2119 E Westport Dr - Apartments FOR SALE


Anaheim, CA 92806
$2,088,000 USD
714-713-9086
2119 E Westport Dr, Anaheim, CA for Sale
$2,088,000 USD
Apartments - FOR SALE
1/10
null | 4.62% Cap Rate

2119 E Westport Dr
Anaheim, CA 92806


HIGHLIGHTS

  • Substantial Capital Improvements
  • Mix of One & Two-Bedroom Floor Plans | Features an On-Site Laundry Facility & Garage Parking
  • Within Walking Distance of Anaheim Town Square, Providing Residents with Convenient Access to Everyday Needs
  • Easy Access to All Three Levels of Education
  • Just Over 1.50 Miles from the Abundance of Retail, Dining, & Entertainment Options at Downtown Anaheim
  • Just Over 2 Miles from Disneyland, Anaheim’s Premier Employer

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 2119 East Westport Drive, a 7-unit multifamily investment property located in Anaheim, California. The property offers a mix of one and two-bedroom floor plans, of which select units have recently undergone substantial renovations including vinyl and carpet flooring, kitchens, bathrooms, and more. Additionally, current ownership has invested significant capital into improvements including the installation of a new roof as well as dual-pane windows and upgraded air conditioning in all units. Residents enjoy amenities including an on-site laundry facility and ample garage parking. 2119 East Westport Drive has an attractive North Orange County location, situated just east of Downtown Anaheim. The property is located adjacent to Anaheim Town Square, anchored by Target and Northgate Market, providing residents with convenient access to everyday needs. Additionally, 2119 East Westport Drive is just over 2.25 miles from Disneyland, the premier employer within the city per Anaheim’s 2023 Annual Comprehensive Financial Report. Furthermore, the property is within 2.50 miles of the Platinum Triangle, home to Angel Stadium, Honda Center, and an intensive urban development plan creating high density mixed-use, office, restaurant, and residential projects. 2119 East Westport Drive benefits from its close proximity to State Routes 57 and 91, connecting residents to major employment hubs throughout Southern California. The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.1 percent (Q2 2024) and average year-over-year effective rent growth of 3.5 percent for 2023, demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 2119 East Westport Drive. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,088,000 USD

PRICE/SF

$475 USD /SF

# OF UNITS

7

PRICE/UNIT

$298,286

CAP RATE

4.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,756 SF

ZONING

RM1200, Anaheim

APN/PARCEL ID

083-441-07

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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