420 Melrose Street, Anaheim
$1,599,999 - 7 Beds, 4 BathsMLS® # PW24086278
$1,875,000
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Covington fourplex producing high net operating income less than 5 miles away from Disneyland. This larger fourplex at 4,286 sq. ft. has excellent curb appeal and is all unit’s tenant occupied with the coveted “3 bedrooms owner unit” in front. Each other unit comes with a spacious 2 bedrooms offering unique layouts including private yard patios, balcony, and a 5th enclosed garage space for additional storage or possible ADU opportunity. Community laundry room is coin operated and owner-owned equipped with 3 washers and 2 dryers for both additional monthly income and amenity convenience onsite. Built in 1966 with a lot size over 8,200 sq. ft. all units have their own separate meters for gas and electricity helping keep operating expenses low. Great location in arguably the best rental market in North Orange County, Anaheim is near everything a tenant could want including Cal State Fullerton, Angel Stadium, Honda Center, Downtown Disney, Packing District, Farmer’s Market, and much more. Perfect for commuters going as they please with easy access to Freeways 57 and 91. Property is a prime asset for any investor’s portfolio with enjoyable long-term upsides.
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Stucco, Wood Siding, Concrete, Frame, Glass
Lawn, Rectangular Lot, Sprinklers In Front, Street Level
Stucco, Wood Siding, Concrete, Frame, Glass
MLS® # PW24086278
Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 8:10pm 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.