The West Fay Lane Apartments is a ten-unit apartment building located in the strong rental market of Anaheim, California within the Greater Orange County area. Built in 1962, the property offers an attractive unit mix comprised of (3) two-bedroom/ two bathroom units and (7) one-bedroom/ one-bathroom units totaling 7,936 square feet, situated over a large 16,800 square foot lot. Tenant amenities include ample on-site parking including enclosed garages. large courtyard, private patios, gated access, and an on-site laundry facility. This offering represents a rare opportunity for an investor to achieve a 4.75% CAP Rate / 7.48% total return with current rents on a stable investment property in the solid rental market of Anaheim, California.
Corner Lot, Cul-De-Sac, Landscaped, Near Public Transit
Based on information from California Regional Multiple Listing Service, Inc. as of October 25th, 2020 at 6:31am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Property Listed By: Greg Bassirpou(01365951) of Marcus & Millichap RE Invest