Homes for sale - 721 W La Palma AVE, Anaheim, CA 92801

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 4,795,000

Est. payment -/mo

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Price Dropped by $55K

721 W La Palma AVE Anaheim, CA 92801

12,092 SqFt

UPDATED:

10/25/2024 09:06 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 12,092 sqft

Price per Sqft $396

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

Interior

Laundry Gas Dryer Hookup, Washer Hookup

Exterior

Garage Spaces 30.0

Pool None

Community Features Curbs, Gutters, Sidewalks

Private Pool No

Building

Lot Description Level with Street

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS 1031 Exchange,Cash,Cash To New Loan,Conventional

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

Listed by Marcus & Millichap RE Invest

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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