2701 E La Palma Ave - Apartments FOR SALE


Anaheim, CA 92806- North Anaheim
$22,850,000 USD
949-756-3232
2701 E La Palma Ave, Anaheim, CA for Sale
$22,850,000 USD
Apartments - FOR SALE
1/6
null | 5.16% Cap Rate

2701 E La Palma Ave
Anaheim, CA 92806
North Anaheim


HIGHLIGHTS

  • Developed and Constructed by Current Ownership in 1973 – First Time on the Market
  • Large 1 and 2 Bedroom Units Situated on Over 3.2 Acres
  • All Electric Units with Individual Meters, Central A/C, and Individual Water Heaters
  • Well-Maintained Building with New Roof, GE Subpanels, and SB 721 Clearance
  • Excellent East Anaheim Location with Significant Frontage on La Palma Avenue
  • Approximate 7% Cap Rate on Market Rents

OVERVIEW

Triqor Group is pleased to present Casa La Palma Apartments, a well maintained multifamily investment opportunity in East Anaheim. Developed and constructed by the current ownership and offered for sale for the first time, the property was built in 1973 and is situated on more than 3.2 acres. The community features large one- and two-bedroom floor plans with central air conditioning, electric heating and cooking, individual electric water heaters, and individual electric meters. Property amenities include a pool, BBQ area, owned laundry facility, leasing office, gated entrance, and security camera system. Recent capital improvements include a new roof and SB 721 clearance. Casa La Palma presents a rare opportunity to acquire a sizable multifamily asset in a desirable East Anaheim location, offering a cap rate of over 5% on current income and approximately 7% on market rents.

FOR SALE DETAILS

PRICE

$22,850,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

81

PRICE/UNIT

$282,099

CAP RATE

5.16%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa La Palma Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

134

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,137 SF

ZONING

-

APN/PARCEL ID

268-313-01

ASK ABOUT THIS PROPERTY

Chris KeramatiTriqor GroupMore Info
949-756-3232

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Chris KeramatiTriqor GroupMore Info
949-756-3232

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