The Hermosa Village Portfolio is a 7-property, 38-unit multifamily investment opportunity located in Anaheim, California. The portfolio features a unit mix of 4 one-bedroom units, 24 two-bedroom units, and 10 three-bedroom units across buildings constructed between 1958 and 1964, totaling approximately 36,986 building square feet. Situated within Anaheim’s master-planned Hermosa Village community, the portfolio offers a cohesive collection of multifamily properties located near one another, providing an investor with operational efficiencies and scale within a concentrated geographic area. Each building features an on-site laundry facility, while 10 units include private patios. Parking is provided through a combined 16 carport spaces and 26 garage spaces. The portfolio’s central Anaheim location provides residents with convenient access to nearby schools, parks, neighborhood retail, restaurants, and major commercial corridors. The properties are also near several of the city’s most prominent destinations, including Disneyland Resort, Downtown Disney, Anaheim GardenWalk, the Anaheim Convention Center, Angel Stadium, and Honda Center. Located within walking distance of Disneyland Resort and Downtown Disney, the portfolio benefits from proximity to one of Southern California’s leading entertainment destinations and Anaheim’s largest employment center. Convenient access to Interstate 5 further connects residents to employment centers, shopping, dining, and other amenities throughout Orange County and surrounding cities.
Property Sub Type:
Apartment
Property Attached:
No
Lot Area:
1.29 acre(s)0.52 hectare(s)
Bathrooms:
-
(Full:-, Half:-)
Year built:
1964
(Age: 62)
General Listing Location:
Anaheim, 79 - Anaheim West of Harbor
County Or Parish:
Orange
Common Interest:
Community Apartment
Gross Income:
$1,035,150
Gross Scheduled Income:
$1,021,500
Net Operating Income:
$663,442
Cap Rate %:
5.15
Rent Control:
No
Association Fee:
$0
Land Lease:
No
Electric Expense:
$10,954
Fuel Expense:
$10,954
Insurance Expense:
$38,000
Maintenance Expense:
$34,200
Taxes expense:
146469.0
Operating Expense:
$341,063
Professional Management Expense:
$40,180
Trash Expense:
$10,954
Water and Sewer Expense:
$10,954
Vacancy Allowance:
$30,645
Vacancy Allowance Rate:
$3
Tax Lot:
3
Cross Streets of West Walnut Street & West Cerritos Avenue