116 118 Olive Street, Anaheim, California
116 118 Olive Street, Anaheim, California 92805 - SVN Vanguard is pleased to present The Cottages at Olive. This beautiful multifamily residential community is located in the Anaheim Colony Historic District. It consists of six bungalow-style duplex buildings with tree-lined central courtyard. Each duplex consists of 2 one bedroom, one bathroom units. Built in 1922, the property offers vintage charm and thoughtful modern amenities that include 10 individual single car garages, laundry facilities, new roofs and air conditioners. The landscaped grounds boast matured growth that maintain the neighborhood's natural aesthetics and span a double parcel of approximately 14,704SF. The property is well maintained throughout offering a great pride of ownership investment for any investor who can realize an additional 10% upside in rent growth.Each unit provides its own entrance, water heaters and are individually metered for gas and electric. Most units feature living rooms that showcase a built-in hutch, ceiling fan and plantation style blinds. Kitchens offer built-in dining tables, ironing boards and modern appliances including gas stoves, dishwashers and microwaves.This twelve-unit property will be an excellent investment opportunity for investors who are looking at both long or short term investment horizons. The Cottages will be delivered with three vacant units (two are owner occupied), allowing a new investor an opportunity to immediately improve the property and command top-dollar rents.
Listing Courtesy of Cameron Irons~SVN / Vanguard