Property Detail

Description

324 E. Leatrice Lane is a well-maintained, pride-of-ownership multifamily property located just minutes from Disneyland Park in Anaheim. The property features spacious 2, 3, and 4-bedroom units averaging more than 1,125 square feet, providing an attractive unit mix for a wide range of tenants. Property amenities include updated flooring, kitchens and bathrooms, private patios and balconies, in-unit and on-site laundry facilities, and garage and tandem parking. Recent capital improvements include interior renovations, SB 721 compliance, partial roof replacement, new landscaping and rain gutters, new electrical subpanels and new garage doors, helping minimize near-term capital expenditures. Offered at a 5.9% CAP Rate and 12.35 GRM on current income, this is a high-yield asset in a desirable location.