Anaheim Multifamily Investment
For Sale
$3,800,000
2109 & 2113 East Westport Drive, Anaheim, CA 92806
14-unit apartment complex with income growth potential in Anaheim.
Property Size8,800 SF
Price / SF$431.82
Days on Market202
Property Features for 2109 & 2113 East Westport Drive
General Information
Standard status
Active
Size
8,800 SF
Property subtype
Multifamily
Amenities
Offered at a 5.26% CAP rate on current rents with the potential to achieve a 6.73% CAP rate on market rents, providing meaningful income growth through continued rent optimization.
The property consists of 12 one-bed/one-bath units and 2 two-bed/one-bath units, a highly sought-after mix that appeals to Anaheim's strong renter base while supporting consistent occupancy.
Residents benefit from 14 on-site garage spaces, a notable amenity for a property of this vintage that enhances tenant retention and long-term rental demand.
RUBS is in place to recapture utility costs, complemented by two on-site laundry facilities that benefit residents while generating additional income.
Adjacent to Anaheim Town Square, a major retail center anchored by Target and Northgate Market, providing residents immediate access to daily shopping, dining, and services.
Convenient access to State Route 57 and State Route 91, linking residents to major employment centers and destinations throughout Orange, Los Angeles, and Riverside Counties.
Located approximately 2 miles north of OC Vibe, Anaheim's emerging 100-acre entertainment and urban district poised to further elevate the surrounding area.
Situated within a 4-mile radius of the Platinum Triangle, Downtown Anaheim, Disneyland, Downtown Fullerton, California State University, Fullerton, Chapman University, and Old Towne Orange.
Building Details
Building Size
8,800 SF
Units
14
Listing Agency:
Marcus & Millichap RE Invest
Listed By:
Tyler Leeson · License #License(s): CA: 01451551
(714) 713-9086
Source:
Marcusmillichap
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 14 at 7:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap RE Invest
Investment Insights
Based on property information with market context.
The Westporter Apartment Homes is a 14-unit multifamily property located at 2109 & 2113 East Westport Drive in Anaheim. Constructed in 1959, the property consists of two adjacent parcels sharing a central courtyard. The unit mix includes 12 one-bed/one-bath units and 2 two-bed/one-bath units. There are 14 garage spaces, security entry doors, and two on-site laundry facilities, one in each building. The property is offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents. Current ownership has implemented RUBS, allowing for the recovery of utility expenses. The Westporter Apartment Homes offers immediate yield and long-term upside in Orange County’s rental market. The property size is 8800 square feet.
Key Highlights
- Strong Income Potential: Offered at a 5.26% CAP rate with the potential to reach 6.73% through rent optimization.
- Desirable Unit Mix: Features twelve 1‑bed/1‑bath units and two 2‑bed/1‑bath units.
- RUBS Implementation: Current ownership has implemented RUBS for utility expense recovery, improving operational efficiency.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,065
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,300
$2.8M
Cap Rate 7%
$2,015,214
$2.0M
Cap Rate 9%
$1,567,389
$1.6M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$267.2K $30.36/SF
− Vacancy
−$10.7K −$1.21/SF
EGI
$256.5K $29.15/SF
− OpEx
−$115.4K −$13.12/SF
NOI
$141.1K $16.03/SF
Area
ZIP 92806
Vacancy
4.00%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,300
Cap Rate 7%
$2,015,214
Cap Rate 9%
$1,567,389
Alternative Uses
Best Use
Apartment 5plus
$2.02M
$1.76M – $2.35M
NOI $141,065 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,430 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 92806, CA
40,649
Population
13,144
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,112
Median Household Income
$44,212
Median Earnings
$2,234
Median Rent
$791,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 14-unit apartment complex with income growth potential in Anaheim.
Where is this apartment building located?
The property is located at 2109 & 2113 East Westport Drive Anaheim, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Strong Income Potential: Offered at a 5.26% CAP rate with the potential to reach 6.73% through rent optimization.; Desirable Unit Mix: Features twelve 1‑bed/1‑bath units and two 2‑bed/1‑bath units.; RUBS Implementation: Current ownership has implemented RUBS for utility expense recovery, improving operational efficiency.
