1280 E La Palma Ave - Apartments FOR SALE


Anaheim, CA 92805- North Anaheim
$3,600,000 USD
714-713-9086
1280 E La Palma Ave, Anaheim, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/14
null | 5.08% Cap Rate

1280 E La Palma Ave
Anaheim, CA 92805
North Anaheim


HIGHLIGHTS

  • 9-unit Anaheim multifamily offering featuring an all-townhome unit mix with spacious 2 bed/1.5 bath and 3 bed/2 bath floorplans.
  • Built in 1986, the property offers a later-vintage profile than much of the surrounding apartment inventory.
  • Each residence features a private fenced patio and upper-level balcony.
  • Strong unit-level amenities include central air & heat and individual water heaters.
  • Exceptionally generous parking supply with 9 carport spaces and 13 surface spaces for just 9 units.
  • Gated pedestrian access, on-site laundry, and completed SB 721 inspection enhance the resident amenity and ownership profile.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present 1280 East La Palma Avenue, a 9-unit multifamily property in Anaheim, California. Built in 1986, the property offers a more modern vintage than much of the surrounding apartment inventory and features a highly desirable unit mix entirely composed of 2-story townhome-style residences. The property includes five 2 bed/1.5 bath townhomes and four 3 bed/2 bath townhomes, providing larger floorplans that cater well to households seeking additional living space. Each unit benefits from both a private, fenced ground-level patio and a spacious upper-level balcony, creating a level of dedicated outdoor space that is uncommon in smaller multifamily assets. Central air and heat as well as individual water heaters further strengthen the unit-level amenity package. 1280 East La Palma Avenue also benefits from an exceptionally generous parking supply, with 9 carport spaces and 13 surface spaces for just 9 units. Additional community features include gated pedestrian access and on-site laundry, while the completion of the SB 721 inspection provides clarity around an important California compliance item. With rents currently positioned near market while still offering a measured level of upside, the property presents an attractive opportunity to acquire a later-vintage Anaheim apartment asset with a differentiated unit mix, strong resident-oriented amenities, and continued potential for income growth over time. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

9

PRICE/UNIT

$400,000

CAP RATE

5.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,029 SF

ZONING

A3, La Habra

APN/PARCEL ID

035-241-15

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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