938 S Gilbuck Dr Anaheim, CA 92802

This exceptional 5-unit apartment building, located at 938 S Gilbuck Dr, Anaheim, CA 92802, presents a compelling investment opportunity. The property, built in 1960, boasts a total of 2,932 square feet situated on an 8,196 square foot lot. Priced at $1,695,000, this represents a price per unit of $339,000 and a price per square foot of $578.10. The property features a desirable unit mix, with 80% one-bedroom and 20% two-bedroom units, all benefiting from individual utility metering and carport parking. The building's single-story construction simplifies maintenance. The strong Anaheim rental market, characterized by high occupancy and rental growth, contributes to a healthy Net Operating Income (NOI) of $72,104, resulting in a 4.25% capitalization rate. Its prime location offers convenient access to freeways, connecting residents to the greater Southern California area and numerous employment opportunities. Nearby amenities include parks, entertainment venues like Disneyland, shopping centers, and educational institutions, making this a highly desirable location for tenants. This property is classified as a Class C multifamily investment.