Multifamily

West Fay Lane Apartments

1146 W Fay Lane, Anaheim, CA 92805

Listing Price: $2,750,000

Cap Rate
4.75%
Number of Units
10
Price/Unit
$275,000
Price/Gross SF
$346.52
Gross SF
7,936

Investment Overview

The West Fay Lane Apartments is a ten-unit apartment building located in the strong rental market of Anaheim, California within the Greater Orange County area. Built in 1962, the property offers an attractive unit mix comprised of (3) two-bedroom/ two bathroom units and (7) one-bedroom/ one-bathroom units totaling 7,936 square feet, situated over a large 16,800 square foot lot. Tenant amenities include ample on-site parking including enclosed garages. large courtyard, private patios, gated access, and an on-site laundry facility. This offering represents a rare opportunity for an investor to achieve a 4.75% CAP Rate / 7.48% total return with current rents on a stable investment property in the solid rental market of Anaheim, California.

Investment Highlights

  • Desirable Anaheim Rental Market
  • Current 4.75% CAP Rate
  • Ample On-Site Parking (13 Garages & 9 Open Spaces)
  • Building Owned Laundry Facility
  • Separately Metered for Gas & Electricity
  • Upside in Rents / Desirable Unit Mix Including Single-Story Units
  • Minutes From Downtown Anaheim with Easy Access to the 5 Freeway, Employment, & Retail
  • Private Patios, Large Courtyard, & Gated Access

Exclusively Listed By

Multifamily

West Fay Lane Apartments

Listing Price: $2,750,000

Cap Rate
4.75%
Number of Units
10
Price/Unit
$275,000
Price/Gross SF
$346.52
Gross SF
7,936

Investment Highlights

  • Desirable Anaheim Rental Market
  • Current 4.75% CAP Rate
  • Ample On-Site Parking (13 Garages & 9 Open Spaces)
  • Building Owned Laundry Facility
  • Separately Metered for Gas & Electricity
  • Upside in Rents / Desirable Unit Mix Including Single-Story Units
  • Minutes From Downtown Anaheim with Easy Access to the 5 Freeway, Employment, & Retail
  • Private Patios, Large Courtyard, & Gated Access

Investment Overview

The West Fay Lane Apartments is a ten-unit apartment building located in the strong rental market of Anaheim, California within the Greater Orange County area. Built in 1962, the property offers an attractive unit mix comprised of (3) two-bedroom/ two bathroom units and (7) one-bedroom/ one-bathroom units totaling 7,936 square feet, situated over a large 16,800 square foot lot. Tenant amenities include ample on-site parking including enclosed garages. large courtyard, private patios, gated access, and an on-site laundry facility. This offering represents a rare opportunity for an investor to achieve a 4.75% CAP Rate / 7.48% total return with current rents on a stable investment property in the solid rental market of Anaheim, California.

Exclusively Listed By

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