The Downtown Anaheim Apartments are an 8 unit apartment building built in 1979, located among a plethora of new development. The building has a desirable unit mix of 4 (2+2) and 4 (1+1) apartments, all with long term tenants. Unit amenities include garage and open parking spaces, private enclosed patios, gated entry to the complex, gas cooking and heating, wall A/C (some), and a courtyard area. Building highlights include 1979 built, separately metered utilities, mostly stucco exterior walls (limiting termite damage), new exterior paint, new asphalt (garage area), copper plumbing throughout, and an onsite laundry room with owned machines. There is a realistic rental upside of 12 percent! The apartments are across the street from the Circa Town Home Development and 3 blocks south of the Anaheim Packing House. The location and construction of this asset create an opportunity for any investor to purchase an investment that will provide substantial room for growth as the area around it continues to develop. Cap Rate and GRM Based on proforma rents.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
