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    200 Wakefield Ave Anaheim, CA 92802

    Sponsored
    For Sale
    $3,495,000

    Six-Unit, Fully Renovated Complex

    Property size:
    9,268 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional six-unit apartment building in Anaheim, CA presents a compelling investment opportunity. Boasting a prime location near Disneyland Resort and the Anaheim Convention Center, this property benefits from the area's robust tourism economy and high demand for rental housing. The building underwent extensive renovations in 2021-2022, including a new roof, double-pane windows, exterior paint, updated copper plumbing, and modern AC units. All six units feature spacious, updated interiors with 3 to 5 bedrooms each, averaging 1,550 square feet. High-quality finishes include granite countertops, stainless steel appliances, and in-unit washers and dryers. Each unit also includes a private enclosed garage. The property sits on a 0.2-acre lot and totals 9,268 square feet with 9,298 square feet of net rentable space. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $174,870, representing a 5% capitalization rate. The asking price is $3,495,000, or $582,500 per unit, and $377.10 per square foot. This turnkey property offers immediate cash flow and significant potential for long-term growth in a high-demand rental market. The building is a two-story structure built in 1964, offering a blend of classic charm and modern updates. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an ideal investment for discerning buyers seeking a stable and profitable asset.

    Property Features for 200 Wakefield Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,268 SF
    Class
    B
    Lot Size
    8,712 SF

    Building Details

    Year Built/Renovated
    1964/2022
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Prime Anaheim location near Disneyland Resort and Anaheim Convention Center.
    • Extensive 2021‑2022 renovations including roof, windows, exterior, plumbing, and AC units.
    • Six spacious units with 3‑5 bedrooms each, featuring updated interiors.
    • High‑end kitchens and baths with granite countertops, stainless steel appliances, and in‑unit laundry.
    • Each unit includes a private enclosed garage.
    • 5% cap rate, 100% occupancy, and significant rent growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anaheim
    County
    Orange
    State
    California
    Longitude
    -117.90412629006
    Latitude
    33.799294804673

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    FAQs

    What type of property is this?
    Multifamily property - Six-Unit, Fully Renovated Complex
    Where is this multifamily property located?
    The property is located at 200 Wakefield Ave Anaheim, CA.
    What is the asking price?
    The asking price for this property is $3,495,000.
    What are key features of this property?
    This property features: Prime Anaheim location near Disneyland Resort and Anaheim Convention Center.; Extensive 2021-2022 renovations including roof, windows, exterior, plumbing, and AC units.; Six spacious units with 3-5 bedrooms each, featuring updated interiors.
    Request Owner's contact information
    200 Wakefield Ave Anaheim, CA 92802
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    Anaheim, CA 92802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Wakefield Ave Anaheim, CA 92802
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