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Multifamily

301 E Mills Dr

301 E Mills Dr, Anaheim, CA 92805

Listing Price: $1,850,000

Cap Rate
3.69%
Number of Units
4
GRM
17.76
Price/Unit
$462,500
Price/Gross SF
$532.68
Gross SF
3,473

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 301 East Mills Drive, a 4-unit multifamily investment property located in Anaheim, California.

Built in 1986, 301 East Mills Drive offers exclusively two-bedroom units with in-unit laundry hookups, private balconies, security doors, and dual-pane windows. Residents enjoy the property’s amenities including gated pedestrian access leading to a spacious common-area courtyard and ample garage parking, with two reserved spaces per unit. Additionally, each unit features an individual water heater.

301 East Mills Drive offers new ownership the opportunity to diversify the unit mix and increase potential rental income through the development of an accessory dwelling unit (ADU). Current ownership is working on the permitting process with the city for the ADU, which is planned to be approximately 512 square feet.

The property is situated in an optimal North Orange County location, between Downtown Anaheim and Downtown Fullerton, and in close proximity to an abundance of parks, schools, and retail centers. Residents enjoy the property’s close proximity to a plethora of outdoor activities at La Palma Park and Dog Park, as well as Pearson Park, a 19-acre park featuring a 2,000-seat amphitheater. Additionally, 301 East Mills Drive is within a 2-mile radius of numerous local hotspots including Anaheim Packing District, Anaheim Plaza, The Rinks - Anaheim ICE, Fullerton Town Center, and Fullerton Metrocenter. Finally, the property benefits from its proximity to State Route 91 and Interstate 5, connecting residents to employment hubs throughout Southern California.

Given its optimal 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 301 East Mills Drive.

Investment Highlights

  • Exclusively Spacious Two-Bedroom Floor Plans | Rare 1980's Construction Located on a Large Corner Lot
  • Attractive Accessory Dwelling Unit (ADU) Potential: Currently Waiting to Receive Permit Approval & Estimated at 512 Square Feet
  • Gated Pedestrian Access & a Spacious Common-Area Yard
  • Units Feature In-Unit Laundry Hookups, Individual Water Heaters, Private Balconies, Security Doors, Central A/C & Dual-Pane Windows
  • Ample Gated Garage Parking: 10 Total Spaces
  • Situated Between Downtown Anaheim & Downtown Fullerton
  • Easy Access to a Plethora of Outdoor Activities at La Palma Park & Pearson Park
  • Within a 2-Mile Radius of Local Hotspots Including Anaheim Packing District, Anaheim Plaza, The Rinks - Anaheim ICE, Downtown Fullerton, Fullerton Town Center, & Fullerton Metrocenter

Exclusively Listed By

Financing By

Multifamily

301 E Mills Dr

Listing Price: $1,850,000

Cap Rate
3.69%
Number of Units
4
GRM
17.76
Price/Unit
$462,500
Price/Gross SF
$532.68
Gross SF
3,473

Investment Highlights

  • Exclusively Spacious Two-Bedroom Floor Plans | Rare 1980's Construction Located on a Large Corner Lot
  • Attractive Accessory Dwelling Unit (ADU) Potential: Currently Waiting to Receive Permit Approval & Estimated at 512 Square Feet
  • Gated Pedestrian Access & a Spacious Common-Area Yard
  • Units Feature In-Unit Laundry Hookups, Individual Water Heaters, Private Balconies, Security Doors, Central A/C & Dual-Pane Windows
  • Ample Gated Garage Parking: 10 Total Spaces
  • Situated Between Downtown Anaheim & Downtown Fullerton
  • Easy Access to a Plethora of Outdoor Activities at La Palma Park & Pearson Park
  • Within a 2-Mile Radius of Local Hotspots Including Anaheim Packing District, Anaheim Plaza, The Rinks - Anaheim ICE, Downtown Fullerton, Fullerton Town Center, & Fullerton Metrocenter

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 301 East Mills Drive, a 4-unit multifamily investment property located in Anaheim, California. Built in 1986, 301 East Mills Drive offers exclusively two-bedroom units with in-unit laundry hookups, private balconies, security doors, and dual-pane windows. Residents enjoy the property’s amenities including gated pedestrian access leading to a spacious common-area courtyard and ample garage parking, with two reserved spaces per unit. Additionally, each unit features an individual water heater. 301 East Mills Drive offers new ownership the opportunity to diversify the unit mix and increase potential rental income through the development of an accessory dwelling unit (ADU). Current ownership is working on the permitting process with the city for the ADU, which is planned to be approximately 512 square feet. The property is situated in an optimal North Orange County location, between Downtown Anaheim and Downtown Fullerton, and in close proximity to an abundance of parks, schools, and retail centers. Residents enjoy the property’s close proximity to a plethora of outdoor activities at La Palma Park and Dog Park, as well as Pearson Park, a 19-acre park featuring a 2,000-seat amphitheater. Additionally, 301 East Mills Drive is within a 2-mile radius of numerous local hotspots including Anaheim Packing District, Anaheim Plaza, The Rinks - Anaheim ICE, Fullerton Town Center, and Fullerton Metrocenter. Finally, the property benefits from its proximity to State Route 91 and Interstate 5, connecting residents to employment hubs throughout Southern California. Given its optimal 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 301 East Mills Drive.

Exclusively Listed By

Financing By

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