Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 310 - 312 West Vermont Avenue, a 10-unit multifamily investment opportunity located in Anaheim, California. 310 - 312 West Vermont Avenue offers an excellent unit mix consisting exclusively of two-bedroom floor plans. Built in 1976, the property has undergone exterior renovations including fresh paint and a new roof as well as substantial interior renovations (see OM for more details). Additionally, the property features a desirable amenity package including stainless steel appliances, recessed lighting, ample garage and surface parking, and private patios (select units). 310 - 312 West Vermont Avenue benefits from its central 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 location places residents near Anaheim’s major employers and entertainment destinations including Disneyland, Angel Stadium, the Anaheim GardenWalk, and the Honda Center. 310 - 312 West Vermont Avenue is just under 1 mile from Downtown Anaheim and the Anaheim Packing District, providing residents with convenient access to a plethora of retail, dining, and entertainment options. The property benefits from its close proximity to Interstate 5, connecting residents to employment hubs throughout Orange and Los Angeles Counties. The West Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.5 percent (4Q 2022) and average effective rent increase of 7.2 percent (year-over-year since 4Q 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 310 - 312 West Vermont Avenue.