Wakefield Apartments
3,4,5 BEDROOM UNITS! AVERAGE UNIT SIZE 1,550 SF! CONDO LIKE AMENETIES! LOW PRICE PER SF!
Marketing description
PRICE REDUCTION! Prime Net Lease Inc. is pleased to offer 200 E. Wakefield Ave. in the desirable community of Anaheim. The subject property was completely renovated in 2021-2022 and is in excellent condition. 200 E. Wakefield Ave. offers the new owner a turnkey, low-maintenance asset with immediate cash flow. The property features a unique unit mix with units 3, 4, and 5 Bedroom units. AVERAGE UNIT SIZE IS 1,550, SQ. FT resulting in low price per square foot of only $354. There are individual enclosed single car garages for each unit at the rear of the building. Over 10% upside in rents exists through annual increases. The apartment building is conveniently located in Anaheim, California, offering easy access to a variety of amenities and attractions. Residents can enjoy proximity to shopping centers, restaurants, entertainment venues, and recreational facilities, ensuring a vibrant and fulfilling lifestyle. Disneyland Resort and the Anaheim Convention Center are both less than 5 minutes away. In 2022, the park had approximately 16.9 million visits, making it the second most visited amusement park in the world that year. The Convention Center hosts approximately 300 events each year, consisting of trade shows, conventions, corporate events, consumer shows, meetings, social functions and banquets.
Exterior Description
6-unit apartment building, 2 floors with 3 units upstairs and 3 downstairs. 2021-2022 remodel included new exterior paint, new windows and a new roof.
Interior Description
Very large units! Three units feature 4 bedrooms, 2 bathrooms. One unit features 3 bedrooms, 2 bathrooms. One unit features 5 bedrooms, 2 bathrooms. One unit features 5 bedrooms, 3 bathrooms. 2021-2022 remodel included: new flooring in every unit, new interior paint, new copper plumbing, new water heaters, new AC units and new stainless steel appliances in all units. New WASHER & DRYER.
Parking Description
Covered garage spaces at rear of building.
Utilities Description
Utilities paid by tenant: Gas & Electric and Trash
Investment highlights
PRIME ANAHEIM LOCATION: Ideally situated near top attractions like Disneyland Resort and Anaheim Convention Center, offering residents easy access to premier shopping, dining, and entertainment. The property benefits from Anaheim’s tourism economy and proximity to major destinations.
EXTENSIVE RECENT RENOVATIONS: Completed in 2021-2022, the property underwent a comprehensive remodel, including a new roof, double-pane windows, exterior paint, updated copper plumbing, and modern AC units, providing a fresh, low- maintenance appeal.
SPACIOUS, MODERN INTERIORS: All six units boast large, thoughtfully designed floor plans, with configurations of 3 to 5 bedrooms, each updated with new flooring, interior paint, ceiling fans, and quality fixtures.
HIGH-QUALITY FINISHES: Kitchens and bathrooms have been fully upgraded with granite countertops, new vanities, stainless steel appliances (refrigerator, range, microwave, dishwasher), new toilets, bathtubs, and even in-unit washers and dryers, enhancing appeal for tenants.
ON-SITE PARKING: Each unit includes an enclosed garage space located at the rear of the building, providing added convenience and security for residents.
INVESTMENT POTENTIAL: With a 5% cap rate, strong occupancy, and potential for rent increases, this turnkey property presents an excellent opportunity for consistent cash flow and long-term growth in a high-demand rental market.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
