601 Pauline StAnaheim, CA 92805

Property Details for 601 Pauline St

Year built

1961

Lot size

0.23 AC

Property size (Sq ft)

5,134 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

035-165-24

APU

3516524

Description

This exceptional 8-unit apartment building presents a compelling investment opportunity in the thriving Anaheim, California rental market. Located at 601 N Pauline St, Anaheim, CA 92805, this property offers a total of 5,134 square feet of living space, housed within a charming 1961-built structure. The building boasts attractive curb appeal, a pitched roof, and the convenience of on-site laundry facilities for residents. Each unit benefits from separately metered utilities, simplifying management and cost allocation. Further enhancing its appeal, the property includes valuable garage parking for residents. This low-rise/garden-style apartment building is situated in a high-demand rental area, promising strong occupancy rates and consistent cash flow. The asking price is $2,375,000, representing a significant opportunity for investors seeking a well-maintained, income-producing asset in a prime Anaheim location. The property's vintage charm, combined with modern conveniences like separately metered utilities and on-site laundry, makes it an attractive option for tenants and investors alike. This is an ideal addition to any existing portfolio or a perfect starting point for new investors looking to enter the lucrative Anaheim real estate market. The strong rental market and desirable features make this a truly exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,375,532

  6.5%

  $1,269,722

  7%

  $1,179,027

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,403,747

  Geo Method

  $1,545,306

• Alternative Use

  Use

  Valuation

  Residential

  $1,269,722

  Hospitality

  $1,163,058

  Educational

  $967,651

  Medical

  $1,000,930

  Retail

  $1,505,234

Location Insight

City

Anaheim

County

Orange

State

California

Latitude

33.8423

Longitude

-117.91

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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