2115 S Broden Street, Anaheim, California 92802, Anaheim, 92802 - 0 bed, 0 bath
Loading property details...
Anaheim, California 92802
This triplex represents a High-Potential Investment Opportunity, listed at $1,350,000—positioned above the $1,288,942 Fair Market Value. While currently priced above the automated estimate, the property offers a robust 5.36% CAP rate and a projected $77,000 NOI. With a Fair Condition Rating, the asset features a pool and low-maintenance HOA oversight. Its proximity to Disneyland and the Anaheim Convention Center ensures consistent rental demand. This is a stable, income-generating Buy-and-Hold Asset ideal for Passive Investors or Portfolio Diversifiers seeking reliable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2115 S Broden Street Subject | $1,350,000* List Price | 0 | 0 | 2,916 | $442 | - |
A 2115 1/2 S Broden Street Sold | $1,393,000 | 0 | 0 | 2,916 | $478 | 0.0 mi |
B 2134 S Acama Street Sold | $1,300,000 | 0 | 0 | 3,434 | $379 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this triplex is functional but dated. While the HOA maintains the exterior and roofs, the interiors show kitchens and bathrooms that are likely over 20 years old with basic cabinetry and laminate countertops. The presence of wall AC units instead of central HVAC and older electrical fixtures further supports a 'Fair' rating, as the property is move-in ready for tenants but requires modernization to meet current market standards.
Situated less than a mile from Disneyland and the Anaheim Convention Center, the property benefits from exceptionally high rental demand and long-term appreciation potential due to its proximity to major employment hubs.
The HOA handles comprehensive responsibilities including exterior maintenance, roofs, landscaping, and utilities, allowing for a nearly passive investment with minimal landlord involvement.
Boasting a 5.36% CAP rate with a projected NOI of $77,000, this property offers a significantly higher yield than the typical sub-4% returns found in comparable local multi-family assets.
With over 300 days on the market and a recent price reduction from $1.5M, the property may face perception issues regarding its initial valuation or liquidity.
While the HOA reduces workload, it limits the owner's control over property standards and subjects the investment to potential future fee increases or special assessments.
2115 Broden St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. ----MANAGEMENT RESPONSIBILITIES---The owner’s management responsibilities are minimized because the Homeowners Association manages and pays for all the following: insurance, daily grounds clean-up and inspections, landscaping, patrol service, pool service, laundry room, roofs, building painting/repairs, gates, fences, walkways, utilities (including water), and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $265 per unit per month. Owners of most other 3-unit buildings would have to pay much more for all those expenses. The major responsibility of the owner of this building is to collect rents. All current tenants use electronic rent payments, are never late, and, therefore, this property is ideal for someone who wants income, growth with inflation protection, and minimum time expenditure. ---GREAT INVESTMENT POTENTIAL----This location of this building ensures continued growth in value. It is one short block east of Harbor Blvd about one-half mile south of Disneyland. Within a ten-minute walk there are many major hotels, restaurants, and businesses that offer employment for residents. Proximity to employment opportunities also means increasing demand for rentals, higher rents, fewer vacancies, which results in increasing property values. Other similar 3-unit rental properties are often in areas that have stable, not increasing, demand and consequently, limited upside potential.-----GREAT CASH FLOW ------This property’s Net Operating Income for the next 12 months will be about $77,000, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $73380 the CAP rate is 5.36%. Other similar 3-unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not “Pro Forma” income) and realistic comprehensive expenses. Located close to Anaheim Convention center, Disneyland, Major hotels & restaurants, Angel Stadium, and UCI Medical Center. Just east of Harbor Blvd south of Orangewood. We just closed has the adjacent triplex at a higher price $1,393,000 in the same complex on June 30 !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,916 | 2,916 |
| Lot Size | 3,478 | 8,276 |
| Price | $1.35M | $1.41M |
| Price per sq ft | $463 | $485 |
| Built year | 1964 | 1969 |
| HOA | $660.0 | $528 |
| Days on market | 321 | 84 |
Nov 2, 2025
$1,350,000
$1,500,000
-10% Price Drop
Initial Listing
Sep 4, 2025
$1,500,000
Initial Listing