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3221 W Ball Rd 3221 W Ball Rd 14 Unit Apartment Building $4,399,000 ($314,214/Unit) 4.41% Cap Rate Anaheim, CA 92804
Investment Highlights
- Property Qualifies for Incredible 5.05% Interest Only Financing
- Attractive Single-Story Layout with Ample Garage, Carport & Open Parking
- Large 36,458 SF Lot with Concrete Driveways & Gated Access
- Majority 2 & 3 Bedroom Units with Fireplaces & Private Patios
- Recent Capital Improvements Include New Electrical Panels, Roof Repairs & Replacements, Major Plumbing Upgrades, and a New Parking Gate
Executive Summary
3221 W. Ball Road is an attractive multifamily community offering a rare combination of comfort, scale, and upside potential in one of Orange County’s most desirable rental markets. Situated on a spacious 36,458 SF lot, the property features all single-story units, an increasingly sought-after design that enhances privacy and livability. Each unit includes a cozy fireplace and private patio, creating a home-like atmosphere that appeals to long-term tenants. The community is further supported by a pool and an on-site laundry room (owned machines), providing additional income and convenience. With a unit mix primarily composed of large 2 and 3 bedroom layouts, ample carport, garage, and open parking, the property caters well to families and professionals alike. Recent capital improvements, including new electrical panels, roof repairs and replacements, major plumbing upgrades, a new parking gate, and termite treatment, significantly reduce near-term expenses. With a projected 31% rental upside, this asset presents a compelling opportunity for investors seeking both stability and growth in a high-demand Anaheim submarket.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,399,000 | Apartment Style | Low-Rise |
| Price Per Unit | $314,214 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.84 AC |
| Cap Rate | 4.41% | Building Size | 12,228 SF |
| Gross Rent Multiplier | 13.81 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Zoning | R3 | ||
| Price | $4,399,000 |
| Price Per Unit | $314,214 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| Gross Rent Multiplier | 13.81 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 12,228 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Pool
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 10 | - | - |
| 1+1 | 2 | - | - |
| Studios | 1 | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 079-441-38 | Total Assessment | $506,559 (2025) |
| Land Assessment | $117,831 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $388,728 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
079-441-38
Land Assessment
$117,831 (2025)
Improvements Assessment
$388,728 (2025)
Total Assessment
$506,559 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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3221 W Ball Rd | 3221 W Ball Rd
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