1803 W Sumac Ln - Apartments FOR SALE


Anaheim, CA 92804- South Anaheim
$3,875,000 USD
949-500-5099
1803 W Sumac Ln, Anaheim, CA for Sale
$3,875,000 USD
Apartments - FOR SALE
1/7
null | 4.12% Cap Rate

1803 W Sumac Ln
Anaheim, CA 92804
South Anaheim


HIGHLIGHTS

  • Desirable Unit Mix of 1 & 2 Bedrooms
  • Two Seperate Parcels
  • Significant Value-Add Opportunity with an Estimated 46% Rental Upside
  • Minutes from Disneyland Resort, Downtown Disney, and Disney California Adventure
  • Garages for Secure Tenant Parking and Added Income Potential
  • Hot Water Re-Pipe, Majority New Gas Lines, New Garage Doors, New Water Heater

OVERVIEW

Morgan Skenderian, Inc., is pleased to present 1803 & 1807 Sumac Lane, a 14-unit investment opportunity located in Anaheim. Built in 1960 and consisting of one- and two-bedroom units, this property offers significant value-add potential with an estimated 46% in rental upside. The property features an onsite laundry facility, garages and a central courtyard for all tenants to use. Recent capital improvements include a hot water re-pipe, new gas lines (9 units), water heater (1807 building), and garage doors, making it a secure and promising addition to any investor's portfolio. Situated minutes away from notable attractions, including Disneyland Resort and Downtown Disney, tenants will enjoy convenient access to entertainment, shopping and employment opportunities.

FOR SALE DETAILS

PRICE

$3,875,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

14

PRICE/UNIT

$276,786

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,766 SF

ZONING

RM1200, Anaheim

APN/PARCEL ID

128-551-36,128-551-37

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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