Detailed Introduction Of This Home
This property has 3 units including a 4 bedroom 3 bath house that is currently rented for $4800/mo, also a brand new permitted 2 bedroom 2 bath Accessory Dwelling Unit that is rented for $3150.00/Mo. The 3 units is a 2 bedroom – 1 bath JR ADU which is rented for $2350.00/Mo.
Total Gross monthly income is $10,300.00 per month or $123,600 yearly. NET OPERATING INCOME IS $93,852.00 CALCULATED WITH NEW PROPERTY TAXES.
House has new laminate waterproof flooring, new paint, new furnace, new water heater, fully enclosed patio, newer roof. Lot is fenced for each unit.
812 sf ADU was completed on April 2023 and is a Brand New HUD approved Manufactured house on a State approved permanent foundation. The Jr ADU is a 2 bedroom 1 bath unit and was built in 2022
both ADU and JR ADU are permitted by the City of Anaheim.
Great property income with little maintenance since the house is remodeled and the ADU and JR ADU was recently completed.
CAP rate of 5.9 (CALCULATED WITH NEW PROJECTED PROPERTY TAXES)
Seller will GUARANTEE the rental income for 4 months after close of Escrow.
'All tenants are on a month to month contract.
Great property to live in one of the units and obtain income from the other two units.