For Sale
$3,700,000

927 Bruce StAnaheim, CA 92804

14-Unit Apartment Complex, West Anaheim

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the Stonecrest Villas, a 14-unit apartment community located at 927 S Bruce St, Anaheim, CA 92804. This single-story garden-style complex comprises three well-maintained buildings constructed in 1959, offering a total of 7,579 square feet of net rentable space (APN: 127-292-14). The property features abundant parking and attractive landscaping. The majority of the units are one-bedroom apartments, each equipped with a patio, large mirrored closets, and individual wall air conditioning and heating units. Each building benefits from its own water heater. Approximately half of the units have undergone recent upgrades. The property has a proven track record of strong cash flow and presents significant upside potential. Market analysis suggests a potential 30% increase in rental income, leading to a projected 7% capitalization rate based on current market rents. This well-maintained asset offers a compelling return on investment for discerning buyers. The property is situated in the desirable West Anaheim area of Orange County.

Property Details for 927 Bruce St

Property type
Apartment buildings
Year Built
1959
Buildings
3

Location Insight

City
Anaheim
County
Orange
State
California
Latitude
33.818572859409
Longitude
-117.96915663844
927 Bruce St, Anaheim, California

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927 Bruce St
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