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$ 4,850,000

Est. payment -/mo

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721 W La Palma AVE Anaheim, CA 92801

12,092 SqFt

UPDATED:

09/30/2024 05:39 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 12,092 sqft

Price per Sqft $401

MLS Listing ID OC24166762

HOA Y/N No

Year Built 1989

Lot Size 0.300 Acres

Acres 0.3

Property Description

721 West La Palma Avenue is a 12-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting exclusively of two-bedroom units, of which eight are townhome floorplans. Residents enjoy amenities such as private balconies, in-unit laundry, and ample parking in a gated parking garage. Additionally, current ownership has invested significant capital into interior and exterior improvements at 721 West La Palma Avenue including fresh paint, an automatic fire sprinkler system in the parking garage, and upgrades to air conditioning units, stairs, railings, and balconies. 721 West La Palma Avenue’s optimal North Orange County Location, situated between Downtown Anaheim and Downtown Fullerton, provides easy access to a plethora of unique shops, restaurants, and attractions. Additionally, the property places residents in close proximity to the regions top employers including the Anaheim Regional Medical Center, just over 0.25 miles from the property, as well as Disneyland, the Anaheim Convention Center, and California State University, Fullerton, which are all within a 3 mile radius of the property. Furthermore, the property provides residents with convenient access to State Routes 57 and 91, Interstate 5, and multiple train and transit stations, connecting residents to employment hubs throughout Southern California. 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 721 West La Palma Avenue.

Location

State CA

County Orange

Area 699 - Not Defined

Rooms

Ensuite Laundry Washer Hookup, Gas Dryer Hookup

Interior

Laundry Location Washer Hookup,Gas Dryer Hookup

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 30.0

Garage Description 30.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 30

Private Pool No

Building

Lot Description Street Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 27109109

Energy Description 1824.0

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

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

Special Listing Condition Standard

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

Align Real Estate .

License ID: DRE #01961048

+1(760) 512-3374

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721 W La Palma AVE Anaheim, CA 92801

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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721 W La Palma AVE