

Listed by Kirklen Investment Group
$1,775,000
West Provential Apartments
Details
APN 03618309
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,766
Units 4
Cap Rate 4.49%
NOI $159,232
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 10.59%
Pro-Forma NOI $187,971
Price per SqFt $457
Year Built 1961
Buildings 1
Stories 2
Acreage 0.210
Zoning Assessor
Parking Spaces 12 spaces
Parking per 1,000 SqFt 1.55
Investment Type Stabilized
Ownership Fee Simple
Sale Condition 1031 exchange
Multifamily | 4.49% CAP | 8 Units
Marketing description
The West Provential Apartments present a rare opportunity to acquire a well-maintained 4-unit multifamily asset in the heart of Anaheim, California. Constructed in 1961, the property features a highly desirable unit mix of one spacious 2-bedroom/1-bath units and three 2-bedroom/1.5-bath townhouse-style units with private yards and fireplaces, creating strong tenant appeal in a supply-constrained rental market. The property benefits from an attractive low-density layout with expansive landscaped courtyards, six garage parking spaces, and an on-site laundry room, providing residents with convenience and long-term livability. Recent capital improvements including newer windows, doors, and roof systems help minimize near-term maintenance obligations while supporting continued rental growth and operational stability. Operational upside remains through the implementation of RUBS for trash and water reimbursement, as well as charging tenants for garage parking. Current ownership has not fully captured these ancillary income streams, allowing a new investor the opportunity to increase cash flow with minimal capital investment. Additionally, the propertys existing rents remain below projected market levels, supporting continued organic rental growth over time. Located within close proximity to Disneyland, major employment centers, retail amenities, and multiple freeway corridors including the 5, 91, and 57 Freeways, the asset is positioned to benefit from Anaheims continued economic expansion and strong multifamily demand drivers. The surrounding area continues to attract a broad re
Investment highlights
- Highly Desirable Unit Mix: Two, 2-Bed, 1-Bath Single Story Units with Fireplaces and Six, 2-Bed, 1.5-Bath Townhome Style Units all with Private Yards
- Side-by-Side 4-Unit Buildings
- 12 Garage Parking Spaces
- Two On-Site Laundry Rooms
- Newer Windows, Doors and Roof
- Large, Well-Manicured, Lush Courtyard
- Separately Metered Utilities
- Further Upside can be Captured by Implementing RUBS for Trash and Water Expenses and Charging for Garage Parking
Listing Contacts


Listed by Kirklen Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,232.00
$13,269.33/mo
Valuation Metrics
0
DSCR
8.97%
Cap Rate
8.97%
ROI
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