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August 11, 2022
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SOUTHERN CALIFORNIA NEWS
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Anaheim Apartment Building Trades for $354/Unit

7/14/22

A newly renovated, 16-unit garden-style multifamily community in Anaheim sold for $5.67 mil, or $354.4k/unit. Located at 2070 S Mountainview Ave, the complex is situated on nearly half an acre and consists of a single two-story building with 14 two-bedroom / one-bath units and two one-bedroom /one-bath units.

Built in the 1960s, the property’s recent upgrades included new exterior paint, camera system, exterior wood, resurfaced decking, new asphalt parking, courtyard concrete, landscaping, and gazebo. Interiors have received all new paint and texture, kitchen and bathroom fixtures, interior lighting, bathroom vanities, and carpet and vinyl plank flooring.

The community has a gated front yard and entry, an on-site laundry room, and a spacious courtyard with the new gazebo and barbecue area is at the center of the property. The property is within a mile of Disneyland, California Adventure, Anaheim Convention Center, Angel Stadium, Honda Center, the ARTIC Train Station, and Interstate 5.

Mark Bridge with Cushman & Wakefield represented the buyer and the seller, both private individual investors. The deal closed at a 4.4% cap rate.




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