314 E Pearson Avenue, Anaheim, CA 92802

$6,200,000
List Price
$6,200,000
Status
ACTIVE
MLS#
OC24065210
Year Built
1962
Lot Size
25,700
Acres
0.59
Lot Location
16-20 Units/Acre
Days on Market
23
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
Two Levels
Neighborhood
, Other

Property Description

Pearson Gardens is a well-maintained and professionally managed asset with an excellent unit mix at an attractive cap rate. The property is a garden style two-story walk-up with polished landscaping and strong curb appeal, along with a gated walk-in entry, well-kept interior courtyard, clean on-site laundry room, and barbecue area. This twenty-unit multifamily complex consists of eight 1-bed 1-bath units and twelve 2-bed 1-bath units, some of which have private patios. All units are separately metered for gas and electricity. Over the last 28 months, fourteen units (11 full and 3 partial) have undergone extensive renovations ranging from all new flooring, bathrooms, kitchens, ceilings, fixtures, light switches and outlets, ceiling fans, and new paint. In addition, new dual glazed windows were installed in all the units along with other improvements including new exterior sign package, exterior stucco and paint, and landscaping. There is also private garage parking, assigned parking spaces, and permitted parking spaces on the street. Current Ownership have final plans for 4 ADU’s, which can be shared with a Buyer. Pearson Gardens is rated “very walkable”, with a walking score of 76. The property is located across the street from Ponderosa Park Family Resource Center, Ponderosa Elementary School, and Ponderosa Park. Conveniently located right off the CA-5 Freeway, it also has excellent access to all of Orange County. Just over one mile is UCI Medical Center, Platinum Triangle, Anaheim Convention Center, Anaheim Business & Industrial Park, Anaheim GardenWalk, Angel Stadium, The Outlets at Orange, and Honda Center. Just over 2 miles is Anaheim Regional Transportation Intermodal Center (ARTIC), Disneyland Resort, and Disney California Adventure Park. Within 4 miles is Children’s Health of Orange County (CHOC Main Campus – Orange), along with all schools within Anaheim City School District and Anaheim Union High School District, making this location great to access major retail, educational, and employment opportunities.

Additional Information

Appliances
Disposal, Gas Oven, Gas Range, Range Hood, Water Heater
Pool Description
None
Heat
Wall Furnace
Garage Spaces Total
20
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s), Quartz Counters
Attached Structure
Attached
Number Of Units Total
20
Gross Scheduled Income
$484,760
Operating Expense
158029

Listing courtesy of Listing Agent: Mark Bridge (Mark.Bridge@cushwake.com) from Listing Office: Mark Bridge, Broker.

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.