918 Romneya Dr - Apartments FOR SALE


Anaheim, CA 92801- North Anaheim
$7,200,000 USD
714-713-9086
918 Romneya Dr, Anaheim, CA for Sale
$7,200,000 USD
Apartments - FOR SALE
1/25
null | 4.3% Cap Rate

918 Romneya Dr
Anaheim, CA 92801
North Anaheim


HIGHLIGHTS

  • 32-unit multifamily apartment community situated on a ±0.87-acre parcel
  • Low-density site plan featuring larger-than-average unit sizes
  • Gated access with covered parking and on-site laundry facilities
  • Relaxing resident spa and landscaped common areas
  • Rare half-century market debut in an established Anaheim corridor
  • Close proximity to major employment centers, healthcare, and educational institutions

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present Nine-Eighteen Apartments, a 32-unit multifamily investment opportunity strategically located in the heart of Anaheim, California. Constructed in 1975, the property consists of 32 apartment homes situated on a ±0.87-acre parcel encompassing ±25,007 rentable square feet. The community benefits from a low-density site plan and an average unit size that exceeds many competing assets within the surrounding submarket. Nine-Eighteen Apartments offers select residences featuring desirable town home-style layouts with vaulted ceilings, while community amenities include gated access, covered parking, a relaxing spa area, landscaped common areas, and on-site laundry facilities. These features contribute to long-term tenant retention and support the property’s competitive position within the Anaheim rental market. The property is positioned within one of Orange County’s most established multifamily corridors, benefiting from proximity to major employment centers, transportation infrastructure, healthcare facilities, educational institutions, and regional entertainment destinations. Investors are afforded the opportunity to capitalize on continued rental growth while preserving the stability associated with a well-located Anaheim apartment community. Nine-Eighteen Apartments represents a rare opportunity to acquire a scale multifamily asset in a supply-constrained Orange County market offering durable cash flow, operational upside, and long-term appreciation potential. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

32

PRICE/UNIT

$225,000

CAP RATE

4.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

918 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

-

APN/PARCEL ID

271-012-07

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.