Multifamily

Lanerose Drive Apartments

3147 W Lanerose Drive, Anaheim, CA 92804

Listing Price: $2,050,000

Cap Rate
4.50%
Number of Units
6
Occupancy
100.00%
Price/Unit
$341,667
Price/Gross SF
$387.52
Gross SF
5,290

Investment Overview

The Lanerose Drive Apartments is a six-unit apartment building located in the highly desirable City of Anaheim within the greater Orange County area. The subject property is located in a quiet residential community of predominantly single-family homes and provides easy access to freeways, retail, schools, entertainment, and employment. Built in 1970, the property offers an attractive unit mix solely comprised of two-bedroom/ two-bathroom units totaling 5,290 square feet, situated over a large 16,393 square foot lot. The subject property has gone through recent renovations of the interiors and exterior. Tenant amenities include ample on-site parking including enclosed garages, on-site laundry facility, patios, balconies, and a large private garden common area in rear of property. This offering represents a rare opportunity for an investor to achieve a 4.5% CAP Rate / 6.8% total return on a stable and well-located investment property in the solid rental market of West Anaheim, California.

Investment Highlights

  • 100% Two-Bedroom/ Two-Bathroom Units
  • Located on Quiet Residential Street
  • 1970 Construction / Upside in Rents
  • Recent Renovations & Upgrades of Interiors and Exterior
  • Enclosed Garages & Building Owned On-Site Laundry Facility
  • Large Private Garden Common Area
  • Great Location Provides Easy Access to Freeways, Retail, Job Centers, & Schools
  • Separately Metered for Gas & Electricity / Low Expense Building

Exclusively Listed By

Listing Price: $2,050,000

Cap Rate
4.50%
Number of Units
6
Occupancy
100.00%
Price/Unit
$341,667
Price/Gross SF
$387.52
Gross SF
5,290

Investment Highlights

  • 100% Two-Bedroom/ Two-Bathroom Units
  • Located on Quiet Residential Street
  • 1970 Construction / Upside in Rents
  • Recent Renovations & Upgrades of Interiors and Exterior
  • Enclosed Garages & Building Owned On-Site Laundry Facility
  • Large Private Garden Common Area
  • Great Location Provides Easy Access to Freeways, Retail, Job Centers, & Schools
  • Separately Metered for Gas & Electricity / Low Expense Building

Investment Overview

The Lanerose Drive Apartments is a six-unit apartment building located in the highly desirable City of Anaheim within the greater Orange County area. The subject property is located in a quiet residential community of predominantly single-family homes and provides easy access to freeways, retail, schools, entertainment, and employment. Built in 1970, the property offers an attractive unit mix solely comprised of two-bedroom/ two-bathroom units totaling 5,290 square feet, situated over a large 16,393 square foot lot. The subject property has gone through recent renovations of the interiors and exterior. Tenant amenities include ample on-site parking including enclosed garages, on-site laundry facility, patios, balconies, and a large private garden common area in rear of property. This offering represents a rare opportunity for an investor to achieve a 4.5% CAP Rate / 6.8% total return on a stable and well-located investment property in the solid rental market of West Anaheim, California.

Exclusively Listed By

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