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$3,050,000
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3509 W Del Monte Dr
Anaheim, CA 92804
16 bed 13 bath 8,317 SqFt ($366/SqFt)
0.28 acre lot. Built 1964
Listed 2024-03-12, Taxes $26,001
Ⓧ USDA Ineligible
due to price & location

near Anaheim

Latest Value Estimates: $3,392,000 from Collateral Analytics on 2024-04-17. $3,329,751 from Quantarium on 2024-04-24. Forecast Estimate Value:$3,466,574 in 2025-02-01 by Collateral Analytics. $3,406,681 in 2025-04-01 by Quantarium.

3509 West Del Monte Drive is an 8-unit multifamily investment property locted in Anaheim

California. The property offers a highly desirable mix consisting of 1, one-bedroom unit, 6, two-bedroom units and 1, three-bedroom unit. Amenities at 3509 West Del Monte Drive include gated pedestrian access that leads to a central courtyard, private patios or balconies, ample garage parking and an on-site laundry facility. 3509 West Del Monte Drive is located within walking distance of Cypress College, a public community college that boasts an annual enrollment of approximately 16, 000 students and employs approximately 900 faculty and staff.

As Cypress College does not offer campus housing, the property has the unique opportunity to attract students looking for easy access to campus. The prope rty also benefits from its close proximity to Knotts Berry Farm, one of Orange Countys top attractions and employers. Furthermore, the property is located within 2 miles from Buena Park Downtown, an enclosed shopping mall that offers over 925, 000 square feet of retail space.


Presented by Tyler Leeson at
Marcus & Millichap Re Invest.


Property MLS #OC24050250 from CRMLS

Bedrooms: 16

Full Bathrooms: 13

Heating Features: Forced Air
Heating: Yes

Lot Description: Level with Street
Lot Size Acres: 0.28
Lot Size Source: Assessor
Lot Size Square Feet: 12197

Garage Spaces: 10
Parking Total: 10

Number of Units: 8
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 7

Calculated Total Monthly Association Fees: 0
Maintenance Expense: 5600.00

Vacancy Allowance: 6604

Community Features: Curbs, Gutters, Sidewalks

Source Listing Status: Active
County: Orange
Cap Rate: 4.93
Other Expense: 8856.00
Source Property Type: Residential Income
Insurance Expense: 4800.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
New Taxes Expense: 33612.00
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Number of Separate Water Meters: 1
Parcel Number: 13407265
Postal Code Plus 4: 1428
Trash Expense: 2600.00
Zoning: RM12
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$270,498 + $1,889,451
$2,159,949
$26,001
2021$265,195 + $1,852,403
$2,117,598
$25,635
2020$262,476 + $1,833,409
$2,095,885
$25,486
2019$257,330 + $1,797,460
$2,054,790
$24,856
2018$252,285 + $1,762,215
$2,014,500
$24,410
2017$293,918 + $447,666
$741,584
$10,064
2016$288,155 + $438,889
$727,044
$9,883
2015$283,827 + $432,297
$716,124
$9,780
2014$278,268 + $423,829
$702,097
$9,328
2013$277,011 + $421,913
$698,924
$9,270
2012$271,580 + $413,640
$685,220
$9,078
2011$266,255 + $405,530
$671,785
$8,766
2010$264,266 + $402,499
$666,765
$8,581
2009$264,894 + $403,456
$668,350
$8,455
2008$259,700 + $395,546
$655,246
$8,152
2007$254,608 + $387,791
$642,399
$7,915

Listed 2024-03-12
$3,050,000
CRMLS
Sold 2017-04-14
$1,974,545
Public Record
Sold 1992-12-02
$490,000
Public Record

Net Operating Income: 150268.00

Total Square Feet Living: 8317
Year Built: 1964
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: First level
Property Age: 60
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

Electric Expense: 2600.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2600.00
Water Source: Public

Orangeview Junior High School is a public middle school located approximately 0.4 miles away.
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Western High School is a public high school located approximately 0.5 miles away.
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San Marino Elementary School is a public elementary school located approximately 0.9 miles away.
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Knott Avenue Christian Church Early Childhood Dev is a private elementary school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.