735 N Philadelphia, Anaheim, CA 92805
- $1,350,000
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- OC26154496
- Year Built
- 1965
- Lot Size
- 7,841
- Acres
- 0.18
- Lot Location
- Back Yard, Front Yard
- Days on Market
- 12
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Neighborhood
- Other
Property Description
Turnkey, fully renovated duplex generating $7,200 per month in gross rental income. Situated on a 7,841 square foot lot, this exceptional investment features two detached homes, both extensively remodeled and fully leased. The property has undergone significant capital improvements, including new plumbing, a new roof, new windows, fresh exterior paint, and new hardscape, providing a low-maintenance investment for years to come. Utilities include three electric meters, two gas meters, and one water meter. A detached two-car garage and additional alley-access parking offer ample parking options. Architectural plans and supporting documents for an ADU conversion are complete and on hand, ready for submission to the City, presenting an outstanding value-add opportunity for future income potential (buyer to verify all plans, permits, and development requirements). This is a rare opportunity to acquire a stabilized, income-producing property with immediate cash flow and significant upside.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $86,400
- Operating Expense
- 15000
Listing courtesy of Listing Agent: Yazen Haddad (haddad.yazen@gmail.com) from Listing Office: E Realty.
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