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)