Active
314 E Pearson Avenue
Anaheim CA, 92802
$6,200,000
$397.36 per sqft
Active
15,603 sqft
Condo
Built in 1962
Listed by Tyler Leeson with Marcus & Millichap RE Invest 714-713-9086
Pearson Gardens is a 20-unit multifamily investment property located in Anaheim, California. Pearson Gardens is a well-maintained, professionally managed property with an excellent unit mix in Anaheim. This garden-style, two-story walk-up features polished landscaping, strong curb appeal, and a gated walk-in entry. The building has a flat roof, a wood frame, and a stucco exterior. Inside, residents enjoy a well-kept interior courtyard, a clean on-site laundry room, and a barbecue area. The 20-unit property features 8, one-bedroom units and 12, two-bedroom/one-bathroom units, with select units including a private patio. All units are separately metered for gas and electricity, with water costs covered by the owner and electricity and gas paid by the residents. The property offers 26 private garage parking spaces, 1 surface parking space, and permitted street parking. Over the last 28 months, 14 units have seen extensive renovations, including 11 fully renovated and 3 partially renovated. Upgrades include new flooring, bathrooms, kitchens, ceilings, fixtures, light switches, outlets, ceiling fans, and fresh paint. Furthermore, all units have been fitted with new dual-pane windows. Additional property enhancements include a new exterior sign package, updated exterior stucco and paint, and improved landscaping. Current ownership has finalized plans for four accessory dwelling units (ADUs), which can be shared with potential buyers. Pearson Gardens is rated "very walkable," with a walk score of 76. It is conveniently located across the street from Ponderosa Park Family Resource Center, Ponderosa Elementary School, and Ponderosa Park. Proximity to Interstate 5 and the Anaheim Regional Transportation Intermodal Center (ARTIC) ensure convenient access to all of Orange County. Within a 1.5-mile radius of Disneyland Resort and Park, UCI Medical Center, Platinum Triangle, Anaheim Convention Center, Anaheim Business & Industrial Park, Anaheim GardenWalk, Angel Stadium, The Outlets at Orange, and Honda Center. Pearson Gardens' prime location provides convenient access to major retail, educational, and employment opportunities. Given the strong apartment market in Anaheim, this property presents an investor with the opportunity to attract quality tenants seeking a great location with easy access to various activities, transportation, health, education, and retail amenities.
OC24105020
MLSⓇ ID
May 23, 2024
Listed
September 19, 2024
Updated
Map
314 E Pearson Avenue
Anaheim CA, 92802
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.57 Acres
Lot Features
Street Level
Sewer
Public Sewer
Other Property Details
Area Name
78 - Anaheim East of Harbor
Garage
Yes
Garage Spaces
26
Parking Total
27
View
No
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing Contact: 949-419-3200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/19/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 9/19/2024 at 10:19 PM UTC