125 N Belinda Circle, Anaheim

$12,500,000

Click the arrows next to the image to browse our photo gallery for this property.

0 Bed
0 Bath
3.04 Acres
0 Garage

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.

Essential Information

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
Community Features
Pool
Senior Community
N

Amenities

Parking Spaces
131
Parking
Covered, Uncovered
Garages
Covered, Uncovered
Has Pool
Yes
Pool
Community, In Ground

Interior

Heating
Wall Furnace
# of Stories
2

Additional Information

Date Listed
May 18th, 2022
Days on Market
141
HOA Fee Description
0.00

Listing Details

Agent
Adam Zunder
Office
Iconic Investments

LISTING MAP

Get directions to this property:

Based on information from California Regional Multiple Listing Service, Inc. as of October 6th, 2022 at 1:27pm PDT. 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.