The Palms Apartments | 1724-1736 W Ball Rd
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The Palms Apartments 1724-1736 W Ball Rd
40 Unit Apartment Building $11,000,000 ($275,000/Unit) 4.62% Cap Rate Anaheim, CA 92804
Investment Highlights
- (1) Parcel with (4) Buildings
- Recent Capital Improvements - New Exterior Paint & Electrical Subpanels Replaced in 2022
- Well-Located Asset (Walk Score: 79) - Located on the Major Thoroughfare of W. Ball Road & S. Euclid Street
- In-Place RUBS
- Secured Gated Entry, Security Cameras Throughout, On-Site Laundry Room, Gated Swimming Pool & (2) Large Community Courtyards
Executive Summary
The Palms Apartments is a 40-unit multifamily opportunity located in Anaheim. The unique property is situated on one parcel with (4) ten-unit buildings on over an acre of land. Recent capital improvements include paint and all electrical subpanels replaced in 2022. The community includes (2) large courtyards, on-site laundry room, gated swimming pool and ample parking including (40) carport spaces & (1) two-car garage.
Property Facts
| Price | $11,000,000 | Apartment Style | Garden |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 4.62% | Building Size | 23,767 SF |
| Gross Rent Multiplier | 12.8 | No. Stories | 2 |
| No. Units | 40 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.73/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Euclid |
| Price | $11,000,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 12.8 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 23,767 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.73/1,000 SF |
| Cross Streets | Euclid |
Site Amenities
- Laundry Facilities
- Pool
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | $1,725 | 594 |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 128-372-32 | Improvements Assessment | $1,821,641 |
| Land Assessment | $6,693,113 | Total Assessment | $8,514,754 |
PROPERTY TAXES
Parcel Number
128-372-32
Land Assessment
$6,693,113
Improvements Assessment
$1,821,641
Total Assessment
$8,514,754
zoning
| Zoning Code | RM-4 (Multiple-Family Residential) |
| RM-4 (Multiple-Family Residential) |
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The Palms Apartments | 1724-1736 W Ball Rd
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