Investment Overview

Marcus & Millichap is pleased to present 707 East Orangewood Avenue, a 6+2 unit multifamily investment opportunity located in a prime Anaheim neighborhood. The property consists of 8 total units, including 6 two-bed/one-bath units and 2 non-conforming studio units, which present a compelling ADU conversion opportunity utilizing the existing non-conforming studios (subject to approval from the City of Anaheim). Constructed in 1972, the property stands apart from much of the surrounding 4 – 10 unit inventory, which is predominantly 1960s vintage. The improvements sit on a spacious parcel, creating a low-density, residential feel that appeals to long-term tenant demand. Additional amenities include garage parking, on-site laundry, and private balconies for select units, supporting both livability today and value creation over time. The asset is ideally positioned near Anaheim’s major employment, entertainment, and lifestyle destinations, providing investors with a well-located property supported by strong rental fundamentals and potential upside through ADU legalization and targeted unit enhancements.