118 Olive Street, Anaheim, CA 92805

$2,998,888
List Price
$2,998,888
Status
ACTIVE
MLS#
PW17162551
Year Built
1922
Lot Size
14,810
Lot Location
Lot 10000-19999 Sqft, Near Public Transit
Days on Market
71
Property Type
Multifamily
Stories
One Level
Neighborhood
Other (Othr)

Property Description

SVN Vanguard is pleased to present The Cottages at Olive. This beautiful multifamily residential community is located in the Anaheim Colony Historic District. It consists of six bungalow-style duplex buildings with tree-lined central courtyard. Each duplex consists of 2 one bedroom, one bathroom units. Built in 1922, the property offers vintage charm and thoughtful modern amenities that include 10 individual single car garages, laundry facilities, new roofs and air conditioners. The landscaped grounds boast matured growth that maintain the neighborhood's natural aesthetics and span a double parcel of approximately 14,704SF. The property is well maintained throughout offering a great pride of ownership investment for any investor who can realize an additional 10% upside in rent growth. Each unit provides its own entrance, water heaters and are individually metered for gas and electric. Most units feature living rooms that showcase a built-in hutch, ceiling fan and plantation style blinds. Kitchens offer built-in dining tables, ironing boards and modern appliances including gas stoves, dishwashers and microwaves. This twelve-unit property will be an excellent investment opportunity for investors who are looking at both long or short term investment horizons. The Cottages will be delivered with three vacant units (two are owner occupied), allowing a new investor an opportunity to immediately improve the property and command top-dollar rents.

Additional Information

Tract Number
303
Lot Description
Sidewalks, Street Lighting
Pool Description
None
View
Neighborhood
Roof
Shingle
Garage Spaces Total
10
Water
Public
Attached Structure
Attached

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Cameron Irons from SVN / Vanguard

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.