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$3,800,000
Est. payment /mo
3 Beds
2 Baths
0.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID OC26018438
Bedrooms 3
Lot Size 0.400 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
The Westporter Apartment Homes is a well-located 14-unit multifamily investment situated on two adjacent parcels with a shared central courtyard at 2109 & 2113 East Westport Drive in Anaheim. Constructed in 1959, the property features a desirable unit mix of 12 one-bed/one-bath units and 2 two-bed/one-bath units, supported by 14 garage spaces, security entry doors, and two on-site laundry facilities (one per building). The asset is being offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents, providing clear income growth through continued rent optimization. Current ownership has implemented RUBS, allowing for the recovery of utility expenses and improving operational efficiency. Combined with ancillary income from laundry, The Westporter Apartment Homes presents investors with a balanced opportunity offering both immediate yield and long-term upside in one of Orange Countys most active rental markets.
Location
State CA
County Orange
Zoning Assessor
Direction Cross Streets of East Westport Drive & South State College Boulevard
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 08344105
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Listed by Tyler Leeson, DRE#01451551 Marcus & Millichap RE Invest
Nearby Locations
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