Listed by Adam Zunder, Iconic Investments,

125 N BELINDA Circle

Anaheim, CA, 92801

$12,500,000

$165 per ft²
$12,500,000
$165 per ft²
Active
Active
 - For Sale
carpenters-square
75,554 ft²
property_type
Multi-family
calendar
Built 1970
This offering is for a 50% fee-simple interest in the asset which has an estimated value of $25,000,000. The Belinda Apartments is a 91-unit multifamily asset located at 125 North Belinda Circle in the heart of Anaheim. The property sits at the end of a cul-de-sac and features a unit mix of (51) 1-Bedroom + 1-Bathroom, (18) 2-Bedroom + 1-Bathroom, and (22) 2-Bedroom + 2-Bathroom units. The two-story property was built in 1970 and has +/- 75,544 square feet of improvements on an expansive +/- 132,553 square foot lot. A new Buyer will obtain ownership interest in the existing LLC and benefit from a higher than market yield, proven building track record, low vacancy, blended property tax rate, and a well maintained asset. The building has significant upside in rents which can be captured either through renovation of units as they turn, or slower growth through annual rent increases of 5% + CPI per AB1482.The Belinda Apartments offers residents a wide range of resort like amenities such as: expansive grounds, swimming pool and cabana, barbecues, controlled access, on-site lease office, private patios, efficient layouts, 131parking spaces, and three on-site laundry facilities. Anaheim is most known for its famous main attraction Disneyland, although other prominent employers like Angel Stadium, Anaheim Convention Center, and Kaiser Permanente Medical Center create huge demand for housing. Anaheim is also a big draw from neighboring cities like Buena Park, Orange& Fullerton - also home to large employers.
MLS® ID:
22158681
Listed:
5/17/22
Updated:
11/28/22
Coldwell Banker Realty
Lisa Karos

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Heating
Wall Furnace

Exterior/Building Features

Lot Size
3.04 acres lot

Other Property Details

Area Name
79 - Anaheim West of Harbor
HOA Amenities
Pool
Garage
No
Parking
Covered, Uncovered
Parking Total
131.0
View
N
County
Orange
Pool
No
Pool Description
Community, In Ground
Total Stories
2

Courtesy of Iconic Investments, Adam Zunder,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 11/28/22. 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.

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Data last updated 4:16 AM UTC, 11/28/22

Coldwell Banker Realty
Lisa Karos
Contact