721 W La Palma Ave

721 W La Palma Ave, Anaheim, CA 92801

  • For Sale $4,795,000
  • Property Type Multi-Family
  • Property Size 12,092 SF
  • Units 12
  • Lot Size 0.3 Acre
  • Additional Rent Contact for pricing
  • Year Built 1989
  • Date Updated Oct 25, 2024
N/AThe Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 721 West La Palma Avenue, 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. 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 721 West La Palma Avenue.

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Highlights

  • Exclusively Spacious Two-Bedroom Floor Plans | Features Eight Two-Story Townhomes, Each with Two Balconies
  • First Time on the Market in 25+ Years | Rare 1989 Construction
  • Ample Parking: 30 Spaces in a Gated Parking Garage | Potential to Amenitize Spacious Common Area Patio | In-Unit Laundry Hookups
  • SB-721 Balcony Work & Approval Completed | Over $300,000 Recently Invested on Capital Improvements
  • Near Orange County’s Most Popular Destinations | Adjacent to Northgate Market Anchored Shopping Center
  • Close Proximity to Schools, Parks, Grocers, & Retailers

Contacts

broker

Christian Tait

The Leeson Group Marcus & Millichap

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable
  • Transit Score ®

    43/100 Some Transit
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Anaheim, CA
  • Neighborhood Northwest Anaheim
  • Zip Code 92801
  • Market Orange County

Points of Interest

  • Mickey's Toontown Depot

    2.32 miles

  • Fantasyland Station

    2.39 miles

  • The Hub

    2.49 miles

  • Tomorrowland Station

    2.52 miles

  • New Orleans Square Station

    2.54 miles

  • Main Street Station

    2.65 miles

  • Buena Vista Street Stop

    2.75 miles

  • Carthay Circle Stop

    2.81 miles

  • Hollywood East Stop

    2.82 miles

  • Sunset Boulevard Stop

    2.84 miles

  • World

    0.31 miles

  • Mobil

    0.78 miles

  • 76

    0.82 miles

  • Arco

    0.82 miles

  • Tesla

    0.92 miles

  • Volta

    0.99 miles

  • Costco Gasoline

    1.06 miles

  • ARCO

    1.31 miles

  • Chevron

    1.77 miles

  • ChargePoint

    1.87 miles

  • Student Parking

    1.21 miles

  • Staff Parking

    1.30 miles

  • Fullerton Transportation Center Parking Structure

    1.49 miles

  • Pomona Parking Structure

    1.56 miles

  • Downtown Fullerton Public Parking Structure

    1.72 miles

  • Fullerton College Staff Parkinglot

    1.77 miles

  • Staff Parking W

    1.81 miles

  • Fullerton College Student Parking Structure

    1.85 miles

  • Student & Staff Lot 10

    1.86 miles

  • Staff Parking E

    1.90 miles

  • Palm Motor Lodge

    0.27 miles

  • Studio 6

    0.40 miles

  • Holiday Inn Express

    0.52 miles

  • City Center Motel

    0.84 miles

  • Travelodge Fullerton Near Anaheim

    1.06 miles

  • Quality Inn & Suites Anaheim Maingate

    1.84 miles

  • Classic Motel

    1.94 miles

  • Super 8 Anaheim/Disneyland Drive

    1.96 miles

  • Ramada, Anaheim Maingate North

    1.96 miles

  • Anaheim Majestic Garden Hotel

    1.97 miles

  • Carl's Jr.

    0.35 miles

  • Mariscos To Go

    0.62 miles

  • Broken Yolk Cafe

    0.68 miles

  • The Juke Joint Bar & Grill

    0.70 miles

  • Taco Boy

    0.72 miles

  • Bag o' Crab

    0.72 miles

  • El Pollo Fino

    0.72 miles

  • Denny's

    0.73 miles

  • Burger King

    0.76 miles

  • McDonald's

    0.76 miles

  • Horace Mann Elementary School

    0.17 miles

  • UEI College - Anaheim

    0.38 miles

  • Patrick Henry Elementary School

    0.41 miles

  • Adelaide Price Elementary School

    0.72 miles

  • Woodcrest Elementary School

    0.74 miles

  • Bethesda Christian University

    0.85 miles

  • Anaheim High School

    0.86 miles

  • Saint Catherine's Military Academy

    0.91 miles

  • North Orange County Community College District - Anaheim Campus

    1.14 miles

  • Richman Elementary School

    1.16 miles

  • Star Bright Montessori

    0.80 miles

  • Eastside Pre-school

    1.75 miles

  • Fullerton College Child Development Program

    2.29 miles

  • Happy Hippo Preschool

    2.63 miles

  • KinderCare

    2.94 miles

  • Anaheim Kids Academy

    4.67 miles

  • Preschool Rooms

    5.11 miles

  • St. Paul's Preschool

    5.12 miles

  • The Leaning Spot

    5.14 miles

  • Our Saviours Childrens Center

    5.75 miles

Frequently Asked Questions

How much does 721 W La Palma Ave cost?

The space currently listed for sale at 721 W La Palma Ave asks for $4,795,000.

What is the total square footage of 721 W La Palma Ave?

721 W La Palma Ave totals 12,092 square feet.

When was this property built?

721 W La Palma Ave was built in 1989.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Christian Tait

The Leeson Group Marcus & Millichap