1521 E Canfield Ln - Apartments FOR SALE


Anaheim, CA 92805
$6,495,000 USD
949-683-6662
1521 E Canfield Ln, Anaheim, CA for Sale
$6,495,000 USD
Apartments - FOR SALE
1/14
null | 5.54% Cap Rate

1521 E Canfield Ln
Anaheim, CA 92805


HIGHLIGHTS

  • High Demand Rental Area! Large Unit Sizes!
  • Great Unit Mix of 1 & 2 Bedroom Units!
  • Most Units Have Been Rehabbed! Security Cameras Throughout!
  • Individually Metered for Gas & Electric / Wall AC Units
  • New Main Electric Panels / Some New Vinyl Windows
  • Garages for Each Unit / Gated / Copper Plumbing

OVERVIEW

Alliance Investment Real Estate Group, as the exclusive listing agent, is pleased to offer for sale Montrose Villa Apartment Homes, a 20 unit multifamily community located at 1521 East Canfield Lane, in the city of Anaheim, California. This two story gated asset benefits from a desirable unit mix of one and two bedroom floorplans, with the average spacious square footage at approximately 752 square feet. Most of the units have been rehabbed to some degree including new vinyl flooring, Quartz countertops with designer backsplashes, new vanities, and new appliances. There are also many new vinyl windows and each unit has a wall AC. All of the main electrical panels have also just been replaced to eliminate any issues with insurance carriers. The property is also individually metered for Gas and Electric along with tenants paying for the trash directly to the city of Anaheim keeping operating costs for an owner to a minimum. On-site amenities include garages for each unit, a sparkling pool and on-site laundry room. While actual in place rents are strong providing for great cash flow, there is still room to raise rents for increased cash flow! Security cameras throughout the property also provide peace of mind to tenants as a safe and secure environment to live in. Additionally, the property boasts an incredibly convenient location, appealing to both regional commuters and local university students. Less than a mile from Montrose Villa Apartments sits the entrances to both the 91 freeway and 57 freeway, with easy access to the Greater Los Angeles job markets. Within just three miles of the property are found California State University Fullerton (CSUF) and Fullerton College. PROPERTY SOLD IN AS-IS CONDITION, BUYER TO VERIFY YEAR BUILT AND SQUARE FOOTAGE WITH THE CITY, AND SOLD AS IS. Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence. Please call listing office for more information. NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING AGENT FIRST TO DISCUSS AT: 949-250-0400.

FOR SALE DETAILS

PRICE

$6,495,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

20

PRICE/UNIT

$324,750

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montrose Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

R3

APN/PARCEL ID

073-562-39

ASK ABOUT THIS PROPERTY

Ruben KhorsandiAlliance Investment Real Estate GroupMore Info
949-683-6662

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Ruben KhorsandiAlliance Investment Real Estate GroupMore Info
949-683-6662

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