302 E Wakefield Ave - Apartments FOR SALE


Anaheim, CA 92802- Anaheim Resort
$1,598,000 USD
323-559-3773
302 E Wakefield Ave, Anaheim, CA for Sale
$1,598,000 USD
Apartments - FOR SALE
1/9
null | 4.39% Cap Rate

302 E Wakefield Ave
Anaheim, CA 92802
Anaheim Resort


HIGHLIGHTS

  • Large 4,164 Sq. Ft. Building (1,041 Avg Unit Sq. Ft.)
  • Corner Lot with 10 Parking Spaces – 5 Garage Spaces & 5 Open Spaces
  • Excellent Unit Mix: (1) 3BD/2BA House, (2) 2BD/2BA & (1) 2BD/1BA
  • Approximately 22% Upside in Rents - $110,000+ Avg Household Income
  • ADU Potential
  • Possibly the Best Location in Anaheim!!!

OVERVIEW

Possibly the best location in all of Orange County! Walking distance to the Anaheim Convention Center (0.65 miles), Disney California Adventure (0.75 miles), Christ Cathedral (0.85 miles), and Angel Stadium (0.85 miles), the property benefits from its proximity to major employment centers, restaurants, shopping, and entertainment. The surrounding area boasts an average household income of over $110,000. The property features a large 4,164 square foot building with an average unit size of approximately 1,041 square feet and an excellent unit mix consisting of (1) 3 Bed / 2 Bath attached house, (2) 2 Bed / 2 Bath units, and (1) 2 Bed / 1 Bath unit. Situated on a corner lot, the property offers an exceptional 14 parking spaces, including 5 garage spaces, two 2-car tandem parking areas, and 5 additional open spaces. With approximately 22% upside in income, plus potential for an ADU, this property offers an outstanding combination of location, large units, abundant parking, and future income potential.

FOR SALE DETAILS

PRICE

$1,598,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

4

PRICE/UNIT

$399,500

CAP RATE

4.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Town Center Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,692 SF

ZONING

RM-4

APN/PARCEL ID

137-338-05

ASK ABOUT THIS PROPERTY

Angel BautistaStream Realty Partners, LPMore Info
323-559-3773

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Angel BautistaStream Realty Partners, LPMore Info
323-559-3773

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