802 W Water St, Anaheim, CA 92805

Property Description

This property is an operating Disneyland Vacation Rental with a finalized Short-Term Rental permit from the City of Anaheim. There are 4 bedrooms, 2 bathrooms and a fully equipped Kitchen, so your guests can cook meals for the group. It is 1.5 miles from Disneyland and the Anaheim Convention Center (6-minutes by car or Uber). The kitchen includes all stainless steel appliances and granite counter tops. The large dining room table comfortably seats 8 or your guests can enjoy a meal on the covered patio. This property is located on a corner lot with a large shade tree and has a 5-year operating history. With a ban on all NEW Anaheim short-term rentals, this is a great opportunity to get into the STR business with limited competition. The projected CAP Rate, with a 25% Professional Management Fee included, is 5.4%, based on a 57% Occupancy Rate. If the property is managed by the owner, the projected CAP Rate is 7.4%, base on a 57% Occupancy Rate. There is tons of upside potential with this property, as the CAP Rate could exceed 11%, with an Occupancy Rate of 80%.