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Glencrest Palms Apartments 1800 W Glencrest Ave 18 Unit Apartment Building $5,300,000 ($294,444/Unit) 5.45% Cap Rate Anaheim, CA 92801
Investment Highlights
- Unit Mix Includes Studio, One-, Two-Bedroom & Two-Bedroom + Den
- In-Place RUBS
- Large Central Courtyard, On-Site Laundry Room & Well-Parked with (18) Private Garage Spaces
- 5.45% Current Cap Rate
- 11 of 18 Units Renovated with New Flooring, Appliances, Updated Kitchens & Bathrooms
Executive Summary
Sitting on nearly a half-acre parcel, this 18-unit garden-style asset offers studio, one-, and two-bedroom floorplans across a spacious central courtyard setting. Recent improvements include 11 of the 18 renovated. A RUBS program shifts water and trash costs to tenants. On-site laundry and private garage spaces per unit round out an amenity package.
Property Facts
| Price | $5,300,000 | Apartment Style | Garden |
| Price Per Unit | $294,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 5.45% | Building Size | 13,480 SF |
| Gross Rent Multiplier | 11.19 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.48/1,000 SF |
| Price | $5,300,000 |
| Price Per Unit | $294,444 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 11.19 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 13,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.48/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,695 | 448 |
| 1+1 | 9 | $1,885 | 710 |
| 2+1 | 6 | $2,345 | 885 |
| 2+1 | 1 | $2,830 | 885 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 272-041-06 | Improvements Assessment | $832,320 |
| Land Assessment | $4,161,600 | Total Assessment | $4,993,920 |
Property Taxes
Parcel Number
272-041-06
Land Assessment
$4,161,600
Improvements Assessment
$832,320
Total Assessment
$4,993,920
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Glencrest Palms Apartments | 1800 W Glencrest Ave
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