527 North Anna Drive
Multifamily | 16 Units | $318,750/unit
Marketing description
Download the Offering Memorandum: https://527northannadrive.sharplaunch.com/
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 527 North Anna Drive, a 16-unit multifamily community located in Anaheim, California.
The property features a desirable mix of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, appealing to a wide tenant base of individuals, couples, and small families. Current ownership has invested significant capital into the community, including dual-pane windows and new exterior paint throughout the property, creating a well-maintained and attractive living environment. The property also provides residents with gated access, an on-site laundry facility, and sixteen garage spaces, while a spacious paved patio enhances curb appeal and reduces landscaping expenses. Ownership has further implemented a ratio utility billing system (RUBS), enabling recovery of utility costs and contributing to efficient operations.
527 North Anna Drive is strategically positioned within walking distance of Sycamore Junior High School as well as Sycamore Plaza, a neighborhood center anchored by Stater Bros. Markets and Harbor Freight, and Granada Square, anchored by Superior Grocers and CVS. These retail hubs provide tenants with convenient access to everyday needs. Within a three-mile radius, residents benefit from proximity to California State University Fullerton, Downtown Fullerton, Downtown Anaheim, Disneyland Resort, and the Honda Center, connecting the community to some of the region’s most important educational, cultural, and entertainment destinations. The property also provides quick access to State Routes 57 and 91, offering seamless transportation throughout Orange and Los Angeles Counties.
The property has been stabilized at near-market rental levels, offering investors the opportunity to acquire a strong performing asset with reliable in-place cash flow.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Investment highlights
ATTRACTIVE UNIT MIX
A combination of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units attracts a diverse tenant profile and supports consistent occupancy.
CAPITAL IMPROVEMENTS COMPLETED
Significant upgrades by current ownership include dual-pane windows and fresh exterior paint, reducing near-term maintenance requirements.
ATTRACTIVE COMMUNITY AMENITIES
Gated access, an on-site laundry facility, and 16 secure garage spaces enhance tenant satisfaction and retention.
OPERATIONAL EFFICIENCY
The property benefits from RUBS (Ratio Utility Billing System), allowing ownership to recapture utility costs and improve NOI.
WALKABLE RETAIL ACCESS
Within steps of Sycamore Plaza and Granada Square, anchored by Stater Bros., Superior Grocers, CVS, and Harbor Freight, offering tenants immediate access to everyday necessities.
PROXIMITY TO EDUCATION & EMPLOYMENT
Located near Sycamore Junior High School, California State University Fullerton, and the employment hubs of Downtown Fullerton and Downtown Anaheim.
SOUTHERN CALIFORNIA LIFESTYLE AMENITIES
Disneyland Resort, Angel Stadium, and the Honda Center are within a short drive, placing the property near some of the region’s top entertainment and cultural destinations.
CONVENIENT TRANSPORTATION LINKS
Immediate access to State Routes 57 and 91 connects residents to major job centers across Orange County and into Los Angeles.
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