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33299287
33299288

601 N Pauline Street, Anaheim, CA 92805

MB
CA 01316702
Matthews
Listed by Matthews
$2,350,000
4 days on market
Updated 0 days ago

Pauline Street Apartments

Details
APN 03516524
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,136
Net Rentable (SqFt) 5,136
Units 8
Cap Rate 6.39%
NOI $150,257
Occupancy 100%
Pro-Forma Cap Rate 7.38%
Pro-Forma NOI $173,459
Price per SqFt $458
Class C
Year Built 1961
Buildings 1
Stories 2
Acreage 0.230
Zoning Assessor
Parking Spaces spaces
Investment Type Stabilized

6.4% CAP! | 8 Units | Anaheim | Well Kept

Marketing description

Current 6.4% CAP Rate! We are pleased to present 601 N Pauline St, a prime multifamily investment opportunity located in the thriving Anaheim rental market. Built in 1961, the property consists of eight well-maintained 1-bedroom / 1-bathroom units totaling approximately 5,134 square feet on a 0.23-acre lot. The property features a desirable low-rise garden-style layout with strong curb appeal and functional floor plans averaging approximately 640 square feet per unit. Each unit includes its own living room, kitchen with garage and uncovered parking, providing an attractive amenity package for tenants. Ownership benefits from separately metered gas and electric utilities, helping minimize operating expenses, while the on-site laundry facility with newer washers and dryers provide added tenant convenience and supplemental income potential. The propertys pitched roof design, newer hot water heater, ample parking, and well-maintained condition further contribute to its long-term investment appeal. Ideally situated near Anaheim Boulevard and Lincoln Avenue, the property offers convenient access to major employment and entertainment destinations including the Anaheim Packing House, Disneyland, Honda Center, and Angel Stadium. Residents also enjoy close proximity to the 5, 57, and 91 Freeways, providing strong regional connectivity throughout Orange County and surrounding areas.

Investment highlights

● Well-maintained 8-unit multifamily asset located in a strong Anaheim rental corridor

● Desirable garden-style apartment community with excellent curb appeal and efficient low-rise design

● Larger square foot 1-Bed / 1-Bath units

● Approximately 5,136 SF of rentable space situated on a sizeable ±0.23 AC lot

● Each unit includes private one-car garage parking, and additional street parking

● Individually metered for gas and electricity, helping reduce owner utility expenses

● On-site laundry facility with newer washers and dryers and a newer hot water heater

● Well-maintained property featuring pitched roof architecture and functional layouts

● Strong in-place rental demand with continued long-term upside in a high-growth Anaheim market

● Centrally located near Anaheim Packing House, Disneyland, Honda Center, Angel Stadium, and major employment hubs

● Excellent connectivity to the 5, 57, and 91 Freeways, offering convenient access throughout Orange County and surrounding areas

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Listing Contacts

MB
CA 01316702
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,257.00
$12,521.42/mo

Valuation Metrics

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DSCR
6.39%
Cap Rate
6.39%
ROI

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Additional Information

Name
Mark Bridge
License
01316702
Brokerage
Matthews REIS
Title
Executive Vice President
Brokerage Address
3161 Michelson Drive
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