2135 W Ball Rd

10 Unit Apartment Building $3,200,000 ($320,000/Unit) 5.19% Cap Rate Anaheim, CA 92804

INVESTMENT HIGHLIGHTS

  • 5.2% Cap Rate on Current Rents
  • Large Lot - ADU Potential
  • 20% Rental Upside
  • Corner Lot - Ball Road Major Thoroughfare Exposure

EXECUTIVE SUMMARY

2135-2139 W Ball Road offers 10 units on a corner lot off of Anaheim's longest major thoroughfare. The building sits on a large lot with plenty of ADU development potential. The current Cap rate of 5.2% allows a buyer to operate with positive cashflow with a 45% down payment whilst still maintaining 20% rental upside.
The Ball Road Apartments offer a desirable unit mix of one and two-bedroom floor plans. The property offers amenities including garage parking, laundry facilities, security doors, and garden style layout. The property is centrally located in the heart of Orange County, situated 1.5 miles East of Disneyland and Downtown Disney. Residents are provided convenient access to Interstate 5, State Route 57, and Ball Road.

ATTACHMENTS

Ball 10 OM LN

PROPERTY FACTS

Price $3,200,000
Price Per Unit $320,000
Sale Type Investment
Cap Rate 5.19%
Gross Rent Multiplier 13.25
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.33 AC
Building Size 6,630 SF
Average Occupancy 100%
No. Stories 2
Year Built 1957
Parking Ratio 3.01/1,000 SF

UNIT AMENITIES

  • Ceiling Fans

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $1,781 686
2+1 6 $2,127 730
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (78)

PROPERTY TAXES

  • Listing ID: 34675013

  • Date on Market: 1/31/2025

  • Last Updated:

  • Address: 2135 W Ball Rd, Anaheim, CA 92804