This property includes the following permitted units, 4 bedroom 3 bath house ($4800/mo), new 2 bedroom 2 bath ADU $3150.00/Mo, 2 bedroom – 1 bath JR ADU ($2350.00/Mo. Total Gross monthly income $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. ADU was installed 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 2021
both ADU and JR ADU were permitted by the City of Anaheim.
Great property with little maintenance since the house is remodeled and the ADU and JR ADU was recently completed
CAP rate of 5.5 is based upon NEW PROJECTED PROPERTY TAXES, IF old tax rates were used the cap rate would be 6.17
Great positive cash flow. Seller will GUARANTEE the rental income for 4 months after close of Escrow.