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$4,400,000
Est. payment /mo
0.55 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26196825
HOA Y/N No
Year Built 1960
Lot Size 0.550 Acres
Property Sub-Type Apartment
Property Description
We proudly offer the generational opportunity to acquire 161-175 W Guinida Lane, a single-story value-add 12-unit multifamily investment property comprised of three separately parceled 4-unit buildings located in Anaheim, CA. Being offered for the first time in 59 years, the subject property features a desirable unit mix comprised exclusively of two-bedroom/one-bathroom floor plans (approximately 792 sq ft). 161-175 W Guinida Lane is also equipped with a multitude of amenities such as (12) garage parking spaces, (8) surface parking spaces, spacious private patios, and on-site laundry facilities with 100-gallon water tanks in 161 and 175 W Guinida Lane. 167 W Guinida Lane is equipped with washer and dryer hook ups and a 50-gallon water tank, but is currently being operated as a utility room, which can be easily converted back to a functioning laundry facility.
161-175 W Guinida Lane benefits from its outstanding location being located in the heart of Anaheim near the city's most popular attractions such as Disneyland, Downtown Anaheim, and the Platinum Triangle. The subject property is also located near educational institutions such as Anaheim High School and within walking distance to Paul Revere Elementary School providing residents a balanced living environment due to its proximity to entertainment, schools, shopping, and dining.
The current owner has also demonstrated a hands-on approach to maintaining the building with upgrades such as new asphalt paving in front of garages and assigned parking spaces in 2021 ($9,000), fully renovating a unit in 2026 at 167 W Guinida Lane ($30,000) fully replacing all three roofs on each building in 2022 ($77,000), and upgrading bathrooms and kitchens in additional units over the past 2 years totaling $25,000.
161-175 W Guinida Lane benefits from its outstanding location being located in the heart of Anaheim near the city's most popular attractions such as Disneyland, Downtown Anaheim, and the Platinum Triangle. The subject property is also located near educational institutions such as Anaheim High School and within walking distance to Paul Revere Elementary School providing residents a balanced living environment due to its proximity to entertainment, schools, shopping, and dining.
The current owner has also demonstrated a hands-on approach to maintaining the building with upgrades such as new asphalt paving in front of garages and assigned parking spaces in 2021 ($9,000), fully renovating a unit in 2026 at 167 W Guinida Lane ($30,000) fully replacing all three roofs on each building in 2022 ($77,000), and upgrading bathrooms and kitchens in additional units over the past 2 years totaling $25,000.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Heating Forced Air
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Sidewalks
Total Parking Spaces 20
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 08249105
Energy Description 5355.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Paul Banke Kirklen Investment Group #02113308
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