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El Pueblo Apartments 401 S Beach Blvd 30 Unit Apartment Building $9,500,000 ($316,667/Unit) 4.13% Cap Rate Anaheim, CA 92804
INVESTMENT HIGHLIGHTS
- 24 one-bed/one-bath units & 6 two-bed/one-bath units, appealing to a wide range of tenants from singles & couples to small families.
- The property also provides a swimming pool, on-site laundry facilities, and secure gated pedestrian access.
- Directly adjacent to West Anaheim Medical Center, Anaheim’s 8th largest employer.
- Each unit offers a private patio or balcony, with vaulted ceilings in second-floor residences.
- With 30 garage spaces and 20 surface spaces, residents benefit from abundant and structured parking.
- Just over one mile from Knott’s Berry Farm and Buena Park Downtown.
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap is pleased to present El Pueblo Apartments, a 30-unit multifamily community located at 401 South Beach Boulevard in Anaheim, California. Built in 1978 and situated on a 1.22-acre parcel, the property offers an attractive unit mix, strong existing amenities, and meaningful upside through both rental growth and potential accessory dwelling unit expansion.
El Pueblo Apartments features a desirable mix of 24 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units, appealing to a broad tenant base. Each unit includes a private patio or balcony, with vaulted ceilings in second-floor residences enhancing natural light and livability. The community is supported by a compelling amenity package, including a swimming pool, on-site laundry facilities, and secure gated pedestrian access. Parking is a key differentiator, with 30 garage spaces and 20 surface spaces. Two-bedroom units are assigned two parking spaces, while one-bedroom units receive one assigned space, offering a parking ratio that is uncommon for properties of this vintage and size in the submarket.
The asset presents substantial value-add potential, with the opportunity to increase rental income through continued interior upgrades and operational improvements. Additionally, the expansive 1.22-acre site provides potential for accessory dwelling unit development, subject to buyer verification and municipal approval, offering an additional avenue for future income growth.
Ideally positioned, El Pueblo Apartments is directly adjacent to West Anaheim Medical Center, Anaheim’s 8th largest employer, driving consistent demand from healthcare professionals and staff. The property is also just over one mile from Knott’s Berry Farm and Buena Park Downtown, and in close proximity to Western High School, Twila Reid Park, and Cypress College, further strengthening long-term rental demand.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
El Pueblo Apartments features a desirable mix of 24 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units, appealing to a broad tenant base. Each unit includes a private patio or balcony, with vaulted ceilings in second-floor residences enhancing natural light and livability. The community is supported by a compelling amenity package, including a swimming pool, on-site laundry facilities, and secure gated pedestrian access. Parking is a key differentiator, with 30 garage spaces and 20 surface spaces. Two-bedroom units are assigned two parking spaces, while one-bedroom units receive one assigned space, offering a parking ratio that is uncommon for properties of this vintage and size in the submarket.
The asset presents substantial value-add potential, with the opportunity to increase rental income through continued interior upgrades and operational improvements. Additionally, the expansive 1.22-acre site provides potential for accessory dwelling unit development, subject to buyer verification and municipal approval, offering an additional avenue for future income growth.
Ideally positioned, El Pueblo Apartments is directly adjacent to West Anaheim Medical Center, Anaheim’s 8th largest employer, driving consistent demand from healthcare professionals and staff. The property is also just over one mile from Knott’s Berry Farm and Buena Park Downtown, and in close proximity to Western High School, Twila Reid Park, and Cypress College, further strengthening long-term rental demand.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$677,004
|
$30.05
|
| Other Income |
$35,450
|
$1.57
|
| Vacancy Loss |
$20,310
|
$0.90
|
| Effective Gross Income |
$692,144
|
$30.72
|
| Taxes |
$105,151
|
$4.67
|
| Operating Expenses |
$194,294
|
$8.62
|
| Total Expenses |
$299,445
|
$13.29
|
| Net Operating Income |
$392,699
|
$17.43
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $677,004 |
| Annual Per SF | $30.05 |
| Other Income | |
|---|---|
| Annual | $35,450 |
| Annual Per SF | $1.57 |
| Vacancy Loss | |
|---|---|
| Annual | $20,310 |
| Annual Per SF | $0.90 |
| Effective Gross Income | |
|---|---|
| Annual | $692,144 |
| Annual Per SF | $30.72 |
| Taxes | |
|---|---|
| Annual | $105,151 |
| Annual Per SF | $4.67 |
| Operating Expenses | |
|---|---|
| Annual | $194,294 |
| Annual Per SF | $8.62 |
| Total Expenses | |
|---|---|
| Annual | $299,445 |
| Annual Per SF | $13.29 |
| Net Operating Income | |
|---|---|
| Annual | $392,699 |
| Annual Per SF | $17.43 |
PROPERTY FACTS
| Price | $9,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $316,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.22 AC |
| Cap Rate | 4.13% | Building Size | 22,532 SF |
| Gross Rent Multiplier | 13.33 | Average Occupancy | 100% |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 2.22/1,000 SF |
| Price | $9,500,000 |
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 4.13% |
| Gross Rent Multiplier | 13.33 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.22 AC |
| Building Size | 22,532 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.22/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 722 |
| 2+1 | 6 | - | 850 |
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PROPERTY TAXES
| Parcel Number | 135-391-03 | Total Assessment | $2,411,389 (2025) |
| Land Assessment | $768,180 (2025) | Annual Taxes | $105,151 ($4.67/SF) |
| Improvements Assessment | $1,643,209 (2025) | Tax Year | 2026 Payable 2026 |
PROPERTY TAXES
Parcel Number
135-391-03
Land Assessment
$768,180 (2025)
Improvements Assessment
$1,643,209 (2025)
Total Assessment
$2,411,389 (2025)
Annual Taxes
$105,151 ($4.67/SF)
Tax Year
2026 Payable 2026
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El Pueblo Apartments | 401 S Beach Blvd
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