301 E Mills Drive
Anaheim, CA, 92805 $ 1,799,000
Bedrooms8 Baths8.0 Sq 3,473 Monthly Estimate*
$ 10,774
Listed by Marcus & Millichap RE Invest
for $1,799,000 with 8 bedrooms and 8 full baths. This 3,473 square foot home was built in 1986 on a lot size of 0.17.
301 East Mills Drive is a 4-unit multifamily investment property located in Anaheim, California. Built in 1986, 301 East Mills Drive offers exclusively two-bedroom units with in-unit laundry hookups, private balconies, security doors, and dual-pane windows. Residents enjoy the property’s amenities including gated pedestrian access leading to a spacious common-area courtyard and ample garage parking, with two reserved spaces per unit. Additionally, each unit features an individual water heater. 301 East Mills Drive offers new ownership the opportunity to diversify the unit mix and increase potential rental income through the development of an accessory dwelling unit (ADU). Current ownership is working on the permitting process with the city for the ADU, which is planned to be approximately 512 square feet. This ADU structure already has its own electrical meter and water connection. The property is situated in an optimal North Orange County location, between Downtown Anaheim and Downtown Fullerton, and in close proximity of an abundance of parks, schools, and retail centers. Residents enjoy the property’s close proximity to a plethora or outdoor activities at La Palma Park and Dog Park, as well as Pearson Park, a 19-acre park featuring a 2,000 seat amphitheatre. Additionally, 301 East Mills Drive is within a 2-mile radius of numerous local hotspots including Anaheim Packing District, Anaheim Plaza, The Rinks - Anaheim ICE, Fullerton Town Center, and Fullerton Metrocenter. Finally, the property benefits from its proximity to State Route 91 and Interstate 5, connecting residents to employment hubs throughout Southern California. SB-721 Balcony Work & Inspection Completed.
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FeaturesGeneralSewer PublicSewer
HOA 0.0
Garage Spaces 10.0
Pool Features None
Year Built 1986
Stories 1
Levels One
Property SubType Apartment
Gross Income 104160.0
Community Features Curbs Gutters Sidewalks
County Orange
Net Operating Income 68744.0
Operating Expense 32291.0
Insurance Expense 2400.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Subdivision Name Other
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Cross Streets of East Mills Drive & North Philadelphia Street
City Anaheim
Entry Location First level
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 4
MLS Area 78 - Anaheim East of Harbor
Lot Size Units Acres
Lot Size Square Feet 7405.2
Private Pool N
Waterfront Y/N N
Carport Y/N N
Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 620.0
Home Warranty Y/N N
Fuel Expense 620.0
Trash Expense 620.0
Water Sewer Expense 623.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 121
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional Apartment
Taxes 19777.0
Cap Rate 3.82
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ExteriorLot Features StreetLevel
Water Source Public
Total Parking 10.0
Lot Size Area 0.17
Number of Buildings 1
Spa N
Building Area Total 3473.0
Lot Size Acres 0.17
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features WasherHookup ElectricDryerHookup
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByMarcus & Millichap Re InvestBroker
Affordability Calculator
- Monthly Principal & Interest
- $10,774
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Anaheim, CA
Average List Price $2,175,302
Percent of Sale Price 21%
About Anaheim, CA 355,148 Population
9% Since 2002
$ 65,325 Median Income
35.17 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
7/8/2024 | $1,799,000 | -0.06% | Price Down |
6/20/2024 | $1,800,000 | -2.70% | Price Down |
5/14/2024 | $1,850,000 | | Listed Price |