1629 W Ball Rd, Condo with 0 bedrooms, 0 bathrooms and 8 parking in Anaheim CA | Image 1

$2,400,000

1629 W Ball Rd, Anaheim, CA

Name: 1629 W Ball Rd, For Sale in Anaheim - eXp Commercial Brokerage
Brand: Universal Elite Realty
SKU: AR25082560
Price: 2400000 CAD

Condo

For Sale

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008

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage Yes

Maintenance Fees

Taxes

Days Active 61

Approx. Age 1960

MLS® Number AR25082560

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description

MLS® NumberAR25082560

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area, Washer Hookup, Gas Dryer Hookup

Exposure

Exterior

GarageYes

Approx. Age1960

Stories2

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

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