2228 E Westport Dr
- 11 one-bedroom floorplans and 1 two-bedroom, one-bath unit
- Separately Metered Utilities
- In-place rents are near market rate, providing reliable cash flow with limited rental gap exposure
- Minutes from Disneyland Resort, Angel Stadium, Honda Center, and the Anaheim Packing District
- Single Story Construction
- On-Site Laundry
- 6 Double Car Garages
Property Description
The offering presents the opportunity to acquire Westport Apartments, a 12-unit multifamily asset located at 2228 E. Westport Dr in Anaheim, California. The property consists of a single, one-story building constructed in 1960 and features a highly desirable unit mix of predominantly one-bedroom units (11 one-bed/one-bath and 1 two-bed/one-bath), catering to consistent workforce housing demand in Southeast Anaheim. The asset is currently operating with stable occupancy and in-place rents near market levels, providing reliable in-place cash flow with limited lease-up risk. The investment offers clear and achievable upside potential through operational improvements. A new owner can increase revenue by implementing RUBS to recapture utility expenses, monetizing garage parking, and pushing rents to full market levels. Additionally, the property’s current expense structure and management present opportunities for further NOI growth through professionalized operations and cost efficiencies. Westport Apartments is uniquely positioned within its immediate neighborhood, surrounded by dense residential housing, strong retail amenities, and proximity to major employers and transportation corridors. The property benefits from convenient access to the 5, 57, and 91 freeways, as well as nearby shopping centers such as Anaheim Town Square, supporting strong tenant demand and long-term rent growth.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,800,000 |
| No. of Units: | 12 |
| Year Built: | 1960 |
| Lot Size: | 0.50 Acres |
| Opportunity Zone: | No |
| Price per unit: | $316,667 |
| Property Website | Click Here |
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