116 Olive Street

  • Anaheim

  • $2,998,888
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Residential Income Details

Description
SVN Vanguard is pleased to present The Cottages at Olive. This beautiful multifamily residential community is located in the Anaheim Colony Historic District. It consists of six bungalow-style duplex buildings with tree-lined central courtyard. Each duplex consists of 2 one bedroom, one bathroom units. Built in 1922, the property offers vintage charm and thoughtful modern amenities that include 10 individual single car garages, laundry facilities, new roofs and air conditioners. The landscaped grounds boast matured growth that maintain the neighborhood's natural aesthetics and span a double parcel of approximately 14,704SF. The property is well maintained throughout offering a great pride of ownership investment for any investor who can realize an additional 10% upside in rent growth. Each unit provides its own entrance, water heaters and are individually metered for gas and electric. Most units feature living rooms that showcase a built-in hutch, ceiling fan and plantation style blinds. Kitchens offer built-in dining tables, ironing boards and modern appliances including gas stoves, dishwashers and microwaves. This twelve-unit property will be an excellent investment opportunity for investors who are looking at both long or short term investment horizons. The Cottages will be delivered with three vacant units (two are owner occupied), allowing a new investor an opportunity to immediately improve the property and command top-dollar rents.
Essential
MLS #PW17162551
Price$2,998,888
Number of Units12
Sale TypeThird Party Approval
Acres0.34
StatusActive
Listing BrokerageSVN / Vanguard
Listing AgentCameron Irons
Listing Agent BRE #01176224
Interior
Exterior
ParkingAssigned
Garage Spaces10
ViewNeighborhood
PoolNone
RoofingShingle
Community
Area78 - Anaheim East of Harbor
TractOther (OTHR)
CommunitySidewalks,Street Lighting
Address116 Olive Street
CityAnaheim
CountyOrange
StateCA
ZipCode92805
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 1, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.