Anaheim, CA 92805 601 N Pauline Street
$2,350,000



4 more




Presented By: Mark Bridge with Mark Bridge, Broker; Mark.Bridge@matthews.com
Home Details
Current 6.4% CAP Rate! We are pleased to present 601 N Pauline St, a prime multifamily investment opportunity located in the thriving Anaheim rental market. Built in 1961, the property consists of eight well-maintained 1-bedroom / 1-bathroom units totaling approximately 5,136 square feet on a ±0.23-acre lot. The property features a desirable low-rise garden-style layout with strong curb appeal and functional floor plans averaging approximately 640 square feet per unit.
Each unit includes its own living room, kitchen with garage and uncovered parking, providing an attractive amenity package for tenants. Ownership benefits from separately metered gas and electric utilities, helping minimize operating expenses, while the on-site laundry facility with newer washers and dryers provide added tenant convenience and supplemental income potential. The property’s pitched roof design, newer hot water heater, ample parking, and well-maintained condition further contribute to its long-term investment appeal.
Ideally situated near Anaheim Boulevard and Lincoln Avenue, the property offers convenient access to major employment and entertainment destinations including the Anaheim Packing House, Disneyland, Honda Center, and Angel Stadium. Residents also enjoy close proximity to the 5, 57, and 91 Freeways, providing strong regional connectivity throughout Orange County and surrounding areas.
Presented By: Mark Bridge with Mark Bridge, Broker; Mark.Bridge@matthews.com
Interior Features for 601 N Pauline Street
Other Interior Features
Air Conditioning Y/NNo
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile, Vinyl
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 601 N Pauline Street
Additional Parcels Y/NNo
AppliancesDisposal, Gas Oven, Gas Range, Range Hood
Building Area UnitsSquare Feet
Cap Rate6.43
CityAnaheim
Community FeaturesCurbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Construction MaterialsFrame, Stucco
ContingencyDo Not Disturb Tenants, Drive by Only. Interior Inspection Upon Signed Contract.
CoolingNone
CountyOrange
DirectionsNear Lincoln Ave & Anaheim Blvd. North of Sycamore St on Pauline St.
Electric Expense2856
Entry Location1
Fuel Expense816
Garage Spaces8
Garage Y/NYes
Gross Income211440
HeatingNatural Gas, Wall Furnace
Insurance Expense7320
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet10018.8
Lot Size UnitsAcres
MLS Area78 - Anaheim East of Harbor
MaintenanceExpense4000
Net Operating Income151153
New ConstructionNo
Number Of Units Total8
Number of Units Leased8
Open Parking Spaces2
Operating Expense55144
Pool FeaturesNone
PostalCityANAHEIM
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameAnaheim Colony Neighborhood
Tax Lot035
Taxes$26,696
Tenant PaysElectricity, Gas, Trash Collection
Trash Expense0
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Sewer Expense2856
Year Built1961
Year Built SourceAssessor
Exterior for 601 N Pauline Street
Building Area Total5136
Lot Features6-10 Units/Acre
Lot Size Acres0.23
Lot Size Area0.23
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Parking FeaturesAssigned, Garage, Paved
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking10
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 5,136