We are pleased to present 120 N Belinda Cir, a 5-unit multifamily investment opportunity located in Anaheim, California. Built in 1978, the property totals approximately 4,331 rentable square feet on a 0.20-acre lot. The diverse unit mix includes one 3-bedroom / 1.5-bathroom townhouse, one 2-bedroom / 1-bathroom townhouse, one 2-bedroom / 1-bathroom flat, and two 1-bedroom / 1-bathroom flats. This range of floor plans appeals to a broad tenant base, from individuals to larger households seeking townhouse-style living.
Each unit is equipped with a dishwasher, garbage disposal, and wall heater, providing functional in-unit conveniences. Ownership has also made meaningful capital improvements, including a newer hot water heater and $30,000 spent for installation of new balconies. The SB 721 balcony inspection requirements have been met. These completed items address key compliance and maintenance considerations for an incoming owner. An on-site laundry room exists and is currently being used for storage, presenting an opportunity for a new owner to add supplemental income.
The property is situated in an established Anaheim residential neighborhood with excellent access to some of Orange County's premier employment and entertainment destinations, including Disneyland Resort, the Anaheim Packing District, Honda Center, Angel Stadium, and the Platinum Triangle. Residents benefit from close proximity to the 5, 57, and 91 Freeways, providing efficient regional connectivity throughout Orange County and Greater Los Angeles. With its strong location fundamentals, attractive unit mix, and long-term rental demand, 120 N Belinda Cir represents a compelling investment opportunity in one of Southern California's most desirable multifamily markets. Market 6.6% CAP Rate.
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
8,712 sq. ft.809 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1978
(Age: 48)
General Listing Location:
Anaheim, 79 - Anaheim West of Harbor
County Or Parish:
Orange
Tenant Pays:
Cable TV, Electricity, Gas
Common Interest:
None
Gross Income:
$112,200
Gross Scheduled Income:
$112,200
Net Operating Income:
$75,534
Cap Rate %:
4.81
Rent Control:
No
Total Actual Rent:
$112,200
Land Lease:
No
Electric Expense:
$600
Fuel Expense:
$1,440
Gardener expense:
1680.0
Insurance Expense:
$1
Maintenance Expense:
$2,500
Taxes expense:
17380.0
Operating Expense:
$33,300
Pest control expense:
$900
Professional Management Expense:
$0
Trash Expense:
$0
Water and Sewer Expense:
$1
Vacancy Allowance:
$3,366
Vacancy Allowance Rate:
$3
Tax Lot:
37
From the 5 Freeway, exit Lincoln Avenue and head west. Turn right onto N Belinda Circle. Property is located at 120 N Belinda Circle.
Appliances:
Dishwasher, Disposal, Gas Oven, Gas Range, Range Hood
Number of Buildings:
1
# of Electric Meters:
6
# of Gas Meters:
6
# of Water Meters:
1
# Units Leased:
5
Community Features:
Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Senior Community:
No
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
2-5 Units/Acre, Cul-De-Sac
Fireplace Features:
None
Subdivision Name:
West Anaheim
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
New Constr.:
No
Flooring:
Tile, Vinyl
Roof:
Composition, Mansard, Shingle
Common Walls:
1 Common Wall
# Units:
5
Heating:
Wall Furnace
Fireplace:
No
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected