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Listed by Jason Kirklen • Kirklen Investment Group
$1,775,000
Est. payment /mo
3,883 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,883 sqft
Price per Sqft $457
MLS Listing ID OC-26128039
Year Built 1961
Lot Size 9,150 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
The West Provential Apartments present a rare opportunity to acquire a well-maintained 4-unit multifamily asset in the heart of Anaheim, California. Constructed in 1961, the property features a highly desirable unit mix of one spacious 2-bedroom/1-bath units and three 2-bedroom/1.5-bath townhouse-style units with private yards and fireplaces, creating strong tenant appeal in a supply-constrained rental market. The property benefits from an attractive low-density layout with expansive landscaped courtyards, twelve garage parking spaces, and an on-site laundry rooms, providing residents with convenience and long-term livability. Recent capital improvements including newer windows, doors, and roof systems help minimize near-term maintenance obligations while supporting continued rental growth and operational stability. Operational upside remains through the implementation of RUBS for trash and water reimbursement, as well as charging tenants for garage parking. Current ownership has not fully captured these ancillary income streams, allowing a new investor the opportunity to increase cash flow with minimal capital investment. Additionally, the property's existing rents remain below projected market levels, supporting continued organic rental growth over time. Located within close proximity to Disneyland, major employment centers, retail amenities, and multiple freeway corridors including the 5, 91, and 57 Freeways, the asset is positioned to benefit from Anaheim's continued economic expansion and strong multifamily demand drivers. The surrounding area continues to attract a broad renter base seeking affordable and centrally located housing within Orange County. With its strong in-place fundamentals, attractive unit mix, functional layout, and clear path to increased revenue, West Provential Apartments offers investors a compelling opportunity to acquire a stabilized Anaheim multifamily asset with meaningful upside potential and long-term ownership appeal. This may be purchased together with 625 W Provential.
Location
State CA
County Orange
Interior
Heating Forced Air
Laundry Community
Exterior
Parking Features Garage - Three Door, Assigned
Garage Spaces 6.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Street Lights
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900