential.-----GREAT CASH FLOW ------This property’s Net Operating Income for the next 12 months will be about $69,260, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $69,260 the CAP rate is 5.13 %. Other similar 3-unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not “Pro Forma” income) and realistic comprehensive expenses. All units have enclosed 2 car garages with openers. This triplex is single story, located inside the gated area facing the courtyard.
Just east of Harbor Blvd south of Orangewood. Owner also has another triplex and fourplex available for sale in the same complex. (Total of 10 units). All reduced by $150k/building. Seller may guarantee first years income and expenses. Note: The other Triplex is in escrow.
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Home facts
- Year built:1964
- Listing ID #:PW25199902
- Added:180 day(s) ago
- Updated:March 04, 2026 at 11:45 AM
Rooms and interior
- Flooring:Laminate, Tile, Vinyl
- Kitchen Description:Disposal, Electric Range, Electric Water Heater, Pantry
- Living area:2,976 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Roof:Composition
- Year built:1964
- Building area:2,976 sq. ft.
- Lot area:0.08 Acres
- Lot Features:Near Public Transit, Street Level
- Architectural Style:Ranch
- Construction Materials:Stucco, Wood Siding
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Sewer Connected, Sewer Tap Paid
Finances and disclosures
- Price:$1,350,000
- Price per sq. ft.:$453.63
- Tax amount:$5,788 (2024)
Features and amenities
- Appliances:Disposal, Electric Range, Electric Water Heater
- Laundry features:Inside
- Amenities:All Bedrooms Down, Carbon Monoxide (CO2) Detector, Electric Water heater, Jalousie, Walk In Closets
- Pool features:Association, Fenced, Gunite, In Ground, Pool
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