|Property Use Type||Investment|
|Gross Rent Multiplier||8.85|
|Lot Size||0.44 AC|
|Building Size||11,424 SF|
Great Unit Mix, Mostly Two-Bedroom Units
Garden-Style Building, First Floor Private Patios
Fenced Courtyard and Playground, Two Parcels
Nice Landscaping, Slight Pitched Roof
Garages, Separate Electric Meters
On-Site Laundry Room, Security Screen Doors
The subject property is situated on two separate seven-unit parcels, offering a great unit mix of 10, two-bedroom units and four, one-bedroom units. The buildings are separately metered for electricity and master metered for gas. Each first level unit has a private patio, while all units have access to an on-site laundry facility and playground within a gated courtyard.
Located at 184 190 West Guinida Lane, this garden-style 14-unit complex is situated in a highly residential area of Anaheim. The apartment complex is conveniently located adjacent to Paul Revere Elementary and the YMCA. The area' s major cross street is Harbor Boulevard between Ball Road and Katella Avenue; near the Disneyland Resort, major shopping centers and entertainment venues that offer excellent employment opportunities for tenants.
Actual Year 2012
Scheduled Gross Income $205,800
Effective Gross Income $195,660
Operating Expenses $68,289
Net Operating Income $127,37
Description No. Units Avg. Mo. Rent Sq. Ft.
1 Bedroom & 1 Bathroom 4 $1,100 706
2 Bedroom & 1 Bath 10 $1,250 860