302 Bush StAnaheim, CA 92805

This exceptional investment opportunity presents an 8-unit apartment building situated in Anaheim, California, at 302 N. Bush Street. The property, built in 1956, comprises two two-story buildings encompassing 4,053 square feet on a 7,019 square foot lot. Currently boasting 100% occupancy, the property features eight one-bedroom, one-bathroom units, each individually metered for electricity and gas. Tenants are responsible for their own trash disposal. Amenities include security screen doors, carports, and eight on-site parking spaces. Recent upgrades include the installation of all-new electrical panels throughout the property. The property offers a current NOI of $97,700, with a projected NOI of $135,185, representing a significant 27% upside in rental income and a pro-forma cap rate of 6.78%. The asking price is $1,995,000, translating to $249,375 per unit and $492.23 per square foot. Its prime location in Anaheim provides easy access to major freeways (SR-91, SR-5, and SR-55), connecting residents to employment centers in Los Angeles and Orange County. Nearby attractions include the Anaheim Packing District, Anaheim Stadium, Downtown Disney, and Disneyland/California Adventure, all within three miles. This property, first on the market in over 55 years, presents a compelling value-add investment opportunity with substantial growth potential. The property's APN is 035-223-01.