About 2115 S Broden St
This is a stand-alone single-story Ranch style building that is one condominium unit with three separate (A, B, and C.) 2 bed, 1 ¾ bathroom apartments with a walk-in laundry room/Pantry, a huge (23 ft. X 18 ft.) Great Room, wall ac units, and 4 assigned garage parking spaces; features that make these rental units earn higher rents and lower vacancies than other 2 bedroom rentals. This income producing property is ideal for Income investors who want minimum management headaches - the owner does not have to manage the maintenance and repairs of the swimming pool, park-like common areas, laundry room, and garages for each apartment. The property owner will also not have to pay for insurance, patrol service, painting, roofs, or any exterior maintenance and repairs - all paid by and managed by the HOA. The monthly HOA dues are less than the cost of all services if there were no HOA. This income property has a GRM of 16.67 and a Cap Rate of 5.03%; both favorable numbers compared to similar properties. Drive by only, subject to interior inspection.
Features of 2115 S Broden St
| MLS® # | PW24030001MR |
|---|---|
| Price | $1,490,000 |
| Units | 3 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Square Footage | 3,000 |
| Acres | 0.09 |
| Year Built | 1964 |
| Type | Residential Income |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 2115 S Broden St |
|---|---|
| Area | Anaheim East of Harbor |
| Subdivision | Holiday Harbor III |
| City | ANAHEIM |
| County | Orange |
| State | CA |
| Zip Code | 92802 |
Amenities
| Amenities | Controlled Access, Other |
|---|---|
| Parking Spaces | 4 |
| # of Garages | 4 |
| Garages | Assigned, Garage, Private |
| View | None |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | In Ground, Association Pool, Fenced |
Interior
| Appliances | Range |
|---|---|
| Heating | Radiant |
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | No |
Exterior
| Exterior | Stucco |
|---|---|
| Roof | Composition |
| Construction | Stucco |
Additional Information
| Date Listed | February 27th, 2024 |
|---|---|
| Days on Market | 82 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 5.00 |
| Actual Annual Gross Rent | $7,450 |
| Gross Operating Income | $89,400 |
| Net Operating Income | $74,998 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $2,560 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $2,300 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $2,590 |
Listing Details
| Agent | Paula Barrett Ruiz (00945977) |
|---|---|
| Office | T.N.G. Real Estate Consultants |