200 E Wakefield Ave
- Prime Anaheim Location: Ideally situated near top attractions like Disneyland Resort and Anaheim Convention Center, offering residents easy access to premier shopping, dining, and entertainment. The property benefits from Anaheim’s tourism economy and proximity to major destinations.
- Extensive Recent Renovations: Completed in 2021-2022, the property underwent a comprehensive remodel, including a new roof, double-pane windows, exterior paint, updated copper plumbing, and modern AC units, providing a fresh, low-maintenance appeal.
- Spacious, Modern Interiors: All six units boast large, thoughtfully designed floor plans, with configurations of 3 to 5 bedrooms, each updated with new flooring, interior paint, ceiling fans, and quality fixtures.
- High-Quality Finishes: Kitchens and bathrooms have been fully upgraded with granite countertops, new vanities, stainless steel appliances (refrigerator, range, microwave, dishwasher), new toilets, bathtubs, and even in-unit washers and dryers, enhancing appeal for tenants.
- On-Site Parking: Each unit includes an enclosed garage space located at the rear of the building, providing added convenience and security for residents.
- Investment Potential: With a 5% cap rate, strong occupancy, and potential for rent increases, this turnkey property presents an excellent opportunity for consistent cash flow and long-term growth in a high-demand rental market.
Property Description
Prime Net Lease Inc. is pleased to offer 200 E. Wakefield Ave. in the desirable community of Anaheim. The subject property was completely renovated in 2021-2022 and is in excellent condition. 200 E. Wakefield Ave. offers very large units (1,550 SF Average) The new owner will enjoy a turnkey, low-maintenance asset with immediate cash flow. The property features a unique unit mix with units 3, 4, and 5 Bedroom units. There are individual enclosed single car garages for each unit at the rear of the building. Over 10% upside in rents exists through annual increases. The apartment building is conveniently located in Anaheim, California, offering easy access to a variety of amenities and attractions. Residents can enjoy proximity to shopping centers, restaurants, entertainment venues, and recreational facilities, ensuring a vibrant and fulfilling lifestyle. Disneyland Resort and the Anaheim Convention Center are both less than 5 minutes away. In 2022, the park had approximately 16.9 million visits, making it the second most visited amusement park in the world that year. The Convention Center hosts approximately 300 events each year, consisting of trade shows, conventions, corporate events, consumer shows, meetings, social functions and banquets.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,295,000 |
| No. of Units: | 6 |
| Average Occupancy: | 5.35 |
| Year Built: | 1964 |
| Lot Size: | 0.20 Acres |
| Opportunity Zone: | No |
| Price per unit: | $549,167 |
| Property Website | Click Here |
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