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Listed by Ruben Khorsandi • Alliance Investment RE Group
$ 6,394,000
Est. payment | /mo
15,058 SqFt
$ 6,394,000
Est. payment | /mo
15,058 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 15,058 sqft
Price per Sqft $424
MLS Listing ID OC-26008353
Year Built 1969
Lot Size 0.540 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
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.
Location
State CA
County Orange
Area 78 - Anaheim East Of Harbor
Interior
Laundry Common Area
Exterior
Parking Features Garage, Assigned
Garage Spaces 20.0
Pool Community, In Ground
Community Features Curbs, Sidewalks, Street Lights
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer
Nearby Locations
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114