128 E Wakefield Ave - Apartments FOR SALE


Anaheim, CA 92802- Anaheim Resort
$2,565,000 USD
714-713-9086
128 E Wakefield Ave, Anaheim, CA for Sale
$2,565,000 USD
Apartments - FOR SALE
1/19
null | 5.5% Cap Rate

128 E Wakefield Ave
Anaheim, CA 92802
Anaheim Resort


HIGHLIGHTS

  • Unique Turnkey Investment Opportunity | All Units Feature Attractive Interior Renovations
  • Freshly Painted Exterior & Newly Upgraded Fencing
  • Offers a Mix of (4) One-Bedroom & (3) Two-Bedroom Units
  • Near Orange County’s Most Popular Destinations & Top Employers
  • In Close Proximity to an Abundance of Retailers & Restaurants
  • Convenient Access to Major Orange County Employers Located in the Anaheim Resort District & the Platinum Triangle

OVERVIEW

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 128 East Wakefield Avenue, a 7-unit multifamily investment property located in Anaheim, California. Built in 1961, 128 East Wakefield Avenue offers a desirable mix of one and two-bedroom floor plans. In 2024 current ownership invested significant capital into improvements to the property’s exterior and unit interiors. Exterior upgrades include fresh paint, newly installed fencing, and an updated mailbox, while the units received upgrades including fresh paint, vinyl flooring, quartz countertops, stainless steel appliances, and more (see Offering Memorandum). The property offers desirable amenities including a gated common area courtyard, an on-site laundry facility, security doors, and ample garage parking. 128 East Wakefield Avenue benefits from its optimal Anaheim location, situated within one mile of Disneyland and Downtown Disney (see Offering Memorandum). The property is located adjacent to part of the recently approved DisneylandForward project, a $1.9 billion plan to expand Disneyland’s footprint by adding new hotels, retail, and attractions to its existing 100-acre plus site. Additionally, 128 East Wakefield Avenue is located within one mile of the Anaheim GardenWalk, providing residents with convenient access to a plethora of retail, dining, and entertainment options (see Offering Memorandum). The property is situated adjacent to the Platinum Triangle, an ongoing urban, business, and entertainment development that’s home to Angel Stadium, The Honda Center, and The Grove of Anaheim. Furthermore, 128 East Wakefield Avenue provides residents with convenient access to Interstate 5, State Route 57, and the Anaheim Regional Transportation Intermodal Center (ARTIC), connecting residents to employment hubs throughout Orange and Los Angeles Counties. With high quality property and unit upgrades, 128 East Wakefield represents a unique opportunity to acquire a renovated property in the direct vicinity of Disneyland and other major Anaheim area destinations. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,565,000 USD

PRICE/SF

$481 USD /SF

# OF UNITS

7

PRICE/UNIT

$366,429

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,664 SF

ZONING

2-MFD

APN/PARCEL ID

137-342-04

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.