Pleased to announce the sale of Montrose Villa Apartments, a 20-unit multifamily community in Anaheim, California. The property is in a strong rental market of Anaheim, near the intersection of Acacia Avenue and Orangethorpe Avenue. Built in 1969, Montrose Villa consists of one two-story building on a 23,522-square foot lot with copper plumbing throughout the property. The unit mix consists of seventeen (17) one-bedroom units and three (3) two-bedroom units. Four of the 20 units have been rehabbed with new plank flooring, new cabinets & countertops, new bathroom vanities, ceiling fans and new tubs & showers. A buyer can increase the income by approximately 20% by continuing the renovation plan currently in place. This opportunity presents an investor to acquire a value-add asset in a desirable submarket of Anaheim. Montrose Villa benefits from proximity to both the 91 & 57 freeways, Cal State Fullerton, Angel Stadium, Honda Center and Brea Mall
Listing courtesy of Daniel Blackwell from CB Richard Ellis, Inc.
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