3555 W Cerritos Ave - Multi-Family FOR SALE


Anaheim, CA 92804- South Anaheim
$1,800,000 USD
949-942-1311
3555 W Cerritos Ave, Anaheim, CA for Sale
$1,800,000 USD
Multi-Family - FOR SALE
1/20
null | Request Cap Rate

3555 W Cerritos Ave
Anaheim, CA 92804
South Anaheim


HIGHLIGHTS

  • Attractive 40% In Rental Upside
  • Desirable Unit Mix Of Spacious Three And Two Bedroom Floor Plans
  • Located in The Strong Rental Market of Anaheim, Where 54% Of Residents Rent
  • Residents Enjoy Amenities Such As Garage Parking, W/D Hookups, Private Patios, And Private Balconies
  • First Time On The Market In 47 Years
  • Convenient Access to SR-22 And I-405 Freeway Providing Residents Ease Of Transportation Throughout California And Beyond

OVERVIEW

3555 W Cerritos Avenue is an exceptionally well-maintained four-unit multifamily investment property located in the highly desirable city of Anaheim, California. Built in 1973, the subject property offers an ideal unit mix consisting of (1) three-bedroom/two-bathroom owners unit, (2) two-bedroom/two-bathroom units, and (1) two-bedroom/one-bathroom unit which appeals to a wide range of residents. Situated on a generous 8,180 SF lot, the subject property provides attractive amenities including washer/dryer hookups, (5) garage parking spaces, (1) open parking space, private patios, and private balconies. These conveniences contribute to strong resident demand and long-term occupancy. Current ownership has demonstrated meticulous care and a proactive approach to maintenance. 3/4 units have been updated in recent years with improvements such as new flooring, fresh paint, and granite countertops in select units. Additional improvements include new exterior paint for the building six months ago and new automatic garage doors three years ago. The building is also equipped with copper plumbing and separate 40-gallon water heaters for each unit. This hands-on approach ensures minimal deferred maintenance, allowing a new owner to benefit from reduced turnover costs and stable operations from day one. 3555 W Cerritos Avenue represents an outstanding opportunity for an astute investor to acquire a well-maintained asset with proven upside. With its desirable Anaheim location, quality renovations, steady rental demand, and potential for continued rent growth, this property is optimally positioned to deliver strong cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$412 USD /SF

# OF UNITS

4

PRICE/UNIT

$450,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cerritos Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,182 SF

ZONING

-

APN/PARCEL ID

134-393-05

ASK ABOUT THIS PROPERTY

Paul BankeKirklen Investment GroupMore Info
949-942-1311

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

Paul BankeKirklen Investment GroupMore Info
949-942-1311

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