2119 E Westport Dr
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2119 E Westport Dr
7 Unit Apartment Building $2,936,563 CAD ($419,509 CAD/Unit) 4.62% Cap Rate Anaheim, CA 92806
Investment Highlights
- Substantial Capital Improvements
- Within Walking Distance of Anaheim Town Square, Providing Residents with Convenient Access to Everyday Needs
- Just Over 1.50 Miles from the Abundance of Retail, Dining, & Entertainment Options at Downtown Anaheim
- Mix of One & Two-Bedroom Floor Plans | Features an On-Site Laundry Facility & Garage Parking
- Easy Access to All Three Levels of Education
- Just Over 2 Miles from Disneyland, Anaheim’s Premier Employer
Executive Summary
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 2119 East Westport Drive, a 7-unit multifamily investment property located in Anaheim, California.
The property offers a mix of one and two-bedroom floor plans, of which select units have recently undergone substantial renovations including vinyl and carpet flooring, kitchens, bathrooms, and more. Additionally, current ownership has invested significant capital into improvements including the installation of a new roof as well as dual-pane windows and upgraded air conditioning in all units. Residents enjoy amenities including an on-site laundry facility and ample garage parking.
2119 East Westport Drive has an attractive North Orange County location, situated just east of Downtown Anaheim. The property is located adjacent to Anaheim Town Square, anchored by Target and Northgate Market, providing residents with convenient access to everyday needs. Additionally, 2119 East Westport Drive is just over 2.25 miles from Disneyland, the premier employer within the city per Anaheim’s 2023 Annual Comprehensive Financial Report. Furthermore, the property is within 2.50 miles of the Platinum Triangle, home to Angel Stadium, Honda Center, and an intensive urban development plan creating high density mixed-use, office, restaurant, and residential projects. 2119 East Westport Drive benefits from its close proximity to State Routes 57 and 91, connecting residents to major employment hubs throughout Southern California.
The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.1 percent (Q2 2024) and average year-over-year effective rent growth of 3.5 percent for 2023, demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.
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 2119 East Westport Drive.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
The property offers a mix of one and two-bedroom floor plans, of which select units have recently undergone substantial renovations including vinyl and carpet flooring, kitchens, bathrooms, and more. Additionally, current ownership has invested significant capital into improvements including the installation of a new roof as well as dual-pane windows and upgraded air conditioning in all units. Residents enjoy amenities including an on-site laundry facility and ample garage parking.
2119 East Westport Drive has an attractive North Orange County location, situated just east of Downtown Anaheim. The property is located adjacent to Anaheim Town Square, anchored by Target and Northgate Market, providing residents with convenient access to everyday needs. Additionally, 2119 East Westport Drive is just over 2.25 miles from Disneyland, the premier employer within the city per Anaheim’s 2023 Annual Comprehensive Financial Report. Furthermore, the property is within 2.50 miles of the Platinum Triangle, home to Angel Stadium, Honda Center, and an intensive urban development plan creating high density mixed-use, office, restaurant, and residential projects. 2119 East Westport Drive benefits from its close proximity to State Routes 57 and 91, connecting residents to major employment hubs throughout Southern California.
The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.1 percent (Q2 2024) and average year-over-year effective rent growth of 3.5 percent for 2023, demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.
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 2119 East Westport Drive.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$201,937
|
$45.91
|
| Other Income |
$2,107
|
$0.48
|
| Vacancy Loss |
$6,058
|
$1.38
|
| Effective Gross Income |
$197,985
|
$45.01
|
| Taxes |
$32,237
|
$7.33
|
| Operating Expenses |
$30,390
|
$6.91
|
| Total Expenses |
$62,628
|
$14.24
|
| Net Operating Income |
$135,358
|
$30.77
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $201,937 |
| Annual Per SF | $45.91 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,107 |
| Annual Per SF | $0.48 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,058 |
| Annual Per SF | $1.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $197,985 |
| Annual Per SF | $45.01 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,237 |
| Annual Per SF | $7.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,390 |
| Annual Per SF | $6.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $62,628 |
| Annual Per SF | $14.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $135,358 |
| Annual Per SF | $30.77 |
Property Facts
| Price | $2,936,563 CAD | Apartment Style | Low Rise |
| Price Per Unit | $419,509 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.62% | Building Size | 4,399 SF |
| Gross Rent Multiplier | 14.37 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.59/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,936,563 CAD |
| Price Per Unit | $419,509 CAD |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 14.37 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,399 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.59/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
| 2+1 | 1 | - | 799 |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 083-441-07 | Total Assessment | $1,256,125 CAD (2023) |
| Land Assessment | $952,509 CAD (2023) | Annual Taxes | $32,237 CAD ($7.33 CAD/SF) |
| Improvements Assessment | $303,616 CAD (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
083-441-07
Land Assessment
$952,509 CAD (2023)
Improvements Assessment
$303,616 CAD (2023)
Total Assessment
$1,256,125 CAD (2023)
Annual Taxes
$32,237 CAD ($7.33 CAD/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | RM1200, Anaheim |
| RM1200, Anaheim |
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Tyler Leeson -
Christian Tait -
Matthew Kipp -
Marcus & Millichap
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2119 E Westport Dr
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