200 E Wakefield Ave 6 Unit Apartment Building $4,479,553 CAD ($746,592 CAD/Unit) 5.35% Cap Rate Anaheim, CA 92802

Prime Net Lease Inc. is pleased to offer 200 E. Wakefield Ave. in the desirable community of Anaheim. The subject property was completely renovated in 2021-2022 and is in excellent condition. 200 E. Wakefield Ave. offers very large units (1,550 SF Average), thus very low cost per SF. The new owner will enjoy a turnkey, low-maintenance asset with immediate cash flow. The property features a unique unit mix with units 3, 4, and 5 Bedroom units. There are individual enclosed single car garages for each unit at the rear of the building. Over 10% upside in rents exists through annual increases. The apartment building is conveniently located in Anaheim, California, offering easy access to a variety of amenities and attractions. Residents can enjoy proximity to shopping centers, restaurants, entertainment venues, and recreational facilities, ensuring a vibrant and fulfilling lifestyle. Disneyland Resort and the Anaheim Convention Center are both less than 5 minutes away. In 2022, the park had approximately 16.9 million visits, making it the second most visited amusement park in the world that year. The Convention Center hosts approximately 300 events each year, consisting of trade shows, conventions, corporate events, consumer shows, meetings, social functions and banquets.