3147 W Lanerose Drive, Anaheim , CA  92804 for $2,050,000 


 

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3147 W Lanerose DriveAnaheim, California CA92804-4834

Listing IDOC20192151

5,290 SqFt 0.376 Acres

$2,050,000

The Lanerose Drive Apartments is a six-unit apartment building located in the highly desirable City of Anaheim within the greater Orange County area. The subject property is located in a quiet residential community of predominantly single-family homes and provides easy access to freeways, retail, schools, entertainment, and employment. Built in 1970, the property offers an attractive unit mix solely comprised of two-bedroom/ two-bathroom units totaling 5,290 square feet, situated over a large 16,393 square foot lot. The subject property has gone through recent renovations of the interiors and exterior. Tenant amenities include ample on-site parking including enclosed garages, on-site laundry facility, patios, balconies, and a large private garden common area in rear of property. This offering represents a rare opportunity for an investor to achieve a 4.5% CAP Rate / 6.8% total return on a stable and well-located investment property in the solid rental market of West Anaheim, California.
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