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Additional details
$ 3,550,000
Est. payment /mo
Active
625 W Provential Drive Anaheim, CA 92805
4 Beds
3 Baths
0.42 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26098490
Bedrooms 4
Lot Size 0.420 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
The West Provential Apartments present a rare opportunity to acquire a well-maintained 8-unit multifamily asset in the heart of Anaheim, California. Comprised of two side-by-side four-unit buildings constructed in 1961, the property features a highly desirable unit mix of two spacious 2-bedroom/1-bath units and six 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 two 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 propertys 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 Anaheims continued economic expansion and strong multifamily demand drivers.
Location
State CA
County Orange
Zoning Assessor
Direction 5 Northbound, exit on S Harbor to Vermont then to W Provential
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 03618309
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Jason Kirklen, DRE#01939655 Kirklen Investment Group
NEARBY SCHOOL & BUSINESS
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