1163-1169 N Mayfair Ave 6 Unit Apartment Building $1,930,000 ($321,667/Unit) 3.75% Cap Rate Anaheim, CA 92801

Kirklen Investment Group proudly offers the opportunity to acquire 1163-1169 N Mayfair Avenue, a single-story (3+3) 6-unit multifamily investment property located in the City of Anaheim. Built in 1957, the subject property offers a diverse unit mix comprised of (4) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units totaling 4,828 square feet. Situated on a large 17,428 square foot lot, 1163-1169 N Mayfair Avenue provides residents ample on-site parking with (6) garage parking spaces and (8) open parking spaces. Each unit also contains individual water heaters. Residents enjoy being located within proximity to the Anaheim Resort District, Platinum Triangle, and Downtown Anaheim which provide residents an abundance of shopping, entertainment, and dining options. 1163-1169 N Mayfair Avenue also benefits from being located within proximity to the I-5 and SR-91 freeways, which provides residents with ease of transportation throughout California and beyond.
1163-1169 N Mayfair Avenue also provides a new owner multiple paths to create and increase value. A new owner can take advantage of the 43% rental upside through modernization of the interiors to capture market rents. Additionally, the subject property also offers the opportunity to create value by converting the 570 square foot garages into ADU’s (buyer to verify) turning the subject property from a 6-unit building to an 8-unit building creating more supply for the high demand rental market of Anaheim where 54% of residents rent.