1841 W. Crestwood Lane, Anaheim

1841 W. Crestwood Lane, Anaheim, CA 92804

Sale Price

$1,995,000

Investment Overview

Units

6

Year Built

1961

Price Per SF

$396

Price Per Unit

$332,500

Current Cap Rate

4.45%

Market Cap Rate

5.03%

Current GRM

13.75

Market GRM

12.67

The Offering

1841 W. Crestwood Lane is a 6-unit multifamily property located on a quiet, residential street in Anaheim, California, less than two miles from the largest employers in the area: Disneyland and Anaheim Convention Center.

The property is situated on an oversized lot of 9,664 square feet, and consists of four (4) 2 BD / 1 BA units and two (2) 1 BD / 1 BA units. An on-site laundry room provides additional income.

Ample parking is available with four (4) garages. These garages also provde the opportunity to build two (2) 1 BD / 1 BA ADUs with a potential annual income of $21,000.

1981 W. Crestwood Lane provides a buyer with a value-add opportunity priced at a strong going-in cap rate and considerable potential to increase income.

Investment Highlights

  • Overparked with (7) garage spaces
  • Opportunity for ADUs & permitting an additional unit
  • Delivered with (1) 2BD/1BA unit vacant
  • Onsite laundry room providing extra income
  • Value-add deal priced attractively at a strong going in cap rate
  • Attractive mix of (4) 2BD/1BA units and (2) 1BD/1BA units
  • Less than 2 miles from the largest employers in the area (Disneyland and Anaheim Convention Center)