527 N Anna Dr - Apartments FOR SALE


Anaheim, CA 92805- North Anaheim
$5,100,000 USD
714-713-9086
527 N Anna Dr, Anaheim, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/12
null | 5.12% Cap Rate

527 N Anna Dr
Anaheim, CA 92805
North Anaheim


HIGHLIGHTS

  • Combination of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units.
  • Significant upgrades by current ownership include dual-pane windows and fresh exterior paint, reducing near-term maintenance requirements.
  • Gated access, an on-site laundry facility, and 16 secure garage spaces enhance tenant satisfaction and retention.
  • The property benefits from RUBS (Ratio Utility Billing System), allowing ownership to recapture utility costs and improve NOI.
  • Within steps of Sycamore Plaza and Granada Square, anchored by Stater Bros., Superior Grocers, CVS, and Harbor Freight.
  • Located near Sycamore Junior High School, California State University Fullerton, and the employment hubs of Downtown Fullerton and Downtown Anaheim.

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 527 North Anna Drive, a 16-unit multifamily community located in Anaheim, California. The property features a desirable mix of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, appealing to a wide tenant base of individuals, couples, and small families. Current ownership has invested significant capital into the community, including dual-pane windows and new exterior paint throughout the property, creating a well-maintained and attractive living environment. The property also provides residents with gated access, an on-site laundry facility, and sixteen garage spaces, while a spacious paved patio enhances curb appeal and reduces landscaping expenses. Ownership has further implemented a ratio utility billing system (RUBS), enabling recovery of utility costs and contributing to efficient operations. 527 North Anna Drive is strategically positioned within walking distance of Sycamore Junior High School as well as Sycamore Plaza, a neighborhood center anchored by Stater Bros. Markets and Harbor Freight, and Granada Square, anchored by Superior Grocers and CVS. These retail hubs provide tenants with convenient access to everyday needs. Within a three-mile radius, residents benefit from proximity to California State University Fullerton, Downtown Fullerton, Downtown Anaheim, Disneyland Resort, and the Honda Center, connecting the community to some of the region’s most important educational, cultural, and entertainment destinations. The property also provides quick access to State Routes 57 and 91, offering seamless transportation throughout Orange and Los Angeles Counties. The property has been stabilized at near-market rental levels, offering investors the opportunity to acquire a strong performing asset with reliable in-place cash flow. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$512 USD /SF

# OF UNITS

16

PRICE/UNIT

$318,750

CAP RATE

5.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

RM1200, Anaheim

APN/PARCEL ID

073-183-11

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.