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Multifamily

2119 E Westport Dr

2119 E Westport Dr, Anaheim, CA 92806

Listing Price: $2,088,000

Cap Rate
4.62%
Number of Units
7
GRM
14.52
Price/Unit
$298,286
Price/Gross SF
$474.65
Gross SF
4,399

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the
opportunity to acquire 2119 East Westport Drive, a 7-unit multifamily investment property located in
Anaheim, California.

The property offers a mix of one and two-bedroom floor plans, of which select units have recently
undergone substantial renovations including vinyl and carpet flooring, kitchens, bathrooms, and more. Additionally, current ownership has invested significant capital into improvements including
the installation of a new roof as well as dual-pane windows and upgraded air conditioning in all units . Residents enjoy amenities including an on-site laundry facility and ample garage parking.

2119 East Westport Drive has an attractive North Orange County location, situated just east of Downtown
Anaheim. The property is located adjacent to Anaheim Town Square, anchored by Target and Northgate
Market, providing residents with convenient access to everyday needs. Additionally, 2119 East Westport
Drive is just over 2.25 miles from Disneyland, the premier employer within the city per Anaheim’s 2023
Annual Comprehensive Financial Report. Furthermore, the property is within 2.50 miles of the Platinum
Triangle, home to Angel Stadium, Honda Center, and an intensive urban development plan creating high
density mixed-use, office, restaurant, and residential projects (see page 11). 2119 East Westport Drive
benefits from its close proximity to State Routes 57 and 91, connecting residents to major employment
hubs throughout Southern California.

The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average
occupancy of 96.1 percent (Q2 2024) and average year-over-year effective rent growth of 3.5 percent for
2023, 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 convenient location with 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 2119 East Westport Drive.

Investment Highlights

  • Mix of One & Two-Bedroom Floor Plans
  • Substantial Capital Improvements
  • Features an On-Site Laundry Facility & Garage Parking
  • Within Walking Distance of Anaheim Town Square, Providing Residents with Convenient Access to Everyday Needs
  • Easy Access to All Three Levels of Education
  • Just Over 1.50 Miles from the Abundance of Retail, Dining, & Entertainment Options at Downtown Anaheim
  • Just Over 2 Miles from Disneyland, Anaheim's Premier Employer
  • Close Proximity to State Routes 57 & 91, Connecting Residents to Major Employment Hubs Throughout Southern California

Exclusively Listed By

Financing By

Multifamily

2119 E Westport Dr

Listing Price: $2,088,000

Cap Rate
4.62%
Number of Units
7
GRM
14.52
Price/Unit
$298,286
Price/Gross SF
$474.65
Gross SF
4,399

Investment Highlights

  • Mix of One & Two-Bedroom Floor Plans
  • Substantial Capital Improvements
  • Features an On-Site Laundry Facility & Garage Parking
  • Within Walking Distance of Anaheim Town Square, Providing Residents with Convenient Access to Everyday Needs
  • Easy Access to All Three Levels of Education
  • Just Over 1.50 Miles from the Abundance of Retail, Dining, & Entertainment Options at Downtown Anaheim
  • Just Over 2 Miles from Disneyland, Anaheim's Premier Employer
  • Close Proximity to State Routes 57 & 91, Connecting Residents to Major Employment Hubs Throughout Southern California

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 2119 East Westport Drive, a 7-unit multifamily investment property located in Anaheim, California. The property offers a mix of one and two-bedroom floor plans, of which select units have recently undergone substantial renovations including vinyl and carpet flooring, kitchens, bathrooms, and more. Additionally, current ownership has invested significant capital into improvements including the installation of a new roof as well as dual-pane windows and upgraded air conditioning in all units . Residents enjoy amenities including an on-site laundry facility and ample garage parking. 2119 East Westport Drive has an attractive North Orange County location, situated just east of Downtown Anaheim. The property is located adjacent to Anaheim Town Square, anchored by Target and Northgate Market, providing residents with convenient access to everyday needs. Additionally, 2119 East Westport Drive is just over 2.25 miles from Disneyland, the premier employer within the city per Anaheim’s 2023 Annual Comprehensive Financial Report. Furthermore, the property is within 2.50 miles of the Platinum Triangle, home to Angel Stadium, Honda Center, and an intensive urban development plan creating high density mixed-use, office, restaurant, and residential projects (see page 11). 2119 East Westport Drive benefits from its close proximity to State Routes 57 and 91, connecting residents to major employment hubs throughout Southern California. The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.1 percent (Q2 2024) and average year-over-year effective rent growth of 3.5 percent for 2023, 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 convenient location with 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 2119 East Westport Drive.

Exclusively Listed By

Financing By

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