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Gilbuck Apartments 938 S Gilbuck Dr 5 Unit Apartment Building $1,675,000 ($335,000/Unit) 5.14% Cap Rate Anaheim, CA 92802

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EXECUTIVE SUMMARY

The Gilbuck Apartments are in the prime, rental market of Anaheim, CA surrounded by employment, educational, recreational and retail opportunities. The Anaheim rental market is one of the most robust in the county with historically high occupancy, strong rental growth, and highly desirable location.
The property, built in 1960, is entirely single-story construction, offers tenants carport parking, individual metering for utilities, and a desirable unit mix of 80% one-bedroom and 20% two-bedroom units. The property's location offers tremendous access to freeways for tenants to reach the greater socal area and other employment opportunities. Within the immediate area of the Gilbuck Apartments are thousands of employment opportunities, recreational opportunities including public parks, movie theaters, and Disneyland, retail and shopping centers, and numerous educational opportunities.

PROPERTY FACTS

Price $1,675,000
Price Per Unit $335,000
Sale Type Investment
Cap Rate 5.14%
Sale Condition 1031 Exchange
Gross Rent Multiplier 13.74
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Lot Size 0.19 AC
Building Size 2,932 SF
No. Stories 1
Year Built/Renovated 1960/2024

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
250-174-07
Land Assessment
$697,756
Improvements Assessment
$113,486
Total Assessment
$811,242
  • Listing ID: 35496505

  • Date on Market: 4/15/2025

  • Last Updated:

  • Address: 938 S Gilbuck Dr, Anaheim, CA 92802

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