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Anaheim Westport Apartments 2227 E Westport Dr 16 Unit Apartment Building $4,495,000 ($280,938/Unit) 3.99% Cap Rate Anaheim, CA 92806



INVESTMENT HIGHLIGHTS
- Quiet Tentants
- Well Maintained
EXECUTIVE SUMMARY
Long-time owner has taken excellent care of these 2- 8 unit apartments. 2 separate APNs that the 2 units face each other with a common courtyard. Both 2-story, all units are identical 1-bedroom units. 2 laundry rooms that are underutilized due to the prices being $2.00 to $2.75 per load on lease. 2 buildings of 4 -2 car garages. 9 electric meters, common gas, and water are paid by the landlord. Fenced front and back.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$247,873
|
$20.79
|
| Other Income |
$3,231
|
$0.27
|
| Vacancy Loss |
$8,477
|
$0.71
|
| Effective Gross Income |
$242,627
|
$20.35
|
| Taxes |
$8,618
|
$0.72
|
| Operating Expenses |
$54,625
|
$4.58
|
| Total Expenses |
$63,243
|
$5.30
|
| Net Operating Income |
$179,384
|
$15.05
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $247,873 |
| Annual Per SF | $20.79 |
| Other Income | |
|---|---|
| Annual | $3,231 |
| Annual Per SF | $0.27 |
| Vacancy Loss | |
|---|---|
| Annual | $8,477 |
| Annual Per SF | $0.71 |
| Effective Gross Income | |
|---|---|
| Annual | $242,627 |
| Annual Per SF | $20.35 |
| Taxes | |
|---|---|
| Annual | $8,618 |
| Annual Per SF | $0.72 |
| Operating Expenses | |
|---|---|
| Annual | $54,625 |
| Annual Per SF | $4.58 |
| Total Expenses | |
|---|---|
| Annual | $63,243 |
| Annual Per SF | $5.30 |
| Net Operating Income | |
|---|---|
| Annual | $179,384 |
| Annual Per SF | $15.05 |
PROPERTY FACTS
| Price | $4,495,000 | Building Class | C |
| Price Per Unit | $280,938 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 11,923 SF |
| Cap Rate | 3.99% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | T (Transition) - a zone in a transitory or interim use, restricted to limited uses because of special conditions, or not zoned to one of the zoning districts. | ||
| Price | $4,495,000 |
| Price Per Unit | $280,938 |
| Sale Type | Investment |
| Cap Rate | 3.99% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 11,923 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | T (Transition) - a zone in a transitory or interim use, restricted to limited uses because of special conditions, or not zoned to one of the zoning districts. |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Gated
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $2,050 | 540 - 570 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $415,604 (2025) | |
| Land Assessment | $121,192 (2025) | Annual Taxes | $8,618 ($0.72/SF) |
| Improvements Assessment | $294,412 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$121,192 (2025)
Improvements Assessment
$294,412 (2025)
Total Assessment
$415,604 (2025)
Annual Taxes
$8,618 ($0.72/SF)
Tax Year
2024
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Anaheim Westport Apartments | 2227 E Westport Dr
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