1629 W Ball Road

Anaheim , CA 92802

MLS#: AR25082560

$2,400,000

Status: Active
Listing number: AR25082560
Listing provided by: Universal Elite Realty
Listing agent phone: None
Last update: 3 months ago
On site: 3 months ago
Browse Properties
Other - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1960

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    8

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Features

    Front Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Rectangular Lot

  • Lot Size(acres)

    0.22

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $2,400,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Orange

Elementary School

Middle School

High School

Listing Courtesy of Stephen Eng , Universal Elite Realty

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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.

1629 W Ball Road

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