3608 W Orange Ave - Apartments FOR SALE


Anaheim, CA 92804- South Anaheim
$4,999,000 USD
310-344-8218
3608 W Orange Ave, Anaheim, CA for Sale
$4,999,000 USD
Apartments - FOR SALE
1/13
null | 5.2% Cap Rate

3608 W Orange Ave
Anaheim, CA 92804
South Anaheim


HIGHLIGHTS

  • ?2 building asset with ample parking on a massive 20K sq. ft. lot.
  • ?IMMEDIATE RENT UPSIDE (2026 RENT INCREASES DUE IN 11 OF THE 14 UNITS).
  • ?The units boast fireplaces and in-unit AC.
  • ?3 Blocks to Cypress College.
  • ?Upstairs vaulted ceilings.
  • ?Gated property.

OVERVIEW

Condo quality garden-style property.? Highly walkable to Orangeview Junior High School, across the street, and Holder Elementary down the block, not to mention Cypress College.? The property has thrived under long-term pride of ownership and professional management.? Five units recently renovated as well as new roofs (installed in 2024) - the property is gated and the units boast of amenities such as A/C, wet bars, fireplaces, and vaulted ceilings – a superior rental option compared to much of the competing product in the area.? A 'Steady Eddie' investment option for almost any Buyer-profile, even more so for an "LA" owner who wants to own in a much more Landlord-friendly city and county! Strength of an OC address, for owners and renters alike, without the Newport Beach price point.? Immediate rent upside (2026 rent increases due) in 11 of the 14 units!

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

14

PRICE/UNIT

$357,071

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OC “address-strength” & an escape from LA RSO

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

134-461-34

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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