Investment Overview

Brighton Court is a 22-unit multifamily property situated in a desirable Southwest Anaheim location. This is the first time the property has been offered for sale since its construction in 1983, and it has been professionally managed by the original owners since delivery. The property consists of 2, two-story buildings totaling 18,006 square feet, situated on a 35,326-square-foot corner lot at Sharon Circle and Ball Road. The unit mix includes 4, one-bedroom/one-bath units (675 SF) and 18, two-bedroom/one-bath units (850 SF). All units are separately metered for water, gas, and electricity. Interior features include private patios or balconies, air conditioning, and on-site laundry facilities. This property is very well-maintained and has long-term tenants. In 2024, the entire roof system, including carports, was replaced. An SB 721 inspection was also completed in 2024, identifying approximately $6,000 in minor recommended repairs, which have not yet been performed. The original electrical subpanels recently passed inspection by the current insurance carrier, and no losses were reported in the past five years. Parking includes 22 garage spaces, 18 carport spaces, and 12 open spaces, resulting in a desirable 2.36 parking ratio per unit. Current average rents are approximately $1,919 for one-bedroom units and $2,279 for two-bedroom units. Market rents are estimated at $2,200 and $2,600 respectively, representing an approximate 14% premium over in-place rents.