Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire French Quarter Apartments, a 16-unit multifamily investment opportunity located in Anaheim, California. The 19,222-square foot property features a highly desirable mix of 2, one-bedroom units and 14, two-bedroom units, with an average unit size of 1,200 square feet. Additionally, the property offers a variety of floor plans including both single-story and townhome construction. Built in 1968, the property offers amenities including private patios (select units), on-site laundry, gated access, and carport parking (townhome units offer direct access). French Quarter Apartments benefits from its West Anaheim location, situated within close proximity to residents every day needs including retail centers, schools, parks, and more. The property is situated in an optimal location for families as the property is within walking distance of all three levels of schooling. Additionally, the property’s West Anaheim location puts it within a stone’s throw of major employers and entertainment destinations including Knott’s Berry Farm, Buena Park Downtown, and Disneyland. The West Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 98 percent (3Q 2022) and average effective rent increase of 13.3 percent (year-over-year since 3Q 2021), demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at French Quarter Apartments.