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2119 E Westport Drive

Anaheim, CA 92806
  • $2,025,000
  • STATUS: Pending
  • ON SITE: 118 Days
  • ID#: OC24212954
Pending
UPDATED: 34 min ago
$2,025,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)


Description

2119 East Westport Drive is 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 Anaheims 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. Anaheims central location, strong economic growth, and unmatched local attractions have made it one of Southern Californias 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-10T10:26:22.51. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/156735439
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2119 E Westport Drive Anaheim, CA 92806

  • Price: $2,025,000
  • Status: Pending
  • On Site: 118 Days
  • Updated: 34 min ago
  • ID#: OC24212954
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1959
Built
Neighborhood:
Other
County:
Orange
Area:
78 - Anaheim East of Harbor
Property Description
2119 East Westport Drive is 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 Anaheims 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. Anaheims central location, strong economic growth, and unmatched local attractions have made it one of Southern Californias 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.
Exterior Features

Entry Level 1 Entry Location First level Lot Features Street Level Number Of Separate Electric Meters 7 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.62 Common Interest Community Apartment Community Features CurbsGutter(s)Sidewalks Electric Expense 1612 Fuel Expense 1612 Garage YN Yes Gross Income 145138 Gross Scheduled Income 148080 Insurance Expense 3922 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Maintenance Expense 4200 Net Operating Income 101245 New Construction YN No New Taxes Expense 22258 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 43893 Other Expense 7065 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1612 Vacancy Allowance 4442 Vacancy Allowance Rate 3 Water Sewer Expense 1612 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-10T10:26:22.51. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)