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701 N W Provential Drive, Anaheim, CA 92805

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group
$1,775,000
15 days on market
Updated 5 days ago
Opportunity zone

701 N W Provential Drive

Details
APN 03618310
Property Type Multifamily
Sub Type Apartment Building
Units 4
Buildings 1
Acreage 0.210
Zoning Assessor

Multifamily | 4 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, twelve garage parking spaces, and an on-site laundry rooms, 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 broa
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Listing Contacts

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group

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