Anaheim, CA 92805 1280 E La Palma Avenue
$3,600,000
Pending



9 more









Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
Home Details
1280 East La Palma Avenue is a 9-unit multifamily property in Anaheim, California. Built in 1986, the property offers a more modern vintage than much of the surrounding apartment inventory and features a highly desirable unit mix entirely composed of 2-story townhome-style residences. The property includes five 2 bed/1.5 bath townhomes and four 3 bed/2 bath townhomes, providing larger floorplans that cater well to households seeking additional living space. Each unit benefits from both a private, fenced ground-level patio and a spacious upper-level balcony, creating a level of dedicated outdoor space that is uncommon in smaller multifamily assets. Central air and heat as well as individual water heaters further strengthen the unit-level amenity package. 1280 East La Palma Avenue also benefits from an exceptionally generous parking supply, with 9 carport spaces and 13 surface spaces for just 9 units. Additional community features include gated pedestrian access and on-site laundry, while the completion of the SB 721 inspection provides clarity around an important California compliance item. With rents currently positioned near market while still offering a measured level of upside, the property presents an attractive opportunity to acquire a later-vintage Anaheim apartment asset with a differentiated unit mix, strong resident-oriented amenities, and continued potential for income growth over time.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
Interior Features for 1280 E La Palma Avenue
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 1280 E La Palma Avenue
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.08
Carport Spaces9
Carport Y/NYes
CityAnaheim
Community FeaturesCurbs, Gutter(s), Street Lights, Sidewalks
CountyOrange
DirectionsCross Streets of East La Palma Avenue & North East Street
Electric Expense1229
Entry LocationFirst level
Fuel Expense1229
Garage Spaces
Garage Y/NNo
Gross Income266446
HOANo
HOA Fee$
Insurance Expense7301
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet20037.6
Lot Size UnitsAcres
MLS Area78 - Anaheim East of Harbor
MaintenanceExpense9000
Net Operating Income182930
New ConstructionNo
Number Of Units Total9
Open Parking Spaces13
Operating Expense75587
Pool FeaturesNone
PostalCityANAHEIM
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories Count2
Subdivision NameOther
Tax Lot1
Taxes$40,907
Trash Expense1229
Water Sewer Expense1229
Year Built1986
Year Built SourceAssessor
Exterior for 1280 E La Palma Avenue
Building Area Total8004
Lot FeaturesStreet Level
Lot Size Acres0.46
Lot Size Area0.46
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Private PoolNo
Total Parking22
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 8,004