219 W Palais Rd - Apartments FOR SALE


Anaheim, CA 92805- South Anaheim
$7,850,000 USD
949-942-1302
219 W Palais Rd, Anaheim, CA for Sale
$7,850,000 USD
Apartments - FOR SALE
1/8
null | 5.96% Cap Rate

219 W Palais Rd
Anaheim, CA 92805
South Anaheim


HIGHLIGHTS

  • Stabilized Asset with Current Rents at Market
  • Thirty (30) Covered and Fourteen (14) Open Spaces
  • New Dual Pane Vinyl Windows
  • Pitched Roof
  • Ten (10) Electric Vehicle Charging Stations
  • On-Site Laundry Facilities

OVERVIEW

Kirklen Investment Group proudly introduces a prime investment opportunity at 219 West Palais Road, Anaheim, CA, 92805. This multifamily gem boasts a 14,885 SF building with 28 units, offering a stable asset with current rents at market value. Built in 1960, the property features new dual pane vinyl windows, a pitched roof, and a favorable location within the thriving Anaheim rental market. With 30 covered and 14 open parking spaces, this well-maintained property provides convenience and comfort for residents. In addition, 10 of the carport spaces have been upgraded with electric vehicle charging stations built in. Don't miss the chance to invest in this promising garden-style multifamily property with immense potential.

FOR SALE DETAILS

PRICE

$7,850,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

28

PRICE/UNIT

$280,357

CAP RATE

5.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palais Villa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,217 SF

ZONING

RM1200, Anaheim

APN/PARCEL ID

082-412-20

ASK ABOUT THIS PROPERTY

Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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