125 N Belinda Circle, Anaheim, CA

$12,500,000

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3.04

Acres

About 125 N Belinda Circle

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.

Features of 125 N Belinda Circle

MLS® # 22158681
Price $12,500,000
Bathrooms 0.00
Acres 3.04
Year Built 1970
Type Residential Income
Status Active

Community Information

Address 125 N Belinda Circle
Area 79 - Anaheim West of Harbor
City Anaheim
County Orange
State CA
Zip Code 92801

Amenities

Parking Spaces 131
Parking Covered, Uncovered
Garages Covered, Uncovered
Is Waterfront No
Has Pool Yes
Pool Community, In Ground

Interior

Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed May 18th, 2022
Days on Market 142
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentAdam Zunder
OfficeIconic Investments

Listing Map

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