Skip To Content
    Return to Previous Page

    101 N Merrimac Drive , A-D

    Anaheim, CA 92807
    • $1,379,000
    • STATUS: Active Under Contract
    • ON SITE: 20 days
    • ID#: PW21001419
    Under Contract
    UPDATED: 123 min ago
    $1,379,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,082
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    We are pleased to present 101 N. Merrimac Drive, a 4-unit apartment complex located in the highly-desirable rental market of Anaheim. Situated on a corner lot conveniently located near the 55 and 91 Freeways, and just minutes from both Yorba Linda and Villa Park, two of Orange County's premier inland cities. The Merrimac Drive apartments is located on a quiet residential neighborhood, and just a short drive from both Eisenhower Park and The Village at Orange, a large shopping mall that has anchored local retail since 1971. This investment opportunity is comprised of highly-desirable 2-bedroom units with amenities such as garage parking, patios/balconies, and washer/dryer hookups. Recent improvements include all-new and rebuilt balconies, stairs, and landing, and 2-units feature granite countertops. Through continued upgrades and improved rents along with its stand-out location makes this an excellent investment opportunity. *All 2-Bedroom Units Situated on a Corner Lot, *Desirable Rental Location Near Villa Park, *Convenient Access to 55 and 91 Freeways, *Garages, Patios, Balconies, & Washer/Dryer Hookups, *Upgraded Flooring, Granite Countertops, New Balconies & Stairs, *Cash-Flow with Only 30% Down Payment

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T00:26:25.06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | eXp Realty of California Inc. Licensed in the State of California, USA.

    www.searchcaliforniahomes.net/homes/112996699
    Print Image

    101 N Merrimac Drive , A-D Anaheim, CA 92807

    • Price: $1,379,000
    • Status: Active Under Contract
    • Updated: 123 min ago
    • ID#: PW21001419
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,082
    SQFT
    $338
    $/SQFT
    1964
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    We are pleased to present 101 N. Merrimac Drive, a 4-unit apartment complex located in the highly-desirable rental market of Anaheim. Situated on a corner lot conveniently located near the 55 and 91 Freeways, and just minutes from both Yorba Linda and Villa Park, two of Orange County's premier inland cities. The Merrimac Drive apartments is located on a quiet residential neighborhood, and just a short drive from both Eisenhower Park and The Village at Orange, a large shopping mall that has anchored local retail since 1971. This investment opportunity is comprised of highly-desirable 2-bedroom units with amenities such as garage parking, patios/balconies, and washer/dryer hookups. Recent improvements include all-new and rebuilt balconies, stairs, and landing, and 2-units feature granite countertops. Through continued upgrades and improved rents along with its stand-out location makes this an excellent investment opportunity. *All 2-Bedroom Units Situated on a Corner Lot, *Desirable Rental Location Near Villa Park, *Convenient Access to 55 and 91 Freeways, *Garages, Patios, Balconies, & Washer/Dryer Hookups, *Upgraded Flooring, Granite Countertops, New Balconies & Stairs, *Cash-Flow with Only 30% Down Payment
    Exterior Features

    Garage Spaces 5.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 1.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Gas Dryer HookupWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.30 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 0.00 Gross Multiplier 15.97 Gross Operating Income 83750.00 Gross Scheduled Income 86340.00 Insurance Expense 1510.00 Land Lease YN No Laundry Income 0.00 Laundry YN Yes Maintenance Expense 4187.00 Maintenance Percent 5.00 Net Operating Income 59620.00 New Construction YN No New Taxes Expense 14449.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 24130.00 Operating Expense Percent 27.90 Other Expense 1403.00 Other Expense Description Utility Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Expenses 24130.00 Trash Expense 0.00 Vacancy Allowance 2590 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Rick Applebaum of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T00:26:25.06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | eXp Realty of California Inc. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365078552-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365078552-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365078552-1.jpg
    Logo
    Cory Home Team | eXp Realty of California Inc
    41951 Remington Ave., Ste 260
    Temecula CA, 92590