2115 1/2 S Broden Street, Anaheim, California 92802, Anaheim, 92802 - 0 bed, 0 bath
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Anaheim, California 92802
This Low-Maintenance Residential Income Triplex is a strategic asset listed at $1,350,000, valued for its exceptional cash flow and passive management structure. Delivering a 5.13% CAP Rate with a projected $69,260 Net Operating Income, the property offers superior returns for the Anaheim market. While currently holding a Condition Rating of 4, the building is well-preserved by an HOA that covers roofs, painting, and utilities. Located in a Prime Rental Location just blocks from Disneyland, it guarantees high tenant retention. This is a premier acquisition for Buy-and-Hold Investors or Passive Income Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2115 1/2 S Broden Street Subject | $1,350,000* List Price | 0 | 0 | 2,976 | $403 | - |
A 2134 S Acama Street Sold | $1,300,000 | 0 | 0 | 3,434 | $379 | 0.0 mi |
B 2115 S Broden Street Active | $1,350,000 List Price | 0 | 0 | 2,976 | $454 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this triplex is well-maintained through its HOA, which covers major exterior items like roofs and painting. However, the interior components, including the kitchens and bathrooms, appear dated with older cabinetry and standard appliances. While functional and move-in ready for tenants, the property lacks the modern renovations or recent system upgrades required for a higher rating, fitting the criteria for a property that is aged but maintained.
The HOA handles comprehensive responsibilities including roofs, exterior painting, landscaping, and utilities for a relatively low fee, making this an ideal 'hands-off' investment for passive owners.
Located just half a mile from Disneyland and within walking distance to major hotels and restaurants, the property ensures high tenant demand, low vacancy rates, and strong long-term appreciation.
Boasting a 5.13% CAP rate with a seller-guaranteed income for the first year, this triplex offers significantly higher returns compared to similar multi-family properties in the Anaheim market.
Built in 1964, the property may eventually require interior capital improvements or face plumbing and electrical issues common to structures of this vintage that fall outside of HOA coverage.
While the HOA provides many services, the owner is subject to community regulations and potential future fee increases or special assessments which could impact net operating income.
2115 ½ 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, 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 $69,260, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $69,260 the CAP rate is 5.13 %. 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. All units have enclosed 2 car garages with openers. This triplex is single story, located inside the gated area facing the courtyard. Just east of Harbor Blvd south of Orangewood. Owner also has another triplex and had a fourplex available for sale in the same complex. (Total of 10 units). All reduced by $150k/building. Seller may guarantee first years income and expenses. Note: The other Triplex is in escrow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,976 | 3,205 | 50% |
| Lot Size | 3,478 | 2,960 | 50% |
| Price | $1.35M | $1.32M | 50% |
| Price per sq ft | $454 | $416 | 50% |
| Built year | 1964 | 1964 | 50% |
| HOA | $660.0 | $770 | 50% |
| Days on market | 230 | 229 | 0% |
Nov 2, 2025
$1,350,000
$1,500,000
-10% Price Drop
Initial Listing
Sep 4, 2025
$1,500,000
Initial Listing