200 Wakefield Ave Anaheim, CA 92802
- Commercial real estate
- 9,268 SF
- 0.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 200 Wakefield Ave
- Year built
- 1964
- Lot size
- 0.20 lot acres
- Property size
- 9,268 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anaheim
- County
- Orange
- State
- California
- Longitude
- -117.90412629006
- Latitude
- 33.799294804673
