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Multifamily

Nine-Eighteen Apartments

918 W Romneya Dr, Anaheim, CA 92801

Listing Price: $7,200,000

Cap Rate
4.30%
Number of Units
32
GRM
12.54
Price/Unit
$225,000
Price/Gross SF
$287.92
Gross SF
25,007

Investment Overview

Marcus & Millichap is pleased to present Nine-Eighteen Apartments, a 32-unit multifamily investment opportunity strategically located in the heart of Anaheim, California. Constructed in 1975, the property consists of 32 apartment homes situated on a ±0.87-acre parcel encompassing ±25,007 rentable square feet.

The community benefits from a low-density site plan and an average unit size that exceeds many competing assets within the surrounding submarket. Nine-Eighteen Apartments offers select residences featuring desirable town home-style layouts with vaulted ceilings, while community amenities include gated access, covered parking, a relaxing spa area, landscaped common areas, and on-site laundry facilities. These features contribute to long-term tenant retention and support the property’s competitive position within the Anaheim rental market.

The property is positioned within one of Orange County’s most established multifamily corridors, benefiting from proximity to major employment centers, transportation infrastructure, healthcare facilities, educational institutions, and regional entertainment destinations. Investors are afforded the opportunity to capitalize on continued rental growth while preserving the stability associated with a well-located Anaheim apartment community.

Nine-Eighteen Apartments represents a rare opportunity to acquire a scale multifamily asset in a supply-constrained Orange County market offering durable cash flow, operational upside, and long-term appreciation potential.

Investment Highlights

  • 32-unit multifamily apartment community situated on a ±0.87-acre parcel
  • Low-density site plan featuring larger-than-average unit sizes
  • Gated access with covered parking and on-site laundry facilities
  • Relaxing resident spa and landscaped common areas
  • Clear cash flow enhancement opportunity with operational upside
  • Rare half-century market debut in an established Anaheim corridor
  • Close proximity to major employment centers, healthcare, and educational institutions
  • Convenient access to transportation infrastructure and regional entertainment destinations

Exclusively Listed By

Multifamily

Nine-Eighteen Apartments

Listing Price: $7,200,000

Cap Rate
4.30%
Number of Units
32
GRM
12.54
Price/Unit
$225,000
Price/Gross SF
$287.92
Gross SF
25,007

Investment Highlights

  • 32-unit multifamily apartment community situated on a ±0.87-acre parcel
  • Low-density site plan featuring larger-than-average unit sizes
  • Gated access with covered parking and on-site laundry facilities
  • Relaxing resident spa and landscaped common areas
  • Clear cash flow enhancement opportunity with operational upside
  • Rare half-century market debut in an established Anaheim corridor
  • Close proximity to major employment centers, healthcare, and educational institutions
  • Convenient access to transportation infrastructure and regional entertainment destinations

Investment Overview

Marcus & Millichap is pleased to present Nine-Eighteen Apartments, a 32-unit multifamily investment opportunity strategically located in the heart of Anaheim, California. Constructed in 1975, the property consists of 32 apartment homes situated on a ±0.87-acre parcel encompassing ±25,007 rentable square feet. The community benefits from a low-density site plan and an average unit size that exceeds many competing assets within the surrounding submarket. Nine-Eighteen Apartments offers select residences featuring desirable town home-style layouts with vaulted ceilings, while community amenities include gated access, covered parking, a relaxing spa area, landscaped common areas, and on-site laundry facilities. These features contribute to long-term tenant retention and support the property’s competitive position within the Anaheim rental market. The property is positioned within one of Orange County’s most established multifamily corridors, benefiting from proximity to major employment centers, transportation infrastructure, healthcare facilities, educational institutions, and regional entertainment destinations. Investors are afforded the opportunity to capitalize on continued rental growth while preserving the stability associated with a well-located Anaheim apartment community. Nine-Eighteen Apartments represents a rare opportunity to acquire a scale multifamily asset in a supply-constrained Orange County market offering durable cash flow, operational upside, and long-term appreciation potential.

Exclusively Listed By

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