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527 N Anna Dr 16 Unit Apartment Building $5,100,000 ($318,750/Unit) 5.12% Cap Rate Anaheim, CA 92805
INVESTMENT HIGHLIGHTS
- Combination of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units.
- Gated access, an on-site laundry facility, and 16 secure garage spaces enhance tenant satisfaction and retention.
- Within steps of Sycamore Plaza and Granada Square, anchored by Stater Bros., Superior Grocers, CVS, and Harbor Freight.
- Significant upgrades by current ownership include dual-pane windows and fresh exterior paint, reducing near-term maintenance requirements.
- The property benefits from RUBS (Ratio Utility Billing System), allowing ownership to recapture utility costs and improve NOI.
- Located near Sycamore Junior High School, California State University Fullerton, and the employment hubs of Downtown Fullerton and Downtown Anaheim.
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 527 North Anna Drive, a 16-unit multifamily community located in Anaheim, California.
The property features a desirable mix of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, appealing to a wide tenant base of individuals, couples, and small families. Current ownership has invested significant capital into the community, including dual-pane windows and new exterior paint throughout the property, creating a well-maintained and attractive living environment. The property also provides residents with gated access, an on-site laundry facility, and sixteen garage spaces, while a spacious paved patio enhances curb appeal and reduces landscaping expenses. Ownership has further implemented a ratio utility billing system (RUBS), enabling recovery of utility costs and contributing to efficient operations.
527 North Anna Drive is strategically positioned within walking distance of Sycamore Junior High School as well as Sycamore Plaza, a neighborhood center anchored by Stater Bros. Markets and Harbor Freight, and Granada Square, anchored by Superior Grocers and CVS. These retail hubs provide tenants with convenient access to everyday needs. Within a three-mile radius, residents benefit from proximity to California State University Fullerton, Downtown Fullerton, Downtown Anaheim, Disneyland Resort, and the Honda Center, connecting the community to some of the region’s most important educational, cultural, and entertainment destinations. The property also provides quick access to State Routes 57 and 91, offering seamless transportation throughout Orange and Los Angeles Counties.
The property has been stabilized at near-market rental levels, offering investors the opportunity to acquire a strong performing asset with reliable in-place cash flow.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
The property features a desirable mix of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, appealing to a wide tenant base of individuals, couples, and small families. Current ownership has invested significant capital into the community, including dual-pane windows and new exterior paint throughout the property, creating a well-maintained and attractive living environment. The property also provides residents with gated access, an on-site laundry facility, and sixteen garage spaces, while a spacious paved patio enhances curb appeal and reduces landscaping expenses. Ownership has further implemented a ratio utility billing system (RUBS), enabling recovery of utility costs and contributing to efficient operations.
527 North Anna Drive is strategically positioned within walking distance of Sycamore Junior High School as well as Sycamore Plaza, a neighborhood center anchored by Stater Bros. Markets and Harbor Freight, and Granada Square, anchored by Superior Grocers and CVS. These retail hubs provide tenants with convenient access to everyday needs. Within a three-mile radius, residents benefit from proximity to California State University Fullerton, Downtown Fullerton, Downtown Anaheim, Disneyland Resort, and the Honda Center, connecting the community to some of the region’s most important educational, cultural, and entertainment destinations. The property also provides quick access to State Routes 57 and 91, offering seamless transportation throughout Orange and Los Angeles Counties.
The property has been stabilized at near-market rental levels, offering investors the opportunity to acquire a strong performing asset with reliable in-place cash flow.
*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 |
$397,284
|
$39.92
|
| Other Income |
$21,732
|
$2.18
|
| Vacancy Loss |
$11,919
|
$1.20
|
| Effective Gross Income |
$407,097
|
$40.91
|
| Taxes |
$56,056
|
$5.63
|
| Operating Expenses |
$89,692
|
$9.01
|
| Total Expenses |
$145,748
|
$14.65
|
| Net Operating Income |
$261,349
|
$26.26
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $397,284 |
| Annual Per SF | $39.92 |
| Other Income | |
|---|---|
| Annual | $21,732 |
| Annual Per SF | $2.18 |
| Vacancy Loss | |
|---|---|
| Annual | $11,919 |
| Annual Per SF | $1.20 |
| Effective Gross Income | |
|---|---|
| Annual | $407,097 |
| Annual Per SF | $40.91 |
| Taxes | |
|---|---|
| Annual | $56,056 |
| Annual Per SF | $5.63 |
| Operating Expenses | |
|---|---|
| Annual | $89,692 |
| Annual Per SF | $9.01 |
| Total Expenses | |
|---|---|
| Annual | $145,748 |
| Annual Per SF | $14.65 |
| Net Operating Income | |
|---|---|
| Annual | $261,349 |
| Annual Per SF | $26.26 |
PROPERTY FACTS
| Price | $5,100,000 | Building Class | C |
| Price Per Unit | $318,750 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 9,952 SF |
| Cap Rate | 5.12% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.17 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.61/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM1200, Anaheim | ||
| Price | $5,100,000 |
| Price Per Unit | $318,750 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Gross Rent Multiplier | 12.17 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 9,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.61/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM1200, Anaheim |
AMENITIES
SITE AMENITIES
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 575 |
| 2+1 | 4 | - | 763 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 073-183-11 | Total Assessment | $2,722,731 |
| Land Assessment | $1,864,482 | Annual Taxes | $56,056 ($5.63/SF) |
| Improvements Assessment | $858,249 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
073-183-11
Land Assessment
$1,864,482
Improvements Assessment
$858,249
Total Assessment
$2,722,731
Annual Taxes
$56,056 ($5.63/SF)
Tax Year
2025 Payable 2025
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527 N Anna Dr
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