Palais Villa | 219 W Palais Rd
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Palais Villa 219 W Palais Rd
28 Unit Apartment Building $7,850,000 ($280,357/Unit) 5.96% Cap Rate Anaheim, CA 92805
INVESTMENT HIGHLIGHTS
- Stabilized Asset with Current Rents at Market
- New Dual Pane Vinyl Windows
- Ten (10) Electric Vehicle Charging Stations
- Thirty (30) Covered and Fourteen (14) Open Spaces
- Pitched Roof
- On-Site Laundry Facilities
EXECUTIVE SUMMARY
Kirklen Investment Group proudly introduces a prime investment opportunity at 219 West Palais
Road, Anaheim, CA, 92805. This multifamily gem boasts a 14,885 SF building with 28 units,
offering a stable asset with current rents at market value. Built in 1960, the property features
new dual pane vinyl windows, a pitched roof, and a favorable location within the thriving
Anaheim rental market. With 30 covered and 14 open parking spaces, this well-maintained
property provides convenience and comfort for residents. In addition, 10 of the carport spaces
have been upgraded with electric vehicle charging stations built in. Don't miss the chance to
invest in this promising garden-style multifamily property with immense potential.
Road, Anaheim, CA, 92805. This multifamily gem boasts a 14,885 SF building with 28 units,
offering a stable asset with current rents at market value. Built in 1960, the property features
new dual pane vinyl windows, a pitched roof, and a favorable location within the thriving
Anaheim rental market. With 30 covered and 14 open parking spaces, this well-maintained
property provides convenience and comfort for residents. In addition, 10 of the carport spaces
have been upgraded with electric vehicle charging stations built in. Don't miss the chance to
invest in this promising garden-style multifamily property with immense potential.
PROPERTY FACTS
| Price | $7,850,000 | Apartment Style | Low Rise |
| Price Per Unit | $280,357 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 5.96% | Building Size | 14,885 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.67 | No. Stories | 2 |
| No. Units | 28 | Year Built/Renovated | 1960/2009 |
| Property Type | Multifamily | Parking Ratio | 2.96/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $7,850,000 |
| Price Per Unit | $280,357 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10.67 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 14,885 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2009 |
| Parking Ratio | 2.96/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Day Care
- Laundry Facilities
- Car Charging Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 550 |
| 1+1 | 10 | - | 650 |
| 2+1 | 8 | - | 750 |
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Transit Score®
Rider's Paradise (100)
ZONING
| Zoning Code | RM1200, Anaheim |
| RM1200, Anaheim |
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Palais Villa | 219 W Palais Rd
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