324 Leatrice Ln - Apartments FOR SALE


Anaheim, CA 92802- Anaheim Resort
$3,600,000 USD
949-300-5610
324 Leatrice Ln, Anaheim, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/11
null | 5.61% Cap Rate

324 Leatrice Ln
Anaheim, CA 92802
Anaheim Resort


HIGHLIGHTS

  • Exceptionally Maintained Investment Opportunity
  • Prime Anaheim Location 1/2 Mile from Disneyland Park
  • Desirable Mix of Large 2, 3, & 4 Bedroom Units, Averaging ±1125 SqFt
  • Recent Upgrades Include Interior Renovations, New Garage Doors, Landscaping, Rain Gutters, Electrical Subpanels, and SB721 Compliance

OVERVIEW

324 E. Leatrice Lane is a well-maintained, pride-of-ownership multifamily property located just minutes from Disneyland Park in Anaheim. The property features spacious 2, 3, and 4-bedroom units averaging more than 1,125 square feet, providing an attractive unit mix for a wide range of tenants. Property amenities include updated flooring, kitchens and bathrooms, private patios and balconies, on-site laundry facilities, and garage and tandem parking. Ownership has completed several recent capital improvements, including SB 721 compliance, partial roof replacement, new landscaping and gutters, new electrical subpanels and new garage doors, helping minimize near-term capital expenditures. With its desirable location, large unit sizes, and consistent rental demand, the property offers stable in-place income with the opportunity for future rental growth.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

8

PRICE/UNIT

$450,000

CAP RATE

5.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

324 E. Leatrice Lane

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RM-4

APN/PARCEL ID

137-339-02

ASK ABOUT THIS PROPERTY

Garrett BlairMorgan-Skenderian Investment Real Estate GroupMore Info
949-300-5610

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Garrett BlairMorgan-Skenderian Investment Real Estate GroupMore Info
949-300-5610

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