3147 W Lanerose Drive, Anaheim, CA 92804
Property · 2 recorded sales since 2019
Sold April 2021
Listing Agent: Greg Bassirpou (DRE #01365951) · Listing Office: Marcus & Millichap RE Invest · Contact: 949-419-3200 · Bought with: Carole Lee · New Star Realty & Investment · MLS #OC20192151 · Source: CRMLS
About this property
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 4.52% CAP Rate / 6.83% total return on a stable and well-located investment property in the solid rental market of West Anaheim, California.
Listing description from the April 2021 sale, as reported to CRMLS.
Sale history
