1200 S Sharon Cir - Apartments FOR SALE
Anaheim, CA 92804 |
1200 S Sharon Cir
Anaheim, CA 92804
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
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
18006
STORIES
2
YEAR BUILT
1983
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
126-310-24
