1512 S 9th St 10 Unit Apartment Building $3,345,000 ($334,500/Unit) 5.15% Cap Rate Anaheim, CA 92802

This well-maintained 10-unit apartment building, built in 1976, is ideally situated in the heart of Anaheim, just two blocks from world-famous Disneyland and Downtown Disney. The property offers an attractive unit mix of large one-bedroom and twobedroom units, all featuring private patios or balconies, wall A/C units, and generous floorplans that appeal to long-term renters. Residents benefit from (16) enclosed garages (1.6 per unit), a convenient on-site laundry facility, and a recently completed new roof, enhancing the building's structural integrity and long-term value. The property currently operates at a strong 5.2% CAP rate on in-place rents with room still to increase income. *7 of the 10 units are eligible for 8% rent increases effective April 1, 2026.
Anaheim’s robust rental market is supported by a diverse economy driven by tourism, healthcare, education, and hospitality. With a high renter population and ongoing demand for quality housing in close proximity to entertainment, transit, and employment, this asset represents a rare opportunity to acquire a multifamily asset in an irreplaceable location ensuring long term appreciation in one of Orange County’s most recession resistant investment markets.