721 La Palma Avenue, Anaheim, CA 92801
  • MLS#: OC24166762 ( Apartment )
  • Street Address: 721 La Palma Avenue
  • Viewed: 3
  • Price: $4,795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1989
  • Bldg sqft: 0
  • Days On Market: 96
  • Additional Information
  • County: ORANGE
  • City: Anaheim
  • Zipcode: 92801
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    721 West La Palma Avenue is a 12 unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting exclusively of two bedroom units, of which eight are townhome floorplans. Residents enjoy amenities such as private balconies, in unit laundry, and ample parking in a gated parking garage. Additionally, current ownership has invested significant capital into interior and exterior improvements at 721 West La Palma Avenue including fresh paint, an automatic fire sprinkler system in the parking garage, and upgrades to air conditioning units, stairs, railings, and balconies. 721 West La Palma Avenues optimal North Orange County Location, situated between Downtown Anaheim and Downtown Fullerton, provides easy access to a plethora of unique shops, restaurants, and attractions. Additionally, the property places residents in close proximity to the regions top employers including the Anaheim Regional Medical Center, just over 0.25 miles from the property, as well as Disneyland, the Anaheim Convention Center, and California State University, Fullerton, which are all within a 3 mile radius of the property. Furthermore, the property provides residents with convenient access to State Routes 57 and 91, Interstate 5, and multiple train and transit stations, connecting residents to employment hubs throughout Southern California. Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well located apartments will be a key driver in the continued growth at 721 West La Palma Avenue.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 12092.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Days On Market
  1. 76
Electric Expense
  1. 1824.00
Entry Location
  1. First level
Fuel Expense
  1. 1824.00
Garage Spaces
  1. 30.00
Insurance Expense
  1. 6000.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Lot Features
  1. Level with Street
Netoperatingincome
  1. 212335.00
Newtaxesexpense
  1. 52704.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Otherexpense
  1. 11440.00
Otherexpensedescription
  1. Misc
Otherincome1
  1. 4663.00
Otherincomedescription
  1. Misc
Parcel Number
  1. 27109109
Pool Features
  1. None
Postalcodeplus4
  1. 2360
Professionalmanagementexpense
  1. 12429.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 420916518:CRM
Totalexpenses
  1. 98379.00
Trash Expense
  1. 1824.00
Vacancyallowance
  1. 9465
Water Sewer Expense
  1. 1824.00
Water Source
  1. Public
Year Built
  1. 1989
Year Built Source
  1. Assessor