1236 N Dresden Place, Anaheim, California 92801, Anaheim, 92801 - bed, bath
ACTIVE$1,299,000
1236 N Dresden Place, Anaheim, California 92801
0Bed
0Bath
3,234Sqft
7,841Lot
Year Built
1959
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$402
HOA
-
Days on market
-
Sold On
-
MLS number
PW25054819
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.30M(50th), sqft - 3234(63th), beds - undefined(50th), baths - undefined(50th).
3 Unit Property Great For Investors. Cap Rate 6.0%. Unit A: 2 beds 1 Bath and Rent $2000/mo & 2 Car Garage. Unit B: 2 beds 1 bath rent $2400/mo & 1 Car Garage. Unit C: 2 beds 1 bath Vacant (possible rent $3600/mo.) & 3 Parking Space. Total Rent $8000/mo. This is a Great investment with Positive Cash Flow. Property is being Sold AS-IS. Offer Subject to Interior Inspection.
Condition Rating
Poor
Built in 1959 and sold 'AS-IS,' this triplex shows significant signs of age and deferred maintenance. The kitchens feature very dated white cabinets, laminate countertops, and older appliances. Bathrooms have outdated vanities, fixtures, and tile surrounds. Throughout the units, popcorn ceilings are prevalent, and flooring consists of worn carpets and dated marble-look tiles. While functional, the property requires substantial cosmetic updates and likely major system replacements (HVAC, plumbing, electrical) to meet modern standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Multi-Unit Investment (Triplex): The property is a 3-unit triplex, explicitly marketed as a 'Residential Income' property, making it an ideal asset for investors seeking multiple income streams.
Strong Rental Income & Positive Cash Flow: With a total potential rent of $8,000/month and a stated 6.0% Cap Rate, the property offers significant positive cash flow, enhancing its financial attractiveness.
Vacant Unit for Immediate Upside: Unit C is currently vacant, providing the new owner with the flexibility to select a new tenant, potentially achieve the projected higher rent of $3,600/month, or even occupy the unit.
Ample Dedicated Parking: The property offers excellent parking provisions, including a 2-car garage for Unit A, a 1-car garage for Unit B, and 3 dedicated parking spaces for Unit C, a valuable amenity for tenants.
Desirable Unit Configuration: All three units are 2 beds, 1 bath, a highly sought-after and versatile configuration that appeals to a broad range of renters, ensuring consistent demand.
Cons
Sold 'AS-IS' Condition: The property is being sold 'AS-IS,' indicating that the seller will not make repairs and suggesting potential for deferred maintenance or necessary upgrades that could incur additional costs for the buyer.
Older Property Construction: Built in 1959, the property's age suggests that major systems (e.g., plumbing, electrical, roof, HVAC) may be original or outdated, potentially requiring significant capital expenditures in the near future.
Unverified Vacant Unit Rent & Discrepancy: The 'possible rent $3600/mo' for the vacant Unit C is significantly higher than the current rents for Units A ($2000) and B ($2400), requiring thorough market verification and potentially indicating that the other units are under-rented or the projected rent for C is optimistic without further improvements.