1629 W Ball Road, Anaheim, CA 92802 - Berkshire Hathaway HomeServices California Properties
1629 W Ball Road Anaheim, CA 92802
$2,400,000 0 beds, 0 baths
0 sqft

Agent Remarks

1629 W. Ball Road, Anaheim, CA, a beautiful eight-unit apartment community in the heart of Anaheim. This investment offers a rare opportunity to acquire a well-located multifamily asset with strong upside potential, including 20-25% rental growth opportunities. The low-maintenance property ensures easy management, while the high-demand rental market provides stability for investors. The eight-unit apartment building spans ±6,564 square feet on a ±9,583-square-foot lot. The unit mix consists of two two-bedroom/one-bath units and six one-bedroom/one-bath units. The units are separately metered for electricity and gas. There is a laundry room on-site for additional income potential. Tenants also benefit from the eight-car covered garage with alley access. The Current GRM is 13.79, with a projected pro forma of 11.56. With rents below market rates, pro forma rents indicate a potential 20-25% increase. The current Net Operating Income (NOI) is over $125,000, with room for improvement. 1629 W Ball Road is in a prime Anaheim location near Downtown Anaheim. The property offers exceptional tenant appeal with proximity to major employment centers, shopping, and entertainment. The Disneyland Resort is about 2.5 miles away, Anaheim Plaza & Marketplace is nearby to offer retail and grocery options, and the site is within walking distance to dining and nightlife entertainment options. Additionally, Freeway access is convenient, with quick connections to Interstate 5 and 91 and the 57 Freeway. Current rents are significantly below market, presenting an immediate value-add opportunity for investors. Inquire today for more information about the strong investment potential at 1629 W Ball Road.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# AR25082560
List price is $2,400,000
Beds: 0
Baths: 0
Built in 1960
2 stories
0.22 acres
Lot size: 0.2200
Subdivision: Other
County: Orange
Appliances: Dryer,Washer
Lot description: Front Yard,Sprinklers In Rear,Sprinklers In Front,Lawn,Landscaped,Rectangular Lot,Sprinklers Timer,Sprinkler System,Street Level,Walkstreet,Yard
MLS area: 79 - Anaheim West of Harbor

Last Updated: 4/23/2025

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This listing belongs to the 79 - Anaheim West of Harbor MLS area

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Lat/Long: 33.818288, -117.938559.
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Listing Agent: Stephen Eng
Lic#: 01234982
Office Name: Mission Viejo

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