For Sale
$2,088,000

2119 Westport DrAnaheim, CA 92806

7-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7-unit apartment building presents a compelling investment opportunity in Anaheim, CA. Located at 2119 East Westport Drive, this two-story property boasts 4,399 square feet on a 0.2-acre lot (APN: 083-441-07). Built in 1959, the property features a mix of one and two-bedroom units, many recently renovated with new flooring, kitchens, and bathrooms. Significant capital improvements include a new roof, dual-pane windows, and upgraded air conditioning throughout. Residents enjoy on-site laundry and ample garage parking. The property's prime location offers convenient access to Anaheim Town Square, featuring Target and Northgate Market, and is within close proximity to Disneyland, Angel Stadium, and the Honda Center. Its strategic location near State Routes 57 and 91 provides easy access to major employment centers throughout Southern California. The property's strong performance is reflected in its current NOI of $96,362 and a pro-forma NOI of $128,605, yielding a 4.62% cap rate and a pro-forma cap rate of 6.16%. The asking price is $2,088,000, translating to $474.65 per square foot and $298,285.71 per unit. This represents a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving Anaheim submarket characterized by strong occupancy rates and rent growth. Drive-by only

Highlights

  • One- and two-bedroom floor plans available.
  • Significant capital improvements completed.
  • On-site laundry and garage parking.
  • Walkable to Anaheim Town Square for everyday conveniences.
  • Convenient access to all levels of education (elementary, secondary, higher education).
  • Less than two miles from Downtown Anaheim's retail, dining, and entertainment.

Property Details for 2119 Westport Dr

Property type
Apartment buildings
Square Feet
4,399 SF
Year Built
1959
Buildings
1
Stories
2
Lot Size (sq. ft)
8,712 SF
Units
7

Location Insight

City
Anaheim
County
Orange
State
California
Latitude
33.8370235
Longitude
-117.8874122
2119 Westport Dr, Anaheim, California

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2119 Westport Dr
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