2109 E Westport Dr - Apartments FOR SALE


Anaheim, CA 92806- South Anaheim
$3,800,000 USD
714-713-9086
2109 E Westport Dr, Anaheim, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/12
null | 5.26% Cap Rate

2109 E Westport Dr
Anaheim, CA 92806
South Anaheim


HIGHLIGHTS

  • Offered at a 5.26% CAP rate on current rents with the potential to achieve a 6.73% CAP rate on market rents.
  • The property consists of 12 one-bed/one-bath units and 2 two-bed/one-bath units.
  • Residents benefit from 14 on-site garage spaces, a notable amenity for a property of this vintage.
  • RUBS is in place to recapture utility costs, complemented by two on-site laundry facilities that benefit residents while generating additional income.
  • Adjacent to Anaheim Town Square, a major retail center anchored by Target and Northgate Market.
  • Located approximately 2 miles north of OC Vibe, Anaheim’s emerging 100-acre entertainment and urban district poised to further elevate the area.

OVERVIEW

The Westporter Apartment Homes is a well-located 14-unit multifamily investment situated on two adjacent parcels with a shared central courtyard at 2109 & 2113 East Westport Drive in Anaheim. Constructed in 1959, the property features a desirable unit mix of 12 one-bed/one-bath units and 2 two-bed/one-bath units, supported by 14 garage spaces, security entry doors, and two on-site laundry facilities (one per building). The asset is being offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents, providing clear income growth through continued rent optimization. Current ownership has implemented RUBS, allowing for the recovery of utility expenses and improving operational efficiency. Combined with ancillary income from laundry, The Westporter Apartment Homes presents investors with a balanced opportunity offering both immediate yield and long-term upside in one of Orange County’s most active rental markets. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

14

PRICE/UNIT

$271,429

CAP RATE

5.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Westporter Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

RM1200

APN/PARCEL ID

083-441-05,083-441-06

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.