$2,264,000
SOLD MAY 12, 2025
3 Beds
2 Baths
5,331 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$425 Per Sq Ft

12% Below List Price

27 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot

About This Home

As of May 2025

128 East Wakefield Avenue is a 7-unit multifamily investment property located in Anaheim, California. Built in 1961, 128 East Wakefield Avenue offers a desirable mix of one and two-bedroom floor plans. In 2024 current ownership invested significant capital into improvements to the property’s exterior and unit interiors. Exterior upgrades include fresh paint, newly installed fencing, and an updated mailbox, while the units received upgrades including fresh paint, vinyl flooring, quartz countertops, stainless steel appliances, and more. The property offers desirable amenities including a gated common area courtyard, an on-site laundry facility, security doors, and ample garage parking. 128 East Wakefield Avenue benefits from its optimal Anaheim location, situated within one mile of Disneyland and Downtown Disney. The property is located adjacent to part of the recently approved DisneylandForward project, a $1.9 billion plan to expand Disneyland’s footprint by adding new hotels, retail, and attractions to its existing 100-acre plus site. Additionally, 128 East Wakefield Avenue is located within one mile of the Anaheim GardenWalk, providing residents with convenient access to a plethora of retail, dining, and entertainment options. The property is situated adjacent to the Platinum Triangle, an ongoing urban, business, and entertainment development that’s home to Angel Stadium, The Honda Center, and The Grove of Anaheim. Furthermore, 128 East Wakefield Avenue provides residents with convenient access to Interstate 5, State Route 57, and the Anaheim Regional Transportation Intermodal Center (ARTIC), connecting residents to employment hubs throughout Orange and Los Angeles Counties. With high quality property and unit upgrades, 128 East Wakefield represents a unique opportunity to acquire a renovated property in the direct vicinity of Disneyland and other major Anaheim area destinations.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 01/14/2025

Last Buyer's Agent

Johnny Azodi

Coldwell Banker Platinum Prop License #01225024

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 8 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,331 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 3419
  • Assessor Parcel Number 13734204
  • $1,865 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Fuel Expense $1,500
  • Insurance Expense $7,747
  • Maintenance Expense $4,200
  • Other Expense $10,265
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $28,193
  • Operating Expense $56,405
  • Gross Income $203,500
  • Net Operating Income $141,101

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

8,712 Sq Ft Lot

Parking

8

Listing Details

  • CapRate: 5.50
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 13734204
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 424.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Electric Expense: 1500.00
  • Fuel Expense: 1500.00
  • Garage Income: 1200.00
  • Gross Income: 203500.00
  • Gross Multiplier: 12.60
  • Gross Operating Income: 193806.00
  • Gross Scheduled Income: 199800.00
  • Insurance Expense: 7747.00
  • Laundry Income: 2500.00
  • Lot Size Area: 0.2000 Acres
  • Maintenance Expense: 4200.00
  • Net Operating Income: 141101.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 56405.00
  • Operating Expense Percent: 28.60
  • Other Expense: 10265.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Total Expenses: 56405.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28193.00
  • Tax Census Tract: 875.04
  • Tax Lot: 12
  • Tax Tract Number: 3419
  • TaxOtherAnnualAssessmentAmount: 1865.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2025 05/12/25 Sold $2,264,000 -11.7% $425 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
01/14/2025 01/14/25 For Sale $2,565,000 -- $481 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,612 $1,632,000 $1,402,500 $229,500
2024 $10,612 $795,756 $539,781 $255,975
2023 $10,372 $780,153 $529,197 $250,956
2022 $10,221 $764,856 $518,820 $246,036
2021 $10,224 $749,859 $508,647 $241,212
2020 $10,174 $742,171 $503,432 $238,739
2019 $9,902 $727,619 $493,561 $234,058
2018 $9,708 $713,352 $483,883 $229,469
2017 $9,354 $699,365 $474,395 $224,970
2016 $9,318 $685,652 $465,093 $220,559
2015 $9,229 $675,353 $458,107 $217,246
2014 $8,702 $662,124 $449,133 $212,991
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25009153

California Regional Multiple Listing Service (CRMLS)
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