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The OC Apartment Homes 1251 N Placentia Ave 56 Unit Apartment Building $17,750,000 ($316,964/Unit) 5.04% Cap Rate Anaheim, CA 92806
Investment Highlights
- Unit Mix Includes One- & Two-Bedroom Floorplans
- In-Place RUBS
- Well-Maintained Landscaping & Garden-Style Courtyard, Swimming Pool & Spa, BBQ Area, On-Site Laundry Facilities, Covered & Open Space Parking
- (3) Two-Story Buildings on 1.95 Acres
- ADU Potential
- Recent Capital Improvements
Executive Summary
Opportunity to acquire the OC Apartment Homes, a 56-unit multifamily community in Anaheim situated on 1.95 acres. The property features three two-story, garden-style buildings with a unit mix of one- and two-bedroom floorplans. Amenities include a landscaped courtyard, pool and spa, BBQ area, and on-site laundry. The asset operates with in-place RUBS and offers ADU potential for additional upside.
Recent improvements include electrical upgrades, roof work, and renovated interiors with quartz countertops, modern cabinetry, vinyl windows, and updated flooring. Units feature air conditioning, gas heating, and are pre-wired for cable. The property is strategically located near State College Blvd. and N. Placentia Ave., providing strong access to surrounding employment and retail corridors.
Recent improvements include electrical upgrades, roof work, and renovated interiors with quartz countertops, modern cabinetry, vinyl windows, and updated flooring. Units feature air conditioning, gas heating, and are pre-wired for cable. The property is strategically located near State College Blvd. and N. Placentia Ave., providing strong access to surrounding employment and retail corridors.
Property Facts Under Contract
| Price | $17,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $316,964 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.95 AC |
| Cap Rate | 5.04% | Building Size | 39,504 SF |
| Gross Rent Multiplier | 12.33 | Average Occupancy | 100% |
| No. Units | 56 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment |
| Price | $17,750,000 |
| Price Per Unit | $316,964 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| Gross Rent Multiplier | 12.33 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 39,504 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Spa
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $1,950 | 623 |
| 2+1 | 12 | $2,325 | 820 |
| 2+2 | 8 | $2,439 | 905 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 268-211-10 | Improvements Assessment | $2,814,322 |
| Land Assessment | $14,071,618 | Total Assessment | $16,885,940 |
Property Taxes
Parcel Number
268-211-10
Land Assessment
$14,071,618
Improvements Assessment
$2,814,322
Total Assessment
$16,885,940
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The OC Apartment Homes | 1251 N Placentia Ave
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