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34273093
34273094

1827 W Glencrest Ave, Anaheim, CA 92801

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group
$1,575,000
3 days on market
Updated 3 days ago

West Glencrest Apartments

Details
APN 272-055-10
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 4.38%
NOI $68,912
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 4.94%
Pro-Forma NOI $77,869
Price per SqFt $383
Year Built 1960
Buildings 1
Stories 2
Lot Size (SqFt) 5,629
Parking Spaces 4 spaces
Ownership Fee Simple

Multifamily | 4.38% CAP | 4 Units

Marketing description

1827 W. Glencrest Avenue presents investors with the opportunity to acquire a well-maintained Anaheim apartment community that has undergone a thoughtful interior renovation program designed to enhance tenant appeal while minimizing future capital expenditures. Ownership has selectively renovated units with contemporary finishes that compete with newer apartment communities and support continued rent growth.

Renovated units feature fresh interior paint, durable new flooring throughout, updated kitchen cabinetry, modern countertops, new faucets, stainless steel sinks, new garbage disposals with updated plumbing beneath the sink, new electric ranges, contemporary range hoods, and new window blinds. These improvements provide residents with a clean, modern living environment while reducing maintenance costs for future ownership.

The property's renovation strategy has positioned the asset to capture premium rents while still offering an investor the opportunity to continue upgrading remaining units as turnover occurs. Combined with its desirable Anaheim location, strong rental demand, and proximity to major employment centers, shopping, dining, and freeway access, 1827 W. Glencrest Avenue offers an attractive balance of in-place cash flow and long-term value creation.

Investment highlights

  • Highly Desirable Unit Mix: Three 2 Bed/1 Bath units and One 3 Bed/2 Bath Unit
  • Washer and Dryer Hookups in Each Unit
  • Private Patios for Select Units
  • Separately Metered for Gas & Electric
  • Garage Parking for Each Unit
  • Well Located Near the 5 and 91 Freeways, Anaheim Regional Medical Center, and Walking Distance to Both the Euclid and Anaheim Shopping Plazas

Listing Contacts

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$68,912.00
$5,742.67/mo

Valuation Metrics

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DSCR
4.38%
Cap Rate
4.38%
ROI

Map

Zoning

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RM-4 ResidentialMulti FamilyMultiple Family Residential
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Last updated Jun 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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