Listed by CBRE - Orange County
$17,750,000
The OC Apartment Homes
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 39,504
Units 56
Cap Rate 5.04%
NOI $894,301
Pro-Forma Cap Rate 5.82%
Pro-Forma NOI $1,033,630
Year Built 1973
Buildings 3
Stories 2
Lot Size (SqFt) 84,900
56 Units | Anaheim | 5% Cap Rate
Marketing description
Download Offering Memorandum: https://multifamilysocal.com/listings/ocapartmenthomes/
Investment highlights
- Unique Offering - OC Apartment Homes consists of three two-story buildings situated on a generous 1.95 acre parcel, totaling approximately 39,504 rentable square feet.
- Attractive Unit Mix - The community includes (36) 1 bed/1 bath units, (12) 2 bed/1 bath units, and (8) additional 2 bed/2 bath units (avg 705 sq. ft.)
- Pride-of-Ownership Asset - Built in 1973, the property has been well maintained and features desirable community amenities including a swimming pool and BBQ area.
- Reduced Landlord Utility Costs - A RUBS program is already in place, with tenants responsible for water and gas. All buildings are individually metered for electricity, further minimizing owner operating expenses.
- Strong In-Place Cash Flow - The asset delivers solid current performance with clear potential to further enhance yields through ongoing operational improvements.
- ADU Potential - Opportunity to explore additional value creation through accessory dwelling unit development (ADUs).
Listing Contacts
Listed by CBRE - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$894,301.00
$74,525.08/mo
Valuation Metrics
0
DSCR
5.04%
Cap Rate
5.04%
ROI
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