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The Westporter Apartment Homes 2109 E Westport Dr 14 Unit Apartment Building $5,207,558 CAD ($371,968 CAD/Unit) 5.26% Cap Rate Anaheim, CA 92806
Investment Highlights
- Offered at a 5.26% CAP rate on current rents with the potential to achieve a 6.73% CAP rate on market rents.
- Residents benefit from 14 on-site garage spaces, a notable amenity for a property of this vintage.
- Adjacent to Anaheim Town Square, a major retail center anchored by Target and Northgate Market.
- The property consists of 12 one-bed/one-bath units and 2 two-bed/one-bath units.
- RUBS is in place to recapture utility costs, complemented by two on-site laundry facilities that benefit residents while generating additional income.
- Located approximately 2 miles north of OC Vibe, Anaheim’s emerging 100-acre entertainment and urban district poised to further elevate the area.
Executive Summary
The Westporter Apartment Homes is a well-located 14-unit multifamily investment situated on two adjacent parcels with a shared central courtyard at 2109 & 2113 East Westport Drive in Anaheim. Constructed in 1959, the property features a desirable unit mix of 12 one-bed/one-bath units and 2 two-bed/one-bath units, supported by 14 garage spaces, security entry doors, and two on-site laundry facilities (one per building).
The asset is being offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents, providing clear income growth through continued rent optimization. Current ownership has implemented RUBS, allowing for the recovery of utility expenses and improving operational efficiency. Combined with ancillary income from laundry, The Westporter Apartment Homes presents investors with a balanced opportunity offering both immediate yield and long-term upside in one of Orange County’s most active rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
The asset is being offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents, providing clear income growth through continued rent optimization. Current ownership has implemented RUBS, allowing for the recovery of utility expenses and improving operational efficiency. Combined with ancillary income from laundry, The Westporter Apartment Homes presents investors with a balanced opportunity offering both immediate yield and long-term upside in one of Orange County’s most active rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$415,610
|
$47.23
|
| Other Income |
$10,174
|
$1.16
|
| Vacancy Loss |
$12,468
|
$1.42
|
| Effective Gross Income |
$413,316
|
$46.97
|
| Taxes |
$59,173
|
$6.72
|
| Operating Expenses |
$80,247
|
$9.12
|
| Total Expenses |
$139,420
|
$15.84
|
| Net Operating Income |
$273,896
|
$31.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $415,610 |
| Annual Per SF | $47.23 |
| Other Income (CAD) | |
|---|---|
| Annual | $10,174 |
| Annual Per SF | $1.16 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,468 |
| Annual Per SF | $1.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $413,316 |
| Annual Per SF | $46.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $59,173 |
| Annual Per SF | $6.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $80,247 |
| Annual Per SF | $9.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $139,420 |
| Annual Per SF | $15.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $273,896 |
| Annual Per SF | $31.12 |
Property Facts Under Contract
| Price | $5,207,558 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $371,968 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 5.26% | Building Size | 8,800 SF |
| Gross Rent Multiplier | 12.23 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Zoning | RM1200 - Residential | ||
| Price | $5,207,558 CAD |
| Price Per Unit | $371,968 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 12.23 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 8,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | RM1200 - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Range
- Tub/Shower
- Dining Room
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 600 |
| 2+1 | 2 | - | 800 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $5,072,384 CAD | |
| Land Assessment | $4,469,326 CAD | Annual Taxes | $59,173 CAD ($6.72 CAD/SF) |
| Improvements Assessment | $603,058 CAD | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$4,469,326 CAD
Improvements Assessment
$603,058 CAD
Total Assessment
$5,072,384 CAD
Annual Taxes
$59,173 CAD ($6.72 CAD/SF)
Tax Year
2025 Payable 2025
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The Westporter Apartment Homes | 2109 E Westport Dr
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