Listing ID: OC23025052
Price: $7,300,000
Price/SqFt: $379.77
Status: Active
Address: 927 S Webster Avenue
City: Anaheim
State: California
Postal Code: 92804
SqFt: 19,222
Acres: 0.870
County: Orange
Anaheim
CA
92804
French Quarter Apartments is a 16-unit multifamily investment opportunity located in Anaheim, California. The 19,222-square foot property features a highly desirable mix of 2, one-bedroom units and 14, two-bedroom units, with an average unit size of 1,200 square feet. Additionally, the property offers a variety of floor plans including both single-story and townhome construction as well as yard and den options. Built in 1968, the property offers amenities including private patios (select units), on-site laundry, gated access, and carport parking (townhome units offer direct access). French Quarter Apartments benefits from its West Anaheim location, situated within close proximity to residents' every day needs including retail centers, schools, parks, and more. The property is situated in an optimal location for families as the property is within walking distance of all three levels of schooling. Additionally, the property’s West Anaheim location puts it within a stone’s throw of major employers and entertainment destinations including Knott’s Berry Farm, Buena Park Downtown, and Disneyland.

Primary Features

County: Orange
Price/SqFt: 379.77
Property Sub Type: Apartment
Property Type: Residential Income
Year Built: 1968
Zoning: R3

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: No Common Walls
Laundry: yes
Laundry Features: Community
Levels: Two
Stories Total: 2

External

Carport Spaces: 20
Lot Features: Landscaped, Level with Street
Lot Size Area: 0.87
Lot Size Source: Assessor
Lot Size Square Feet: 37897.2
Number Of Buildings: 8
Parking Total: 20
Pool Features: None
Private Pool: no
Property Attached: no
Sewer: Public Sewer
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 699 - Not Defined

Additional

Additional Parcels: no
Assessments: Special Assessments
Community Features: Curbs, Sidewalks
List Agent State License: 01451551
List Office State License: 00530854
Lot Size Units: Acres
New Construction: no
Number Of Separate Electric Meters: 16
Number Of Separate Gas Meters: 16
Number Of Units Leased: 16
Number Of Units Total: 16
Parcel Number: 12730208
Senior Community: no
Year Built Source: Assessor

Financial

Electric Expense: 4271
Fuel Expense: 4271
Gross Operating Income: 474720
Gross Scheduled Income: 483216
Insurance Expense: 6526
Land Lease: no
Maintenance Expense: 8000
Net Operating Income: 321300
New Taxes Expense: 79408
Operating Expense: 153420
Other Expense: 23411
Other Expense Description: Misc
Other Income 1: 6000
Other Income Description: Miscellaneous
Price Per Unit: 456250
Professional Management Expense: 18989
Rent Control: yes
Special Listing Conditions: Standard
Tax Block: A
Tax Census Tract: 870.02
Tax Lot: 18
Tax Tract Number: 787
Total Actual Rent: 40268
Total Expenses: 153420
Trash Expense: 4271
Vacancy Allowance: 14496
Water Sewer Expense: 4273

Zoning Info


Area Info


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Listed by: Tyler Leeson, DRE #01451551 from Marcus & Millichap RE Invest

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