1251 N Placentia Ave - Apartments FOR SALE


Anaheim, CA 92806- North Anaheim
$17,750,000 USD
949-307-8319
1251 N Placentia Ave, Anaheim, CA for Sale
$17,750,000 USD
Apartments - FOR SALE
1/12
null | 5.04% Cap Rate

1251 N Placentia Ave
Anaheim, CA 92806
North Anaheim


HIGHLIGHTS

  • Unit Mix Includes One- & Two-Bedroom Floorplans
  • (3) Two-Story Buildings on 1.95 Acres
  • In-Place RUBS
  • ADU Potential
  • Well-Maintained Landscaping & Garden-Style Courtyard, Swimming Pool & Spa, BBQ Area, On-Site Laundry Facilities, Covered & Open Space Parking
  • Recent Capital Improvements

OVERVIEW

Opportunity to acquire the OC Apartment Homes, a 56-unit multifamily community in Anaheim situated on 1.95 acres. The property features three two-story, garden-style buildings with a unit mix of one- and two-bedroom floorplans. Amenities include a landscaped courtyard, pool and spa, BBQ area, and on-site laundry. The asset operates with in-place RUBS and offers ADU potential for additional upside. Recent improvements include electrical upgrades, roof work, and renovated interiors with quartz countertops, modern cabinetry, vinyl windows, and updated flooring. Units feature air conditioning, gas heating, and are pre-wired for cable. The property is strategically located near State College Blvd. and N. Placentia Ave., providing strong access to surrounding employment and retail corridors.

FOR SALE DETAILS

PRICE

$17,750,000 USD

PRICE/SF

$449 USD /SF

# OF UNITS

56

PRICE/UNIT

$316,964

CAP RATE

5.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The OC Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,900 SF

ZONING

-

APN/PARCEL ID

268-211-10

ASK ABOUT THIS PROPERTY

Daniel BlackwellCBRE, Inc.More Info
949-307-8319

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Daniel BlackwellCBRE, Inc.More Info
949-307-8319

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