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Multifamily

3509 W Del Monte Dr

3509 W Del Monte Dr, Anaheim, CA 92804

Listing Price: $3,050,000

Cap Rate
4.93%
Number of Units
8
GRM
13.85
Price/Unit
$381,250
Price/Gross SF
$366.72
Gross SF
8,317

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3509 West Del Monte Drive, an 8-unit multifamily investment property located in Anaheim, California.

The property offers a highly desirable mix consisting of 1, one-bedroom unit, 6, two-bedroom units, and 1, three-bedroom unit. Amenities at 3509 West Del Monte Drive include gated pedestrian access that leads to a central courtyard, private patios or balconies, ample garage parking, and an on-site laundry facility.

3509 West Del Monte Drive is located within walking distance of Cypress College, a public community college that boasts an annual enrollment of approximately 16,000 students and employs approximately 900 faculty and staff. As Cypress College does not offer campus housing, the property has the unique opportunity to attract students looking for easy access to campus. The property also benefits from its close proximity to Knott’s Berry Farm, one of Orange County’s top attractions and employers. Furthermore, the property is located within 2 miles from Buena Park Downtown, an enclosed shopping mall that offers over 925,000 square feet of retail space.

The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97 percent (Q4 2023) and average effective rent increase of 12.5 percent (2022 year-over-year), 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 premier West Anaheim location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 3509 West Del Monte Drive.

Investment Highlights

  • Features a Diverse Mix of One, Two, & Three-Bedroom Units
  • Gated Pedestrian Access Leading to a Central Courtyard
  • Units Feature a Private Patio or Balcony
  • Ample Garage Parking: 10 Garage Spaces
  • Located Within Walking Distance of Cypress College, a Major Employment & Housing Driver for the Area
  • Just Over 1 Mile From Knott's Berry Farm, the Premier Employer in Buena Park with Over 4,000 Employees
  • 1.75 Miles from the Abundance of Retail, Dining, & Entertainment Options at Buena Park Downtown
  • Convenient Access to Beach Boulevard, Connecting Residents to Employment Hubs Throughout Orange County

Exclusively Listed By

Financing By

Multifamily

3509 W Del Monte Dr

Listing Price: $3,050,000

Cap Rate
4.93%
Number of Units
8
GRM
13.85
Price/Unit
$381,250
Price/Gross SF
$366.72
Gross SF
8,317

Investment Highlights

  • Features a Diverse Mix of One, Two, & Three-Bedroom Units
  • Gated Pedestrian Access Leading to a Central Courtyard
  • Units Feature a Private Patio or Balcony
  • Ample Garage Parking: 10 Garage Spaces
  • Located Within Walking Distance of Cypress College, a Major Employment & Housing Driver for the Area
  • Just Over 1 Mile From Knott's Berry Farm, the Premier Employer in Buena Park with Over 4,000 Employees
  • 1.75 Miles from the Abundance of Retail, Dining, & Entertainment Options at Buena Park Downtown
  • Convenient Access to Beach Boulevard, Connecting Residents to Employment Hubs Throughout Orange County

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3509 West Del Monte Drive, an 8-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting of 1, one-bedroom unit, 6, two-bedroom units, and 1, three-bedroom unit. Amenities at 3509 West Del Monte Drive include gated pedestrian access that leads to a central courtyard, private patios or balconies, ample garage parking, and an on-site laundry facility. 3509 West Del Monte Drive is located within walking distance of Cypress College, a public community college that boasts an annual enrollment of approximately 16,000 students and employs approximately 900 faculty and staff. As Cypress College does not offer campus housing, the property has the unique opportunity to attract students looking for easy access to campus. The property also benefits from its close proximity to Knott’s Berry Farm, one of Orange County’s top attractions and employers. Furthermore, the property is located within 2 miles from Buena Park Downtown, an enclosed shopping mall that offers over 925,000 square feet of retail space. The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97 percent (Q4 2023) and average effective rent increase of 12.5 percent (2022 year-over-year), 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 premier West Anaheim location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 3509 West Del Monte Drive.

Exclusively Listed By

Financing By

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