2115 S Broden Street, Anaheim, California 92802, Anaheim, 92802 - 0 bed, 0 bath
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Anaheim, California 92802
This Turnkey Triplex Asset represents a high-yield residential acquisition, listed at $1,350,000 and aligning with its $1,330,546 Fair Market Value. Boasting a 5.36% CAP Rate and a Good Condition Rating, the property features extensive interior renovations including shaker-style cabinetry, stone countertops, and stainless appliances. Its strategic location, just half a mile from Disneyland and the Anaheim Convention Center, ensures consistent rental demand and low vacancy. With the HOA managing all exterior maintenance and utilities, this is a premier "hands-off" opportunity 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 S Broden Street Subject | $1,350,000* List Price | 0 | 0 | 2,976 | $447 | - |
A 2134 S Acama Street Sold | $1,300,000 | 0 | 0 | 3,434 | $379 | 0.1 mi |
B 2115 1/2 S Broden Street Active Under Contract | $1,350,000 List Price | 0 | 0 | 2,976 | $454 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1964, the property has undergone extensive interior renovations. The units feature updated kitchens with modern shaker-style cabinetry, stone countertops, and stainless steel appliances. Bathrooms have been modernized with newer vanities and fixtures. The flooring has been upgraded to a mix of tile and laminate/LVP throughout. The property is move-in ready with well-maintained systems and exterior maintenance managed by the HOA, meeting the criteria for a 'Good' condition rating.
Situated just half a mile from Disneyland and the Anaheim Convention Center, the property sits in a high-demand rental corridor with proximity to major employers, ensuring low vacancy rates and long-term appreciation.
The HOA handles comprehensive responsibilities including roofs, exterior painting, landscaping, and utilities, making this an ideal 'hands-off' asset for investors seeking minimal management oversight.
Boasting a 5.36% CAP rate with seller-guaranteed leases and electronic payment history, the property offers a superior yield compared to many similar triplexes in the Orange County market.
Built in 1964, the property may eventually require significant capital expenditures for internal systems like plumbing or electrical that are not covered by the HOA's exterior maintenance scope.
While the HOA provides many services, the owner is subject to association governance, potential fee increases, and special assessments which can impact the long-term predictability of net operating income.
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. Owner also has another triplex available for sale in the same complex. Back on the market subject to cancellation document.
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