121 S. ILLINOIS STREET | Anaheim

INVESTMENT OPPORTUNITY | Fourplex For Sale Orange County

4.75% Cap Rate

OFF-MARKET fourplex for sale in Orange County, California! Nestled in Anaheim Colony Historic District, these 4-units have long term, quality tenants for nearly 20 years! Great income producing fourplex with upside in rents and low maintenance.

$1,230,000

ABOUT The Property

The Ramzi Team of Engel & Völkers proudly present 121 S. Illinois Street in the city of Anaheim. This lovely 4-plex was built in 1973 and sits on a large lot of 7,338 square feet. Each unit is pleasantly spacious with 1,012 square feet of living area and is equipped with its own 1-car garage. Two units have their own balcony and the other two units have their own backyard. The building also features a laundry room with owned washing and drying machines. Recent cap-ex on fencing, paint, stucco, garage doors and more.

City Stats at a Glance

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Perfect LOCATION

Located in a quiet neighborhood, these 4 units are nestled in the Anaheim Colony Historic District; next to shopping centers, restaurants and entertainment. Conveniently located near schools, parks and Disneyland too. Easily accessible to the 5 FWY.

HISTORIC District

Since 1997, the Anaheim City Council has adopted four historic districts. Although Anaheim is comprised of historically significant structures throughout the City's 50 square miles, the vast majority are clustered in the area shown in the adjacent map. These districts encompass approximately two-square miles of Anaheim.

Watch VIDEO

In this video, Ramzi discusses the 'setup' on the investment property located at 121 S. Illinois Street. Surely you'll find his analysis and commentary to be beneficial and of value as you determine whether or not this particular income producing property makes sense for you to invest in! When looking for an ideal fourplex for sale in Orange County, it is essential to see the numbers before anything else. Take a look at the detailed financial analysis below after watching the video!

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UNIT 1

2 Bed | 1 Bath | 1,012 SqFt

UNIT 2

2 Bed | 1 Bath | 1,012 SqFt

UNIT 3

2 Bed | 1 Bath | 1,012 SqFt

UNIT 4

2 Bed | 1 Bath | 1,012 SqFt

Gross Scheduled Income

$78,000

Net Operating Income

$56,998

Annual Operating Expenses

$21,002

Operating Expense Ratio

26.93%

METRICS to Consider

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Fourplex For Sale In California - The Financial Analysis

Assuming that the investor puts 40% down and uses leverage at 3.75% on a 30 year fixed rate; the monthly cash flow generated after all expenses will be $1,415.

Unit #1 pays more than the other units because they have their own laundry machine; thereby using more water than the rest of the tenants.

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New Paint & Stucco

Freshly painted with new stucco

New Wood Fencing

Brand new wood fencing

Low Maintenance Yard

Low maintenance yard and building

Buyer INCENTIVE

Seller will provide $5,000 BONUS to buyer towards closing costs if offer is received and accepted by seller BEFORE TIME RUNS OUT below!

If you're interested in receiving an Offering Memorandum on this investment property, or if you have any other questions, provide us with your info below and an Advisor will get back to you right away! The market has shifted to favor serious buyers out there! Be sure you have the right agent representing you that understands the dynamics in the marketplace and has the experience and proper skill set to guide you with negotiations and successfully closing escrow.

Get Pre-Approved for Financing

James McKibban, Loan Officer

With many years of experience in the mortgage banking industry, and extensive practice in originating home loans for both purchase and refinance, James is a firm believer in excellent customer service and offering the most competitive pricing. When working with James and New American Funding you'll receive:

  • Professional advice and support in making your home financing decisions
  • A full spectrum of loan products from which to choose from
  • Consistent communication and follow up throughout the loan process from James and New American Funding's in-house operations team
  • Industry leading close times

OPPORTUNITIES?

Opportunities AREN'T MISSED!

They're just being taken BY THE NEXT GUY!

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Are you interested in FREE market evaluation report?

The market has shifted, and property values have changed too! If you’re thinking about selling soon, learn what your property is really worth from a pro. We are offering a market evaluation and comprehensive analysis of your home or investment property within your specific neighborhood; provided to you in a customized video for absolutely FREE! We respect your privacy; your information is 100% secure with us.

Competence. Exclusivity. Passion.​

The TRUTH is...the real estate market HAS SHIFTED!

Navigating this market requires working with a SEASONED PRO!

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Meet Our TEAM

Advisors & Assistants

Ramzi Ataya

global advisor

Ramzi continues to be the trusted source for real estate to investors, homeowners and prospective home buyers. Ramzi is valued for his highly analytic approach to all aspects facing challenges and assisting his clients during their real estate transaction.

Debbie Williams

Transaction Coordinator

Debbie has a great passion for real estate and has been immersed in the industry for over 15 years. Debbie is a team manager; where she's involved in the day to day responsibilities of working with buyers and sellers and the escrow process altogether.

James McKibban

Loan Officer

With many years of experience in the mortgage banking industry, and extensive practice in originating home loans for both purchase and refinance, James is a firm believer in excellent customer service and offering the most competitive pricing.

Mark Kelaidis

Managing Broker

Mark has been managing, coaching and training real estate agents and managers for nearly two decades. He's responsible for new business development, recruiting, growth and profitability; specializing in the turn around of under performing offices to profitability.

Are you ready to MEET RAMZI?

If you're thinking about SELLING or BUYING anytime soon, you'll first want to sit down with a seasoned pro. The market has shifted; so working with a qualified agent matters now more than ever. Please provide your contact information and select a date and time to schedule an appointment with Ramzi or one of his Team Advisors. If you’d like an Offering Memorandum (OM) on a particular property, kindly include the property address below.

Our Property Shop

As Advisors with Engel & Völkers, we're proud to tell you that we have a unique and different approach to working with our esteemed clientele. We are a real estate company that specializes in dealing with discerning individuals, just like you. We offer a red-carpet, white-glove approach to servicing our clients...all in a boutique-style environment.

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