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227 S Canoga PL Anaheim, CA 92804
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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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Bought with General NONMEMBER • CRMLS