CA > Anaheim
Anaheim, CA 92802,1629 West Ball Road
Anaheim, CA 92802,1629 West Ball Road
Anaheim, CA 92802,1629 West Ball Road
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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517
Listed by Stephen Eng • Universal Elite Realty
$2,400,000
Est. payment /mo
6,564 SqFt
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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,564 sqft

Price per Sqft $365

MLS Listing ID AR-25082560

Year Built 1960

Lot Size 9,583 Sqft

Property Sub-Type Apartment

Property 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.

Location

State CA

County Orange

Area 79 - Anaheim West Of Harbor

Interior

Laundry Common Area, Community, Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included

Exterior

Parking Features Gated

Garage Spaces 8.0

Pool None

Community Features Curbs, Park, Sidewalks

Building

Lot Description Front Yard, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Walkstreet, Yard

Sewer Public Sewer

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agent

Naghmeh Keyvani

+1(201) 759-6517

Broker Associate | License ID: DRE# 02091823

Broker Associate License ID: DRE# 02091823

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