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227 S Canoga Place, Anaheim, CA 92804

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227 S Canoga Place
Anaheim, CA 92804

For Sale: $5,450,000

Property Type: Commercial Apartments
MLS#: OC18284818

  • Building Size: 16694 SF
  • Lot Size: 31950 SF
  • Number of Units: 22
  • Number of Stories: 2
  • Year Built: 1963
  • Days on market: 10
  • Net Operating Income: $242,816
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Greg Bassirpou, Marcus & Millichap RE Invest


Property Description

The Cypress Meadows Apartment Homes is a well maintained 22-unit apartment community located in the strong rental market of Anaheim, California within the Greater Orange County area. Situated on a 31,950 square foot lot the property consists of (20) very large one bedroom/ one bathroom units and (2) two bedroom/ two bathroom units totaling approximately 16,694 square feet. All units are separately metered for gas and electricity. Tenants enjoy amenities such as: ample on-site parking (including 29 enclosed garages and spaces), on-site, building owned laundry facility, community pool, BBQ/picnic area, gated/secured apartment community and yards/patios. Residents also enjoy easy access to freeways, major retail, job centers and schools. This offering presents an opportunity for an investor to acquire a very well-maintained stable asset in the desirable rental market of Anaheim. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate. Given the strength of the apartment fundamentals in this submarket, the subject property is well positioned to capture this market’s continued growth.


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227 S Canoga Place, Anaheim, CA 92804

Based on information from California Regional Multiple Listing Service, Inc. as of December 3, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Greg Bassirpou, Marcus & Millichap RE Invest

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