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721 W La Palma Ave
Anaheim, CA 92801

$4,795,000 USD

Apartments For Sale  •  12,092 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,092 SF
  • Lot Size 0.3 AC
  • Building Class B
  • Year Built 1989
  • Cap Rate 4.43 %
  • Zoning RM1200, Anaheim
44 Transit Score
74 Walk Score

Highlights

Exclusively Spacious Two-Bedroom Floor Plans | Features Eight Two-Story Townhomes, Each with Two Balconies
First Time on the Market in 25+ Years | Rare 1989 Construction | 5.75% CAP Rate on Market Rents
Ample Parking: 30 Spaces in a Gated Parking Garage | Potential to Amenitize Spacious Common Area Patio | In-Unit Laundry Hookups
SB-721 Balcony Work & Approval Completed | Over $300,000 Recently Invested on Capital Improvements
Near Orange County’s Most Popular Destinations | Adjacent to Northgate Market Anchored Shopping Center
Close Proximity to Schools, Parks, Grocers, & Retailers

Financial Summary (Actual)

Net Operating Income: $212,335 USD (2024)
Cap Rate: 4.43 %
Total Expenses: $98,379 USD

Amenities

  • Balcony
  • Courtyard
  • Security System
  • Washer/Dryer Hookup
  • Gated

Public Transportation

Commuter RailDriveWalkDistance
Fullerton (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 2.1 mi
Buena Park (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 5.7 mi
AirportDriveWalkDistance
John Wayne/Orange County 20 min - 15.2 mi
Long Beach (Daugherty Field) 28 min - 19.8 mi
Ontario International 41 min - 31.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: AttachedGarage
Included in Rent: Yes
Tyler Leeson 949-419-3252 Marcus & Millichap
Tyler Leeson 949-419-3252 Marcus & Millichap