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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$3,800,000
Est. payment /mo
8,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $431
MLS Listing ID CROC26018438
HOA Y/N No
Year Built 1959
Lot Size 0.400 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
The Westporter Apartment Homes is a well-located 14-unit multifamily investment situated on two adjacent parcels with a shared central courtyard at 2109 & 2113 East Westport Drive in Anaheim. Constructed in 1959, the property features a desirable unit mix of 12 one-bed/one-bath units and 2 two-bed/one-bath units, supported by 14 garage spaces, security entry doors, and two on-site laundry facilities (one per building). The asset is being offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents, providing clear income growth through continued rent optimization. Current ownership has implemented RUBS, allowing for the recovery of utility expenses and improving operational efficiency. Combined with ancillary income from laundry, The Westporter Apartment Homes presents investors with a balanced opportunity offering both immediate yield and long-term upside in one of Orange County's most active rental markets.
Location
State CA
County Orange
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Level
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