2228 E Westport Dr 12 Unit Apartment Building $5,252,930 CAD ($437,744 CAD/Unit) 5.03% Cap Rate Anaheim, CA 92806

2228 E. Westport Drive is a well-maintained 12-unit multifamily property located in the desirable Southeast Anaheim submarket. Built in 1960, the property consists of a single-story building totaling approximately 7,620 square feet on a 21,945 square foot lot, offering an attractive, low-density layout with strong tenant appeal. The unit mix includes eleven one-bedroom units and one two-bedroom, one-bath unit, catering to consistent rental demand in the area. The property benefits from separately metered gas and electric, six double-car garages, and on-site laundry, providing operational efficiency and additional income potential.
The asset offers a stable income profile with in-place rents near market levels, minimizing risk while still presenting upside through RUBS implementation and garage income. Its 100% single-story construction enhances tenant desirability and reduces turnover, while the property’s location near Anaheim Town Square, major employment centers, and key attractions such as Disneyland, Angel Stadium, and the Honda Center supports long-term rental demand. With its strong unit mix, efficient operations, and prime location within Orange County, 2228 E. Westport Drive represents a compelling opportunity to acquire a stabilized asset with future income growth potential.