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670 S Magnolia Ave 7 Unit Apartment Building $4,250,000 ($607,143/Unit) 4.09% Cap Rate Anaheim, CA 92804
Investment Highlights
- All Three-Story Townhomes
- Large Two- & Three-Bedroom Units (1,607 SF)
- (2) Units Recently Updated with Light Wood Laminate Flooring, Refreshed Countertops & New Interior Paint
- 2006 Construction- Originally built as condominiums
- Units Include In-Unit Washer/Dryer Hookups, Direct-Access Two-Car Garage, High Vaulted Ceilings, Central Air Conditioning & Heating, Private Balconies
- Located Near Major Thoroughfares, including Orange Avenue & S. Magnolia Avenue and Less Than 5-Miles from the Disneyland Resorts
Executive Summary
Opportunity to acquire a 7-unit multifamily community constructed in 2006, in a prime Anaheim location. The property features all three-story townhome-style units with spacious two- and three-bedroom layouts averaging approximately 1,607 square feet.
Each unit includes in-unit washer/dryer hookups, direct-access two-car garages, vaulted ceilings, central HVAC, and private balconies or patios. Two units have been recently updated with new flooring, refreshed countertops, and interior paint, providing immediate upside.
Conveniently located near Orange Ave and S. Magnolia Ave, and less than five miles from Disneyland, with easy access to major employment, retail, and dining
Each unit includes in-unit washer/dryer hookups, direct-access two-car garages, vaulted ceilings, central HVAC, and private balconies or patios. Two units have been recently updated with new flooring, refreshed countertops, and interior paint, providing immediate upside.
Conveniently located near Orange Ave and S. Magnolia Ave, and less than five miles from Disneyland, with easy access to major employment, retail, and dining
Property Facts
| Price | $4,250,000 | Apartment Style | Garden |
| Price Per Unit | $607,143 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 4.09% | Building Size | 11,246 SF |
| Gross Rent Multiplier | 17.29 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | RM-3 - Multiple Family Residential | ||
| Price | $4,250,000 |
| Price Per Unit | $607,143 |
| Sale Type | Investment |
| Cap Rate | 4.09% |
| Gross Rent Multiplier | 17.29 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.42 AC |
| Building Size | 11,246 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2006 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | RM-3 - Multiple Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Kitchen
- Vaulted Ceiling
- Tub/Shower
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 3 | $2,754 | 1,566 |
| 3+2.5 | 4 | $3,051 | 1,637 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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670 S Magnolia Ave
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