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125 N Belinda Cir

Anaheim, CA 92801
  • $12,500,000
  • STATUS: Active
  • ON SITE: 259 Days
  • MLS #: 22-158681
UPDATED: 41 min ago
$12,500,000
  • 0
    BEDS
  • 2.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 75,554
    SQFT
  • $165
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Description

This offering is for a 50% fee-simple interest in the asset which has an estimated value of $25,000,000. The Belinda Apartments is a 91-unit multifamily asset located at 125 North Belinda Circle in the heart of Anaheim. The property sits at the end of a cul-de-sac and features a unit mix of (51) 1-Bedroom + 1-Bathroom, (18) 2-Bedroom + 1-Bathroom, and (22) 2-Bedroom + 2-Bathroom units. The two-story property was built in 1970 and has +/- 75,544 square feet of improvements on an expansive +/- 132,553 square foot lot. A new Buyer will obtain ownership interest in the existing LLC and benefit from a higher than market yield, proven building track record, low vacancy, blended property tax rate, and a well maintained asset. The building has significant upside in rents which can be captured either through renovation of units as they turn, or slower growth through annual rent increases of 5% + CPI per AB1482.The Belinda Apartments offers residents a wide range of resort like amenities such as: expansive grounds, swimming pool and cabana, barbecues, controlled access, on-site lease office, private patios, efficient layouts, 131parking spaces, and three on-site laundry facilities. Anaheim is most known for its famous main attraction Disneyland, although other prominent employers like Angel Stadium, Anaheim Convention Center, and Kaiser Permanente Medical Center create huge demand for housing. Anaheim is also a big draw from neighboring cities like Buena Park, Orange& Fullerton - also home to large employers.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-02-02T14:43:11.227. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/128868619
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125 N Belinda Cir Anaheim, CA 92801

  • Price: $12,500,000
  • Status: Active
  • On Site: 259 Days
  • Updated: 41 min ago
  • MLS #: 22-158681
0
Beds
0
Baths
0
½ Baths
2.75
Acres
75,554
SQFT
$165
$/SQFT
1970
Built
Neighborhood:
Anaheim West Of Harbor
County:
Orange
Area:
Anaheim West Of Harbor
Property Description
This offering is for a 50% fee-simple interest in the asset which has an estimated value of $25,000,000. The Belinda Apartments is a 91-unit multifamily asset located at 125 North Belinda Circle in the heart of Anaheim. The property sits at the end of a cul-de-sac and features a unit mix of (51) 1-Bedroom + 1-Bathroom, (18) 2-Bedroom + 1-Bathroom, and (22) 2-Bedroom + 2-Bathroom units. The two-story property was built in 1970 and has +/- 75,544 square feet of improvements on an expansive +/- 132,553 square foot lot. A new Buyer will obtain ownership interest in the existing LLC and benefit from a higher than market yield, proven building track record, low vacancy, blended property tax rate, and a well maintained asset. The building has significant upside in rents which can be captured either through renovation of units as they turn, or slower growth through annual rent increases of 5% + CPI per AB1482.The Belinda Apartments offers residents a wide range of resort like amenities such as: expansive grounds, swimming pool and cabana, barbecues, controlled access, on-site lease office, private patios, efficient layouts, 131parking spaces, and three on-site laundry facilities. Anaheim is most known for its famous main attraction Disneyland, although other prominent employers like Angel Stadium, Anaheim Convention Center, and Kaiser Permanente Medical Center create huge demand for housing. Anaheim is also a big draw from neighboring cities like Buena Park, Orange& Fullerton - also home to large employers.
Exterior Features

Covered Parking 91 Lot Size Area 132571 Other Structures Cabana Parking Garage Covered ParkingUncovered Pool Description In GroundCommunity Pool YN Yes Total Parking 131

Interior Features

Baths Total 115.00 Common Walls Attached Cooling Wall Unit(S) Equipment None Heating Wall

Property Features

Assessed Total Value 8314311 Gross Income 1981618 Gross Operating Income 1981618 Like Units1 51 Like Units2 18 Like Units3 22 Net Operating Income 1297272.00 Number Of Buildings 1 Number Of Units 91 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 684346 Type Of Units Apartments Year Built Source Vendor Enhanced

Listing provided courtesy of Adam Zunder DRE#01821053 of Iconic Investments: 747-444-3300.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-02-02T14:43:11.227. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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