1776 W Glencrest Ave - Apartments FOR SALE


Anaheim, CA 92801- North Anaheim
$8,150,000 USD
714-713-9086
1776 W Glencrest Ave, Anaheim, CA for Sale
$8,150,000 USD
Apartments - FOR SALE
1/20
null | 4.65% Cap Rate

1776 W Glencrest Ave
Anaheim, CA 92801
North Anaheim


HIGHLIGHTS

  • Highly Desirable Mix Consisting of 13, One-Bedroom Units & 18, Two-Bedroom Units
  • In-Demand Property Amenities Including Ample Garage Parking (38 Total Spaces), On-Site Laundry Facilities, Private Patios & Balconies, & Pool
  • Optimal Anaheim Location in Close Proximity to Euclid Plaza & Anaheim Plaza, as Well as Many of North Orange County’s Largest Employers
  • Convenient Access to the Unique Shops & Restaurants of Downtown Anaheim & Downtown Fullerton

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Glencrest Apartments, a 31-unit multifamily investment property located in Anaheim, California. Situated on a sprawling 0.90-acre lot, Glencrest Apartments offers an attractive mix of one and two-bedroom units featuring vinyl and tile flooring, ceiling fans, and private patios or balconies. The gated property features a desirable amenity package including spacious courtyards, a swimming pool, two on-site laundry facilities, and ample garage parking. Glencrest Apartments benefits from it’s excellent Anaheim location, situated blocks away from Euclid Plaza and Anaheim Plaza, two neighborhood retail centers providing residents with easy access to a variety of grocers and retailers. The property is located just over 2 miles from Disneyland, a major economic and housing driver for the area, which accounts for over 21% of the city’s total employment (per Anaheim’s 2024 Annual Comprehensive Financial Report). Additionally, Glencrest Apartments offers convenient access to the unique shops and restaurants in Downtown Anaheim and Downtown Fullerton. Furthermore, the property benefits from its close proximity to Interstate 5 and State Route 91, connecting residents to employment hubs throughout Orange and Los Angeles Counties. In summary, Glencrest Apartments represents a unique opportunity to acquire a multifamily property in the direct vicinity of Disneyland and other major Anaheim area destinations. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$8,150,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

31

PRICE/UNIT

$262,903

CAP RATE

4.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glencrest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

272-041-05

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 Policy.