3216 Cabot DrAnaheim, CA 92804

Property Details for 3216 Cabot Dr

Year built

1964

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Anaheim investment opportunity presents a four-unit apartment building located at 3216 W. Cabot Drive, boasting a substantial 9,032 square foot lot. The property comprises two two-bedroom/two-bathroom units and two three-bedroom/two-bathroom units, each averaging over 1,146 square feet of living space. Currently fully occupied, generating a stable monthly income of $10,560, with potential for increased revenue through rent adjustments on two units. Built in 1964, this 4,587 square foot building offers a compelling 4.81% cap rate, exceeding market averages for similar properties in Anaheim. Pro forma projections indicate a 5.02% cap rate and a net operating income (NOI) of $95,059, showcasing significant upside potential. The current NOI stands at $91,059. This property presents a strong cash flow opportunity, further enhanced by the possibility of securing 30-year fixed residential financing. The attractive unit mix and high in-place yield make 3216 W. Cabot Drive an ideal addition to any investment portfolio. Located in Orange County, California, zip code 92804, this property offers a rare combination of strong income generation and significant growth potential.

Location Insight

City

Anaheim

County

Orange

State

California

Latitude

33.8304

Longitude

-118.003

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