1602 1608 W Juno Avenue, Anaheim, CA 92802
- $4,750,000
- List Price
- $4,750,000
- Status
- ACTIVE
- MLS#
- OC26138054
- Year Built
- 1960
- Lot Size
- 19,602
- Acres
- 0.45
- Lot Location
- Street Level
- Days on Market
- 33
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
1602 - 1608 West Juno Avenue is a 16+1 unit multifamily offering located in Anaheim, California. The property consists of two side-by-side apartment buildings on separate legal parcels, connected by a shared central courtyard. The unit mix includes 1 non-conforming studio, 12 one bed/one bath units, and 4 two bed/one bath units. The asset is supported by gated access, garage parking, two laundry rooms, and two main water heaters. Built in 1960, the property offers a strong combination of completed renovation work and remaining upside. 15 of the 17 total units have been renovated and 2 units remain in original condition. This provides investors with a mostly stabilized asset profile while preserving a clear path to increase income through targeted interior upgrades, continued rent optimization, and improved operation of the remaining non-renovated units. Additional value may be available through future ADU creation, subject to approval by the City of Anaheim and any other applicable authorities. With most of the renovation program already completed, 1602 - 1608 West Juno Avenue offers investors an Anaheim multifamily opportunity with strong in-place appeal, remaining unit-level upside, and additional long-term potential through future ADU creation.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 16
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 17
- Gross Scheduled Income
- $404,455
- Operating Expense
- 138101
Listing courtesy of Listing Agent: Tyler Leeson (tleeson@marcusmillichap.com) from Listing Office: Marcus & Millichap RE Invest.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.