Anaheim, CA 92804,227 S Canoga PL
Anaheim, CA 92804,227 S Canoga PL
Anaheim, CA 92804,227 S Canoga PL
18
$5,350,000
$5,400,000
0.9%
Est.Price: ?

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0.73 Acres Lot

227 S Canoga PL Anaheim, CA 92804

Est. payment /mo
SOLD DATE : 10/29/2019

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Key Details

Sold Price $5,350,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC19117626

Year Built 1963

Lot Size 0.730 Acres

Property Description

The Cypress Meadows Apartment Homes is a well maintained 22-unit apartment community located in the strong rental market of Anaheim, California within the Greater Orange County area. Situated on a 31,950 square foot lot the property consists of (20) very large one bedroom/ one bathroom units and (2) two bedroom/ two bathroom units totaling approximately 16,694 square feet. All units are separately metered for gas and electricity. Tenants enjoy amenities such as: ample on-site parking (including 29 enclosed garages and spaces), on-site, building owned laundry facility, community pool, BBQ/picnic area, gated/secured apartment community and yards/patios. Residents also enjoy easy access to freeways, major retail, job centers and schools.

This offering presents an opportunity for an investor to acquire a very well-maintained stable asset in the desirable rental market of Anaheim. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate. Given the strength of the apartment fundamentals in this sub-market, the subject property is well positioned to capture this market’s continued growth.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Laundry Common Area

Exterior

Garage Spaces 29.0

Garage Description 29.0

Pool Community

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Pool

Building

Lot Description Landscaped, Near Public Transit

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Greg Bassirpou • Marcus & Millichap RE Invest
Bought with General NONMEMBER • CRMLS

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agent

Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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