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Listing IDPW21059376
Sold For$1,830,000
Price/SqFt$369.10
StatusClosed
Sold Date5/28/2021
SqFt
4,958
Acres
0.209
CountyOrange
Year Built1960
Property TypeResidential Income
We are pleased to present 2209 E. Westport Drive, a pride of ownership 8-unit investment opportunity located in the in-demand rental market of Anaheim. Built in 1960, the subject property consists exclusively of one bedroom/one bathroom units. The property offers amenities including security doors, a shared courtyard, an onsite laundry facility and (4) double-car garages and (4) open parking spaces for a 1.5:1 parking ratio. The Westport Drive apartments offers exceptional curb appeal from its recent exterior renovation that included fresh exterior paint, new garage doors and majority new windows paired with attractive landscaping. Step inside and find that several of the interiors have been renovated with upgrades to kitchens, bathrooms and flooring which are highly desirable to current and future tenants. Tenants also enjoy the property's walking distance to a major retail center and close proximity to the trendy and urban Anaheim Packing District. Furthermore, the Westport Apartments is just over 3 miles to Disneyland, a major employer to the citizens of Anaheim and a favorite local attraction. Through continued modernization of remaining units and increased rents, this investment opportunity offers a strong long-term hold strategy with exceptional growth potential for any type of investor.
County
Orange
Price/SqFt
369.1
Property Type
Residential Income
Year Built
1960
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
Garage Spaces
8
Laundry
yes
Laundry Features
Community
Levels
Two
Stories Total
2
Lot Features
6-10 Units/Acre
Lot Size Area
9090
Lot Size Source
Assessor
Lot Size Square Feet
9090
Number Of Buildings
1
Parking Total
12
Pool Features
None
Private Pool
no
Property Attached
no
Sewer
Public Sewer
Uncovered Spaces
4
Water Source
Public
Country
US
Elevation Units
Feet
MLS Area Major
699 - Not Defined
Additional Parcels
no
Co List Agent State License
01942627
Co List Office State License
01220368
Community Features
Curbs, Sidewalks, Storm Drains, Street Lights
Days On Market
42
List Agent State License
01273871
List Office State License
01220368
Lot Size Units
Square Feet
New Construction
no
Number Of Separate Electric Meters
1
Number Of Separate Gas Meters
1
Number Of Separate Water Meters
1
Number Of Units Total
8
Parcel Number
08344113
Senior Community
no
Year Built Source
Assessor
Cap Rate
3.4
Gardener Expense
1200
Gross Multiplier
17.55
Gross Operating Income
105028
Gross Scheduled Income
108276
Insurance Expense
1983
Land Lease
no
Laundry Income
876
Maintenance Expense
5251
Maintenance Percent
5
Net Operating Income
65425
New Taxes Expense
21469
Operating Expense
39603
Operating Expense Percent
36.6
Other Expense
7254
Other Expense Description
Utility
Rent Control
yes
Special Listing Conditions
Standard
Tax Census Tract
863.04
Tax Lot
13
Tax Tract Number
1782
Total Expenses
39603
Vacancy Allowance
3248
Vacancy Allowance Rate
3
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to First Team Real Estate or one of their associates. Last updated Thursday, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 04:48:34 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Thursday, March 28th, 2024 04:48:34 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Contact - Listing ID PW21059376
Mahesh Patel
8028 Santa Ana Canyon Road
Anaheim Hills, CA 92808
Phone: 7144708600
Data services provided by IDX Broker