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829 S Claudina St 3 Unit Apartment Building $2,366,084 CAD ($788,695 CAD/Unit) 4.25% Cap Rate Anaheim, CA 92805

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INVESTMENT HIGHLIGHTS

  • Turnkey Investment
  • Two Completely Renovated Units + One New Construction ADU
  • Walking Distance to Walnut Grove Park, Olive Street Elementary School, and Thomas Jefferson Elementary School
  • Detached Single-Story Cottages
  • High Demand Location: 2 Blocks from Anaheim Packing District and Minutes from Disneyland Resort

EXECUTIVE SUMMARY

Morgan Skenderian is pleased to present 829 South Claudina Street, consisting of (3) single-story, detached, cottage-style units. The 3-Bedroom/2-Bathroom and 2-Bedroom/1-Bathroom units were completely remodeled in 2024, while the 1-Bedroom/1-Bathroom is newly constructed. This property seamlessly blends timeless appeal with updated functionality. All units have new kitchens, bathrooms, flooring, fixtures, appliances, and windows. Additionally, plumbing and electrical panels have been updated. Residents enjoy on-site parking, patios, washer/dryer hookups, and air conditioning. Utilities are individually metered, helping keep landlord expenses low. The property is ideal for either an investor or an owner-occupier who wants to own in a vibrant area that is continuing to add dining, shopping, and entertainment destinations to an already impressive array.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $140,541 $54.52
Other Income - -
Vacancy Loss $4,216 $1.64
Effective Gross Income $136,326 $52.88
Taxes $26,722 $10.37
Operating Expenses $9,006 $3.49
Total Expenses $35,729 $13.86
Net Operating Income $100,597 $39.02

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $140,541
Annual Per SF $54.52
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $4,216
Annual Per SF $1.64
Effective Gross Income (CAD)
Annual $136,326
Annual Per SF $52.88
Taxes (CAD)
Annual $26,722
Annual Per SF $10.37
Operating Expenses (CAD)
Annual $9,006
Annual Per SF $3.49
Total Expenses (CAD)
Annual $35,729
Annual Per SF $13.86
Net Operating Income (CAD)
Annual $100,597
Annual Per SF $39.02

PROPERTY FACTS

Price $2,366,084 CAD
Price Per Unit $788,695 CAD
Sale Type Investment
Cap Rate 4.25%
Sale Condition 1031 Exchange
Gross Rent Multiplier 16.84
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.18 AC
Building Size 2,578 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1914/2024
Parking Ratio 2.33/1,000 SF

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer Hookup

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 $2,785 CAD 480
2+1 1 $4,181 CAD 899
3+2 1 $4,746 CAD 1,199
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33276548

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 829 S Claudina St, Anaheim, CA 92805

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