704 S Webster Ave - Apartments FOR SALE


Anaheim, CA 92804- South Anaheim
$4,300,000 USD
818-212-2694
704 S Webster Ave, Anaheim, CA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/11
null | 5.1% Cap Rate

704 S Webster Ave
Anaheim, CA 92804
South Anaheim


HIGHLIGHTS

  • Mostly two-bedroom units
  • Ample parking – 24 spaces
  • On-site laundry room
  • Anaheim is Subject to AB1482 (5% + CPI Rent Increases)

OVERVIEW

Marcus & Millichap presents 704 S. Webster Avenue, a well-maintained 13-unit multifamily investment opportunity in the city of Anaheim. This asset is subject to the statewide AB 1482 provisions allowing annual rent increases of 5% + CPI (currently 8.7%). This positions an investor to capture the remaining upside relatively quickly through standard adjustments. Built in 1978, the asset totals 11,562 square feet and includes (4) 1bed/1bath units, (3) 2bed/1bath units, and (6) 2bed/2bath units. Select units have been renovated over the years with unit 3 being the most recent renovated unit. Parking includes (8) surface spaces at the rear, (13) covered spaces along the side, and (3) private spaces at the rear for a total of (24) parking spaces. There are also (14) storage cabinets located at the covered parking spaces and an on-site laundry room. The property sits on a 21,344 square foot lot zoned RM-4. Positioned west of S. Brookhurst Street, between W. Orange Avenue and W. Ball Road, the property is located within proximity to multiple local shopping centers, schools, and places of business. The city of Anaheim is home to Disneyland Resort, Anaheim Angeles baseball team, Anaheim Ducks hockey team, and the largest convention center on the West Coast.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

13

PRICE/UNIT

$330,769

CAP RATE

5.1%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,191 SF

ZONING

RM4

APN/PARCEL ID

127-191-10

ASK ABOUT THIS PROPERTY

Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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