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421 N Rose St 8 Unit Apartment Building $3,125,000 ($390,625/Unit) 4.80% Cap Rate Anaheim, CA 92805
EXECUTIVE SUMMARY
This 8-unit apartment building is located at 421 North Rose Street in Anaheim, CA. The property benefits from its excellent unit mix of 100% two-bedroom units, as well as two-story construction. The property is very well-maintained and spacious. The interior and exterior were recently renovated and each unit includes it's own, individual water heater.
The property boasts eight (8), single parking spaces and is separately metered for gas and electricity. The desirable unit mix and amenities keep occupancy high and cash flow strong. The Anaheim rental market remains strong, as it's one of the top cities in the US in terms of rent growth. Tenants also benefit from proximity to major freeways like the 91, 57, and 5 freeways as well as a variety of shopping, entertainment, educational, and occupational opportunities.
The property boasts eight (8), single parking spaces and is separately metered for gas and electricity. The desirable unit mix and amenities keep occupancy high and cash flow strong. The Anaheim rental market remains strong, as it's one of the top cities in the US in terms of rent growth. Tenants also benefit from proximity to major freeways like the 91, 57, and 5 freeways as well as a variety of shopping, entertainment, educational, and occupational opportunities.
PROPERTY FACTS
| Price | $3,125,000 | Apartment Style | Low-Rise |
| Price Per Unit | $390,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.80% | Building Size | 7,688 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.49 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM3 | ||
| Price | $3,125,000 |
| Price Per Unit | $390,625 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.49 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,688 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | RM3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 805 |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 035-223-14 | Improvements Assessment | $390,150 |
| Land Assessment | $2,392,920 | Total Assessment | $2,783,070 |
PROPERTY TAXES
Parcel Number
035-223-14
Land Assessment
$2,392,920
Improvements Assessment
$390,150
Total Assessment
$2,783,070
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421 N Rose St
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