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.
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.
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 |
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Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 128-326-06 | Improvements Assessment | $969,086 |
| Land Assessment | $1,410,112 | Total Assessment | $2,379,198 |
