Multifamily
The Westporter Apartment Homes
2109 & 2113 East Westport Drive, Anaheim, CA 92806
Listing Price: $3,800,000
Investment Overview
The Westporter Apartment Homes is a well-located 14-unit multifamily investment situated on two adjacent parcels with a shared central courtyard at 2109 & 2113 East Westport Drive in Anaheim. Constructed in 1959, the property features a desirable unit mix of 12 one-bed/one-bath units and 2 two-bed/one-bath units, supported by 14 garage spaces, security entry doors, and two on-site laundry facilities (one per building).
The asset is being offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents, providing clear income growth through continued rent optimization. Current ownership has implemented RUBS, allowing for the recovery of utility expenses and improving operational efficiency. Combined with ancillary income from laundry, The Westporter Apartment Homes presents investors with a balanced opportunity offering both immediate yield and long-term upside in one of Orange County’s most active rental markets.
The Westporter Apartment Homes
Investment Highlights
- Offered at a 5.26% CAP rate on current rents with the potential to achieve a 6.73% CAP rate on market rents, providing meaningful income growth through continued rent optimization.
- The property consists of 12 one-bed/one-bath units and 2 two-bed/one-bath units, a highly sought-after mix that appeals to Anaheim's strong renter base while supporting consistent occupancy.
- Residents benefit from 14 on-site garage spaces, a notable amenity for a property of this vintage that enhances tenant retention and long-term rental demand.
- RUBS is in place to recapture utility costs, complemented by two on-site laundry facilities that benefit residents while generating additional income.
- Adjacent to Anaheim Town Square, a major retail center anchored by Target and Northgate Market, providing residents immediate access to daily shopping, dining, and services.
- Convenient access to State Route 57 and State Route 91, linking residents to major employment centers and destinations throughout Orange, Los Angeles, and Riverside Counties.
- Located approximately 2 miles north of OC Vibe, Anaheim's emerging 100-acre entertainment and urban district poised to further elevate the surrounding area.
- Situated within a 4-mile radius of the Platinum Triangle, Downtown Anaheim, Disneyland, Downtown Fullerton, California State University, Fullerton, Chapman University, and Old Towne Orange.
Listing Price: $3,800,000
Investment Highlights
- Offered at a 5.26% CAP rate on current rents with the potential to achieve a 6.73% CAP rate on market rents, providing meaningful income growth through continued rent optimization.
- The property consists of 12 one-bed/one-bath units and 2 two-bed/one-bath units, a highly sought-after mix that appeals to Anaheim's strong renter base while supporting consistent occupancy.
- Residents benefit from 14 on-site garage spaces, a notable amenity for a property of this vintage that enhances tenant retention and long-term rental demand.
- RUBS is in place to recapture utility costs, complemented by two on-site laundry facilities that benefit residents while generating additional income.
- Adjacent to Anaheim Town Square, a major retail center anchored by Target and Northgate Market, providing residents immediate access to daily shopping, dining, and services.
- Convenient access to State Route 57 and State Route 91, linking residents to major employment centers and destinations throughout Orange, Los Angeles, and Riverside Counties.
- Located approximately 2 miles north of OC Vibe, Anaheim's emerging 100-acre entertainment and urban district poised to further elevate the surrounding area.
- Situated within a 4-mile radius of the Platinum Triangle, Downtown Anaheim, Disneyland, Downtown Fullerton, California State University, Fullerton, Chapman University, and Old Towne Orange.
Investment Overview
The Westporter Apartment Homes is a well-located 14-unit multifamily investment situated on two adjacent parcels with a shared central courtyard at 2109 & 2113 East Westport Drive in Anaheim. Constructed in 1959, the property features a desirable unit mix of 12 one-bed/one-bath units and 2 two-bed/one-bath units, supported by 14 garage spaces, security entry doors, and two on-site laundry facilities (one per building). The asset is being offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents, providing clear income growth through continued rent optimization. Current ownership has implemented RUBS, allowing for the recovery of utility expenses and improving operational efficiency. Combined with ancillary income from laundry, The Westporter Apartment Homes presents investors with a balanced opportunity offering both immediate yield and long-term upside in one of Orange County’s most active rental markets.
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