918 S Webster Ave
Anaheim, CA 92804
The Arches · Multifamily Property For Sale · 26 Units

The 29,245 square foot property consists of two, one-bedroom units, twelve, two-bedroom units, and twelve, three-bedroom units. Built in 1966, the property offers amenities including gated access, a swimming pool, private patios (select units), central AC, open and carport parking, on-site laundry, and a spacious central courtyard. Residents enjoy the walkable access to Magnolia High School and the short commute to major area points of interests and employers. The West Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.1 percent (3Q 2018) and average effective rent increase of 3.6 percent (year-over-year since 3Q 2017), demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at The Arches.