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 markets continued growth. Listed by Greg Bassirpou, Marcus & Millichap Re Invest.