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Listed by Paul Espinosa • Morgan Skenderian
$ 3,345,000
Est. payment /mo
Pending
1512 S Ninth Street Anaheim, CA 92802
7,958 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,958 sqft
Price per Sqft $420
MLS Listing ID CRPW25162207
HOA Y/N No
Year Built 1976
Lot Size 0.341 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
This well-maintained 10-unit apartment building, built in 1976, is ideally situated in the heart of Anaheim, just two blocks from world-famous Disneyland and Downtown Disney. The property offers an attractive unit mix of large one-bedroom and two bedroom units, all featuring private patios or balconies, wall A/C units, and generous floorplans that appeal to long-term renters. Residents benefit from (16) enclosed garages (1.6 per unit), a convenient on-site laundry facility, and a recently completed new roof, enhancing the building's structural integrity and long-term value. The property currently operates at a strong 5.2% CAP rate on in-place rents with room still to increase income. *7 of the 10 units are eligible for 8% rent increases effective April 1, 2026.
Location
State CA
County Orange
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
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Sofia Gurevich
Real Estate & Mortgage Broker | License ID: CA DRE 01249163 I NMLS 287968