704 S Webster Ave 13 Unit Apartment Building $4,300,000 ($330,769/Unit) 5.10% Cap Rate Anaheim, CA 92804

Marcus & Millichap presents 704 S. Webster Avenue, a well-maintained 13-unit multifamily investment opportunity in the city of Anaheim. This asset is subject to the statewide AB 1482 provisions allowing annual rent increases of 5% + CPI (currently 8.7%). This positions an investor to capture the remaining upside relatively quickly through standard adjustments.
Built in 1978, the asset totals 11,562 square feet and includes (4) 1bed/1bath units, (3) 2bed/1bath units, and (6) 2bed/2bath units. Select units have been renovated over the years with unit 3 being the most recent renovated unit.
Parking includes (8) surface spaces at the rear, (13) covered spaces along the side, and (3) private spaces at the rear for a total of (24) parking spaces. There are also (14) storage cabinets located at the covered parking spaces and an on-site laundry room. The property sits on a 21,344 square foot lot zoned RM-4.
Positioned west of S. Brookhurst Street, between W. Orange Avenue and W. Ball Road, the property is located within proximity to multiple local shopping centers, schools, and places of business. The city of Anaheim is home to Disneyland Resort, Anaheim Angeles baseball team, Anaheim Ducks hockey team, and the largest convention center on the West Coast.