1200 S Sharon Cir - Apartments FOR SALE


Anaheim, CA 92804- South Anaheim
$7,700,000 USD
714-713-9086
1200 S Sharon Cir, Anaheim, CA for Sale
$7,700,000 USD
Apartments - FOR SALE
1/18
null | 4.8% Cap Rate

1200 S Sharon Cir
Anaheim, CA 92804
South Anaheim


HIGHLIGHTS

  • Financial Metrics: Delivers a 4.80% cap rate on current income with a pro forma cap of 5.97% based on market rents
  • Desirable Unit Mix: 18 two-bedroom and 4 one-bedroom units; all with private patios or balconies, air conditioning, and separate metering
  • Well-Amenitized with Favorable Parking Ratio: 22 garages, 18 carports, and 12 surface spaces provide 2.36 spaces per unit
  • Rent Upside: In-place rents approximately 12% below conservative market estimates, allowing for rent growth through natural turnover
  • Prime Anaheim Location: Convenient access to schools, employment hubs, part of a strong rental market with low vacancy and steady rent growth

OVERVIEW

Introducing Brighton Court – a rare 22-unit multifamily investment opportunity in Southwest Anaheim, available for purchase for the first time. The offering features a mix of one- and two-bedroom layouts, all of which are individually metered for water, gas, and electricity. Additional amenities include private patios or balconies, air conditioning, and on-site laundry. Residents benefit from an above-average parking ratio of 2.36, with garage, carport, and surface spaces available. Recent upgrades include a full roof replacement (2024), completed SB 721 inspection with only minor recommendations, and a passing inspection on the in-unit electrical panels. The current average rent is approximately 12% below market, offering a clear value-add path via natural turnover and modest improvements. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s)*

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

22

PRICE/UNIT

$350,000

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

126-310-24

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.