Listed by Alliance Investment Real Estate Group
$6,394,000
1521 E Canfield
Details
APN 07356239
Property Type Multifamily
Sub Type Apartment Building
Square Footage 23,522
Net Rentable (SqFt) 15,062
Units 20
Cap Rate 5.62%
NOI $374,489
Occupancy 100%
Pro-Forma Cap Rate 6.70%
Price per SqFt $272
Year Built 1969
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.540
Zoning Assessor
Ground Lease No
Multifamily | 20 Units | $319,700/unit
Marketing description
Welcome to Montrose Villa Apartment Homes, a 20 unit multifamily community located at 1521 East Canfield Lane, in the city of Anaheim, California. This two story gated asset benefits from a desirable unit mix of one and two bedroom floorplans, with the average spacious square footage at approximately 752 square feet. Most of the units have been rehabbed to some degree including new vinyl flooring, Quartz countertops with designer backsplashes, new vanities, and new appliances. There are also many new vinyl windows and each unit has a wall AC. All of the main electrical panels have also just been replaced to eliminate any issues with insurance carriers. The property is also individually metered for Gas and Electric along with tenants paying for the trash directly to the city of Anaheim keeping operating costs for an owner to a minimum. On-site amenities include garages for each unit, a sparkling pool and on-site laundry room. While actual in place rents are strong providing for great cash flow, there is still room to raise rents for increased cash flow! Security cameras throughout the property also provide peace of mind to tenants as a safe and secure environment to live in. Additionally, the property boasts an incredibly convenient location, appealing to both regional commuters and local university students. Less than a mile from Montrose Villa Apartments sits the entrances to both the 91 freeway and 57 freeway, with easy access to the Greater Los Angeles job markets. Within just three miles of the property are found California State University Fullerton (CSUF) and Fullerto
Investment highlights
High Demand Rental Area! Large Unit Sizes!
Most Units Have Been Rehabbed! Security Cameras Throughout!
New Main Electric Panels / Some New Vinyl Windows
Great Unit Mix of 1 & 2 Bedroom Units!
Individually Metered for Gas & Electric / Wall AC Units
Garages for Each Unit / Gated / Copper Plumbing
Listing Contacts
Listed by Alliance Investment Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$374,489.00
$31,207.42/mo
Valuation Metrics
0
DSCR
5.86%
Cap Rate
5.86%
ROI
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