401 S Beach Blvd - Apartments FOR SALE


Anaheim, CA 92804- South Anaheim
$9,500,000 USD
714-713-9086
401 S Beach Blvd, Anaheim, CA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/18
null | 4.13% Cap Rate

401 S Beach Blvd
Anaheim, CA 92804
South Anaheim


HIGHLIGHTS

  • 24 one-bed/one-bath units & 6 two-bed/one-bath units, appealing to a wide range of tenants from singles & couples to small families.
  • Each unit offers a private patio or balcony, with vaulted ceilings in second-floor residences.
  • The property also provides a swimming pool, on-site laundry facilities, and secure gated pedestrian access.
  • With 30 garage spaces and 20 surface spaces, residents benefit from abundant and structured parking.
  • Directly adjacent to West Anaheim Medical Center, Anaheim’s 8th largest employer.
  • Just over one mile from Knott’s Berry Farm and Buena Park Downtown.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present El Pueblo Apartments, a 30-unit multifamily community located at 401 South Beach Boulevard in Anaheim, California. Built in 1978 and situated on a 1.22-acre parcel, the property offers an attractive unit mix, strong existing amenities, and meaningful upside through both rental growth and potential accessory dwelling unit expansion. El Pueblo Apartments features a desirable mix of 24 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units, appealing to a broad tenant base. Each unit includes a private patio or balcony, with vaulted ceilings in second-floor residences enhancing natural light and livability. The community is supported by a compelling amenity package, including a swimming pool, on-site laundry facilities, and secure gated pedestrian access. Parking is a key differentiator, with 30 garage spaces and 20 surface spaces. Two-bedroom units are assigned two parking spaces, while one-bedroom units receive one assigned space, offering a parking ratio that is uncommon for properties of this vintage and size in the submarket. The asset presents substantial value-add potential, with the opportunity to increase rental income through continued interior upgrades and operational improvements. Additionally, the expansive 1.22-acre site provides potential for accessory dwelling unit development, subject to buyer verification and municipal approval, offering an additional avenue for future income growth. Ideally positioned, El Pueblo Apartments is directly adjacent to West Anaheim Medical Center, Anaheim’s 8th largest employer, driving consistent demand from healthcare professionals and staff. The property is also just over one mile from Knott’s Berry Farm and Buena Park Downtown, and in close proximity to Western High School, Twila Reid Park, and Cypress College, further strengthening long-term rental demand. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

30

PRICE/UNIT

$316,667

CAP RATE

4.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Pueblo Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

135-391-03

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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