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3420 W Danbrook Ave 4 Unit Apartment Building $1,400,000 ($350,000/Unit) Anaheim, CA 92804
INVESTMENT HIGHLIGHTS
- The property features three 2-bedroom/1-bath units and one 2-bedroom/2-bath unit, each with a private patio that enhances tenant appeal and retention.
- Most windows have been upgraded to dual-pane for improved comfort and efficiency, and each unit includes a security door for added safety.
- Current rents are well below market, offering investors a clear opportunity to increase income through renovations and improved management.
- Recent upgrades include a new hot water heater, replaced water and sewer lines, new ovens and wall heaters, and a remodeled courtyard.
- Five garage spaces and an on-site laundry facility provide convenience for residents and support strong rental demand.
- Located within walking distance of multiple grocery-anchored shopping centers at Knott and Lincoln, providing easy access to retail and dining.
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap is pleased to present 3420 West Danbrook Avenue, a well-maintained 4-unit multifamily investment property located in Anaheim, California. Built in 1961 on a 0.20-acre parcel, the property features a desirable mix of three 2 bed/1 bath units and one 2 bed/2 bath unit. Each residence includes a private patio and security door, while most windows have been upgraded to dual-pane for improved comfort and energy efficiency. Additional amenities include five garage spaces, an on-site laundry facility, and a remodeled central courtyard that enhances the property’s overall appeal.
Current ownership has completed several key capital improvements, including a new water heater, replaced the water and sewer lines, installed new ovens and wall heaters, and made courtyard renovations. These updates reduce future maintenance needs and position the property well for continued strong performance. With current rents more than 60% below market levels, the asset offers immediate upside potential through interior renovations and rental rate adjustments.
The property benefits from a convenient location within walking distance of multiple grocery-anchored shopping centers at the intersection of Knott Avenue and Lincoln Avenue. It is also conveniently located near all three levels of schooling: Danbrook Elementary, Orangeview Junior High, and Western High School, appealing to family-oriented tenants. Cypress College, located less than a mile away, serves over 13,000 students annually and provides a consistent source of housing demand. In addition, the property is just over one mile from Knott’s Berry Farm and Buena Park Downtown, two major regional attractions that contribute to the area’s strong economic and employment base.
3420 West Danbrook Avenue presents investors with a rare opportunity to acquire a stabilized, well-located Anaheim multifamily property with strong fundamentals, proven maintenance history, and clear rental upside in one of Orange County’s most resilient rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Current ownership has completed several key capital improvements, including a new water heater, replaced the water and sewer lines, installed new ovens and wall heaters, and made courtyard renovations. These updates reduce future maintenance needs and position the property well for continued strong performance. With current rents more than 60% below market levels, the asset offers immediate upside potential through interior renovations and rental rate adjustments.
The property benefits from a convenient location within walking distance of multiple grocery-anchored shopping centers at the intersection of Knott Avenue and Lincoln Avenue. It is also conveniently located near all three levels of schooling: Danbrook Elementary, Orangeview Junior High, and Western High School, appealing to family-oriented tenants. Cypress College, located less than a mile away, serves over 13,000 students annually and provides a consistent source of housing demand. In addition, the property is just over one mile from Knott’s Berry Farm and Buena Park Downtown, two major regional attractions that contribute to the area’s strong economic and employment base.
3420 West Danbrook Avenue presents investors with a rare opportunity to acquire a stabilized, well-located Anaheim multifamily property with strong fundamentals, proven maintenance history, and clear rental upside in one of Orange County’s most resilient rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$70,224
|
$18.53
|
| Other Income |
$960
|
$0.25
|
| Vacancy Loss |
$2,107
|
$0.56
|
| Effective Gross Income |
$69,077
|
$18.23
|
| Taxes |
$15,866
|
$4.19
|
| Operating Expenses |
$18,011
|
$4.75
|
| Total Expenses |
$33,877
|
$8.94
|
| Net Operating Income |
$35,200
|
$9.29
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $70,224 |
| Annual Per SF | $18.53 |
| Other Income | |
|---|---|
| Annual | $960 |
| Annual Per SF | $0.25 |
| Vacancy Loss | |
|---|---|
| Annual | $2,107 |
| Annual Per SF | $0.56 |
| Effective Gross Income | |
|---|---|
| Annual | $69,077 |
| Annual Per SF | $18.23 |
| Taxes | |
|---|---|
| Annual | $15,866 |
| Annual Per SF | $4.19 |
| Operating Expenses | |
|---|---|
| Annual | $18,011 |
| Annual Per SF | $4.75 |
| Total Expenses | |
|---|---|
| Annual | $33,877 |
| Annual Per SF | $8.94 |
| Net Operating Income | |
|---|---|
| Annual | $35,200 |
| Annual Per SF | $9.29 |
PROPERTY FACTS
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $350,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,789 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,789 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.58/1,000 SF |
AMENITIES
UNIT AMENITIES
- Double Pane Windows
- Patio
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | 870 - 946 |
| 2+2 | 1 | - | 1,020 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 135-343-06 | Total Assessment | $543,889 |
| Land Assessment | $365,881 | Annual Taxes | $15,866 ($4.19/SF) |
| Improvements Assessment | $178,008 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
135-343-06
Land Assessment
$365,881
Improvements Assessment
$178,008
Total Assessment
$543,889
Annual Taxes
$15,866 ($4.19/SF)
Tax Year
2025 Payable 2025
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3420 W Danbrook Ave
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