1512 S 9th St - Apartments FOR SALE


Anaheim, CA 92802- South Anaheim
$3,345,000 USD
949-629-7640
1512 S 9th St, Anaheim, CA for Sale
$3,345,000 USD
Apartments - FOR SALE
1/12
null | 5.15% Cap Rate

1512 S 9th St
Anaheim, CA 92802
South Anaheim


HIGHLIGHTS

  • Spacious 1 & 2 Bedroom Apartments
  • Strong In-Place Income - 5.2% Cap Rate Based on Current Rents
  • Ample Parking - 1.6 Garages per Unit
  • Built in 1976
  • New Roof (2023) & Partial Copper Re-Pipe (2015)
  • Prime Anaheim Location - Just 2 Blocks from Disneyland and Downtown Disney

OVERVIEW

This well-maintained 10-unit apartment building, built in 1976, is ideally situated in the heart of Anaheim, just two blocks from world-famous Disneyland and Downtown Disney. The property offers an attractive unit mix of large one-bedroom and twobedroom units, all featuring private patios or balconies, wall A/C units, and generous floorplans that appeal to long-term renters. Residents benefit from (16) enclosed garages (1.6 per unit), a convenient on-site laundry facility, and a recently completed new roof, enhancing the building's structural integrity and long-term value. The property currently operates at a strong 5.2% CAP rate on in-place rents with room still to increase income. Anaheim’s robust rental market is supported by a diverse economy driven by tourism, healthcare, education, and hospitality. With a high renter population and ongoing demand for quality housing in close proximity to entertainment, transit, and employment, this asset represents a rare opportunity to acquire a multifamily asset in an irreplaceable location ensuring long term appreciation in one of Orange County’s most recession resistant investment markets.

FOR SALE DETAILS

PRICE

$3,345,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

10

PRICE/UNIT

$334,500

CAP RATE

5.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,850 SF

ZONING

RM-1200, Anaheim

APN/PARCEL ID

129-343-30

ASK ABOUT THIS PROPERTY

Paul EspinosaMorgan-Skenderian Investment Real Estate GroupMore Info
949-629-7640

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Paul EspinosaMorgan-Skenderian Investment Real Estate GroupMore Info
949-629-7640

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