PROPERTY DESCRIPTION

Pearson Gardens is a well-maintained and professionally managed asset with an excellent unit mix at an attractive cap rate. The property is a garden style two-story walk-up with polished landscaping and strong curb appeal, along with a gated walk-in entry, well-kept interior courtyard, clean on-site laundry room, and barbecue area. This twenty-unit multifamily complex consists of eight 1-bed 1-bath units and twelve 2-bed 1-bath units, some of which have private patios. All units are separately metered for gas and electricity. Over the last 28 months, fourteen units (11 full and 3 partial) have undergone extensive renovations ranging from all new flooring, bathrooms, kitchens, ceilings, fixtures, light switches and outlets, ceiling fans, and new paint. In addition, new dual glazed windows were installed in all the units along with other improvements including new exterior sign package, exterior stucco and paint, and landscaping. There is also private garage parking, assigned parking spaces, and permitted parking spaces on the street. Current Ownership have final plans for 4 ADU's, which can be shared with a Buyer.Pearson Gardens is rated ''very walkable", with a walking score of 76. The property is located across the street from Ponderosa Park Family Resource Center, Ponderosa Elementary School, and Ponderosa Park. Conveniently located right off the CA-5 Freeway, it also has excellent access to all of Orange County. Just over one mile is UCI Medical Center, Platinum Triangle, Anaheim Convention Center, Anaheim Business & Industrial Park, Anaheim GardenWalk, Angel Stadium, The Outlets at Orange, and Honda Center. Just over 2 miles is Anaheim Regional Transportation Intermodal Center (ARTIC), Disneyland Resort, and Disney California Adventure Park. Within 4 miles is Children's Health of Orange County (CHOC Main Campus - Orange), along with all schools within Anaheim City School District and Anaheim Union High School District, making this location great to access major retail, educational, and employment opportunities.