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The OC Apartment Homes 1251 N Placentia Ave 56 Unit Apartment Building $24,575,407 CAD ($438,847 CAD/Unit) 5.04% Cap Rate Anaheim, CA 92806
Investment Highlights
- Unit Mix Includes One- & Two-Bedroom Floorplans
- In-Place RUBS
- Well-Maintained Landscaping & Garden-Style Courtyard, Swimming Pool & Spa, BBQ Area, On-Site Laundry Facilities, Covered & Open Space Parking
- (3) Two-Story Buildings on 1.95 Acres
- ADU Potential
- Recent Capital Improvements
Executive Summary
Opportunity to acquire the OC Apartment Homes, a 56-unit multifamily community in Anaheim situated on 1.95 acres. The property features three two-story, garden-style buildings with a unit mix of one- and two-bedroom floorplans. Amenities include a landscaped courtyard, pool and spa, BBQ area, and on-site laundry. The asset operates with in-place RUBS and offers ADU potential for additional upside.
Recent improvements include electrical upgrades, roof work, and renovated interiors with quartz countertops, modern cabinetry, vinyl windows, and updated flooring. Units feature air conditioning, gas heating, and are pre-wired for cable. The property is strategically located near State College Blvd. and N. Placentia Ave., providing strong access to surrounding employment and retail corridors.
Recent improvements include electrical upgrades, roof work, and renovated interiors with quartz countertops, modern cabinetry, vinyl windows, and updated flooring. Units feature air conditioning, gas heating, and are pre-wired for cable. The property is strategically located near State College Blvd. and N. Placentia Ave., providing strong access to surrounding employment and retail corridors.
Property Facts Under Contract
| Price | $24,575,407 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $438,847 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.95 AC |
| Cap Rate | 5.04% | Building Size | 39,504 SF |
| Gross Rent Multiplier | 12.33 | Average Occupancy | 100% |
| No. Units | 56 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment |
| Price | $24,575,407 CAD |
| Price Per Unit | $438,847 CAD |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| Gross Rent Multiplier | 12.33 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 39,504 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Spa
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $2,700 CAD | 623 |
| 2+1 | 12 | $3,219 CAD | 820 |
| 2+2 | 8 | $3,376 CAD | 905 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 268-211-10 | Improvements Assessment | $3,854,889 CAD |
| Land Assessment | $19,274,458 CAD | Total Assessment | $23,129,348 CAD |
Property Taxes
Parcel Number
268-211-10
Land Assessment
$19,274,458 CAD
Improvements Assessment
$3,854,889 CAD
Total Assessment
$23,129,348 CAD
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The OC Apartment Homes | 1251 N Placentia Ave
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