3420 W Danbrook Ave - Apartments FOR SALE


Anaheim, CA 92804- South Anaheim
$1,400,000 USD
714-713-9086
3420 W Danbrook Ave, Anaheim, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

3420 W Danbrook Ave
Anaheim, CA 92804
South Anaheim


HIGHLIGHTS

  • The property features three 2-bedroom/1-bath units and one 2-bedroom/2-bath unit, each with a private patio that enhances tenant appeal and retention.
  • Recent upgrades include a new hot water heater, replaced water and sewer lines, new ovens and wall heaters, and a remodeled courtyard.
  • Most windows have been upgraded to dual-pane for improved comfort and efficiency, and each unit includes a security door for added safety.
  • Five garage spaces and an on-site laundry facility provide convenience for residents and support strong rental demand.
  • Current rents are well below market, offering investors a clear opportunity to increase income through renovations and improved management.
  • Located within walking distance of multiple grocery-anchored shopping centers at Knott and Lincoln, providing easy access to retail and dining.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present 3420 West Danbrook Avenue, a well-maintained 4-unit multifamily investment property located in Anaheim, California. Built in 1961 on a 0.20-acre parcel, the property features a desirable mix of three 2 bed/1 bath units and one 2 bed/2 bath unit. Each residence includes a private patio and security door, while most windows have been upgraded to dual-pane for improved comfort and energy efficiency. Additional amenities include five garage spaces, an on-site laundry facility, and a remodeled central courtyard that enhances the property’s overall appeal. Current ownership has completed several key capital improvements, including a new water heater, replaced the water and sewer lines, installed new ovens and wall heaters, and made courtyard renovations. These updates reduce future maintenance needs and position the property well for continued strong performance. With current rents more than 60% below market levels, the asset offers immediate upside potential through interior renovations and rental rate adjustments. The property benefits from a convenient location within walking distance of multiple grocery-anchored shopping centers at the intersection of Knott Avenue and Lincoln Avenue. It is also conveniently located near all three levels of schooling: Danbrook Elementary, Orangeview Junior High, and Western High School, appealing to family-oriented tenants. Cypress College, located less than a mile away, serves over 13,000 students annually and provides a consistent source of housing demand. In addition, the property is just over one mile from Knott’s Berry Farm and Buena Park Downtown, two major regional attractions that contribute to the area’s strong economic and employment base. 3420 West Danbrook Avenue presents investors with a rare opportunity to acquire a stabilized, well-located Anaheim multifamily property with strong fundamentals, proven maintenance history, and clear rental upside in one of Orange County’s most resilient rental markets. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

4

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

135-343-06

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.