1381 S Walnut Street #2808
Anaheim, CA 92802
$ 500,000
Price
2
Beds
2.5
Baths
988 Sq. Ft.
$506 / Sq. Ft.
Zillow Price Estimate - $499,999
1397 Days On Market
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Take advantage of this rare income producing property right next to Disneyland! This condo is currently operating as a fully licensed, short-term rental property approved by the city of Anaheim, the HOA and CC&Rs. It is 1 of 277 permitted short term rental properties in the entire city of Anaheim. The city of Anaheim no longer issues new short term rental permits. The property boasts updated bathrooms and flooring. All furniture, fixtures, appliances and future reservations on VRBO are included in the sale. The property includes a single car detached garage and assigned parking space. You also have access to a playground and two swimming pools. Over the past 3 years the property has an average occupancy rate of 85%. Over the past 36 months, it's averaged $4,700/month in gross income. With the low interest rates that are currently available and the buyer managing the property, the Cap Rate could easily approach 10% on this investment.
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