Multifamily
1280 E La Palma Ave
1280 E La Palma Ave, Anaheim, CA 92805
Listing Price: $3,600,000
Investment Overview
Marcus & Millichap is pleased to present 1280 East La Palma Avenue, a 9-unit multifamily property in Anaheim, California. Built in 1986, the property offers a more modern vintage than much of the surrounding apartment inventory and features a highly desirable unit mix entirely composed of 2-story townhome-style residences.
The property includes five 2 bed/1.5 bath townhomes and four 3 bed/2 bath townhomes, providing larger floorplans that cater well to households seeking additional living space. Each unit benefits from both a private, fenced ground-level patio and a spacious upper-level balcony, creating a level of dedicated outdoor space that is uncommon in smaller multifamily assets. Central air and heat as well as individual water heaters further strengthen the unit-level amenity package.
1280 East La Palma Avenue also benefits from an exceptionally generous parking supply, with 9 carport spaces and 13 surface spaces for just 9 units. Additional community features include gated pedestrian access and on-site laundry, while the completion of the SB 721 inspection provides clarity around an important California compliance item.
With rents currently positioned near market while still offering a measured level of upside, the property presents an attractive opportunity to acquire a later-vintage Anaheim apartment asset with a differentiated unit mix, strong resident-oriented amenities, and continued potential for income growth over time.
1280 E La Palma Ave
Investment Highlights
- 9-unit Anaheim multifamily offering featuring an all-townhome unit mix with spacious 2 bed/1.5 bath and 3 bed/2 bath floorplans.
- Built in 1986, the property offers a later-vintage profile than much of the surrounding apartment inventory.
- Each residence features a private fenced patio and upper-level balcony.
- Strong unit-level amenities include central air & heat and individual water heaters.
- Exceptionally generous parking supply with 9 carport spaces and 13 surface spaces for just 9 units.
- Gated pedestrian access, on-site laundry, and completed SB 721 inspection enhance the resident amenity and ownership profile.
- Offered at a 5.08% current cap rate with a 6.03% market cap rate, supported by measured rental upside.
- Convenient North Orange County location near Downtown Anaheim, Downtown Fullerton, SR-91, SR-57, Disneyland, Angel Stadium, and OCVIBE.
Exclusively Listed By
Listing Price: $3,600,000
Investment Highlights
- 9-unit Anaheim multifamily offering featuring an all-townhome unit mix with spacious 2 bed/1.5 bath and 3 bed/2 bath floorplans.
- Built in 1986, the property offers a later-vintage profile than much of the surrounding apartment inventory.
- Each residence features a private fenced patio and upper-level balcony.
- Strong unit-level amenities include central air & heat and individual water heaters.
- Exceptionally generous parking supply with 9 carport spaces and 13 surface spaces for just 9 units.
- Gated pedestrian access, on-site laundry, and completed SB 721 inspection enhance the resident amenity and ownership profile.
- Offered at a 5.08% current cap rate with a 6.03% market cap rate, supported by measured rental upside.
- Convenient North Orange County location near Downtown Anaheim, Downtown Fullerton, SR-91, SR-57, Disneyland, Angel Stadium, and OCVIBE.
Investment Overview
Marcus & Millichap is pleased to present 1280 East La Palma Avenue, a 9-unit multifamily property in Anaheim, California. Built in 1986, the property offers a more modern vintage than much of the surrounding apartment inventory and features a highly desirable unit mix entirely composed of 2-story townhome-style residences. The property includes five 2 bed/1.5 bath townhomes and four 3 bed/2 bath townhomes, providing larger floorplans that cater well to households seeking additional living space. Each unit benefits from both a private, fenced ground-level patio and a spacious upper-level balcony, creating a level of dedicated outdoor space that is uncommon in smaller multifamily assets. Central air and heat as well as individual water heaters further strengthen the unit-level amenity package. 1280 East La Palma Avenue also benefits from an exceptionally generous parking supply, with 9 carport spaces and 13 surface spaces for just 9 units. Additional community features include gated pedestrian access and on-site laundry, while the completion of the SB 721 inspection provides clarity around an important California compliance item. With rents currently positioned near market while still offering a measured level of upside, the property presents an attractive opportunity to acquire a later-vintage Anaheim apartment asset with a differentiated unit mix, strong resident-oriented amenities, and continued potential for income growth over time.
Exclusively Listed By
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