$6,395,000
Welcome to Montrose Villa Apartment Homes, a 20 unit multifamily community located at 1521 East Canfield Lane, in the city of Anaheim, California. This two story gated asset benefits from a desirable unit mix of one and two bedroom floorplans, with the average spacious square footage at approximately 752 square feet. Most of the units have been rehabbed to some degree including new vinyl flooring, Quartz countertops with designer backsplashes, new vanities, and new appliances. There are also many new vinyl windows and each unit has a wall AC. All of the main electrical panels have also just been replaced to eliminate any issues with insurance carriers. The property is also individually metered for Gas and Electric along with tenants paying for the trash directly to the city of Anaheim keeping operating costs for an owner to a minimum. On-site amenities include garages for each unit, a sparkling pool and on-site laundry room. While actual in place rents are strong providing for great cash flow, there is still room to raise rents for increased cash flow! Security cameras throughout the property also provide peace of mind to tenants as a safe and secure environment to live in. Additionally, the property boasts an incredibly convenient location, appealing to both regional commuters and local university students. Less than a mile from Montrose Villa Apartments sits the entrances to both the 91 freeway and 57 freeway, with easy access to the Greater Los Angeles job markets. Within just three miles of the property are found California State University Fullerton (CSUF) and Fullerton College.
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Listed by Ruben Khorsandi with Alliance Investment RE Group (949) 250-0400
Property Type
Apartment
Status
Active
MLS Number
OC26008353
Year Built
1969
Lot Size
0.54 acres