2119 E Westport DR, Anaheim, CA 92806 - MLS#OC24212954

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Katrina Smith

katrina.smith@pinpointproperties.com +1(949) 209-9004

$2,088,000

Est. payment - /mo

8,712 Sqft Lot

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UPDATED:

12/05/2024 04:37 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24212954

HOA Y/N No

Year Built 1959

Lot Size 8,712 Sqft

Property Description

2119 East Westport Drive is a 7-unit multifamily investment property located in Anaheim, California. The property offers a mix of one and two-bedroom floor plans, of which select units have recently undergone substantial renovations including vinyl and carpet flooring, kitchens, bathrooms, and more. Additionally, current ownership has invested significant capital into improvements including the installation of a new roof as well as dual-pane windows and upgraded air conditioning in all units. Residents enjoy amenities including an on-site laundry facility and ample garage parking. 2119 East Westport Drive has an attractive North Orange County location, situated just east of Downtown Anaheim. The property is located adjacent to Anaheim Town Square, anchored by Target and Northgate Market, providing residents with convenient access to everyday needs. Additionally, 2119 East Westport Drive is just over 2.25 miles from Disneyland, the premier employer within the city per Anaheim’s 2023 Annual Comprehensive Financial Report. Furthermore, the property is within 2.50 miles of the Platinum Triangle, home to Angel Stadium, Honda Center, and an intensive urban development plan creating high density mixed-use, office, restaurant, and residential projects. 2119 East Westport Drive benefits from its close proximity to State Routes 57 and 91, connecting residents to major employment hubs throughout Southern California. The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.1 percent (Q2 2024) and average year-over-year effective rent growth of 3.5 percent for 2023, demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 2119 East Westport Drive.

Location

State CA

County Orange

Area 78 - Anaheim East Of Harbor

Zoning R3

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 08344107

Energy Description 1612.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Lease Land No

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Listed by Tyler Leeson • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697