NOT LISTED FOR SALE
4 Beds
4 Baths
2,508 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: July 5, 2024

Last sale price $1,315,000 $524 Per Sq Ft

34 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • 1-Story Property
  • Den
  • Laundry Facilities

About This Home

As of July 2024

2122 E Westport Drive is an exquisite four-unit multifamily property ideally situated near Downtown Anaheim, California. Each unit boasts a spacious one-bedroom plus an accompanying den, offering residents both comfort and versatility.
The single-story construction with a pitched shingle roof exudes curb appeal with meticulously landscaped grounds and a sprawling front yard adorned with lush, manicured lawns. Well-maintained and recently painted in 2018, the building stands as a testament to quality and care.
Tenants will appreciate the convenience of garage parking, on-site laundry, and a built-in BBQ with seating area. Additionally, the building has security screen doors, a storage shed and grass areas to further enhance the resident experience.
Strategically located just under a mile from the CA-57 Freeway, the property offers seamless connectivity to major retail, educational, and employment hubs, extending opportunities beyond the immediate neighborhood.
This offering presents an enticing opportunity for investors, combining a well-maintained apartment community with substantial value-add potential in a prime Anaheim locale. With the city’s robust apartment market and amenities nearby, investors can anticipate strong demand from discerning tenants seeking a blend of comfort, convenience, and connectivity.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker Brokerage Email: Mark.Bridge@cushwake.com License #01316702 Listed on: 03/20/2024

Last Buyer's Agent

Mark Bridge

Mark Bridge, Broker Brokerage Email: Mark.Bridge@cushwake.com License #01316702 Listed on: 03/20/2024

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,508 Sq Ft Home
  • 1-Story Property
  • Den
  • Leased Washer and Dryer

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 3288
  • Assessor Parcel Number 08344305

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,560
  • Fuel Expense $3,276
  • Gardener Expense $1,080
  • Insurance Expense $1,800
  • Maintenance Expense $2,000
  • Other Expense $1,035
  • Pest Control $300
  • Professional Management Expense $4,642
  • Trash Expense $1,696
  • Water Sewer Expense $1,829
  • New Taxes Expense $14,715
  • Operating Expense $34,933
  • Gross Income $92,832
  • Net Operating Income $64,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

8,712 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.75
  • Professional Management Expense: 4642.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1829.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 08344305
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 524.32
  • Room Type: All Bedrooms Down, Den

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range
  • Laundry Features: Community
  • Pest Control Expense: 300.00
  • Sewer: Public Sewer
  • Trash Expense: 1696.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000
  • Latitude Manual: 33.83652700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 627 Square Feet
  • Electric Expense: 2560.00
  • Fuel Expense: 3276.00
  • Gross Income: 92832.00
  • Gross Multiplier: 14.54
  • Gross Operating Income: 99096.00
  • Gross Scheduled Income: 92832.00
  • Gross Spendable Income: 64163.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1389.00
  • Lot Size Area: 8712.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 64163.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 34933.00
  • Operating Expense Percent: 35.30
  • Other Expense: 1035.00
  • Other Income1: 7660.00
  • Other Income Description: RUBS
  • Rent Control: No
  • Total Actual Rent: 7736.00
  • Total Expenses: 34933.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14715.00
  • Tax Census Tract: 863.04
  • Tax Lot: 9
  • Tax Tract Number: 3288

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Jun 5, 2024
Sold by
Bought by
Seller's Agent
Mark Bridge
Mark Bridge, Broker
Buyer's Agent
Mark Bridge
Mark Bridge, Broker
List Price
$1,350,000
Sold Price
$1,315,000
Premium/Discount to List
-$35,000
-2.59%
Views
80

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$782,207
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,315,000 Chicago Title
$1,032,500 Chicago Title Company
-- Commonwealth Land Title Co
$200,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $800,000
Previous Owner $604,000
Previous Owner $604,000
Previous Owner $430,000
Previous Owner $250,000
Previous Owner $210,000
Previous Owner $130,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/05/2024 07/05/24 Sold $1,315,000 -2.6% $524 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,350,000 -- $538 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $16,052 $1,341,300 $1,147,500 $193,800
2025 $13,145 $1,315,000 $1,125,000 $190,000
2024 $13,145 $1,098,350 $912,639 $185,711
2023 $12,867 $1,076,814 $894,744 $182,070
2022 $12,702 $1,055,700 $877,200 $178,500
2021 $12,724 $1,035,000 $860,000 $175,000
2020 $4,313 $291,999 $175,211 $116,788
2019 $4,206 $286,274 $171,775 $114,499
2018 $4,126 $280,661 $168,407 $112,254
2017 $3,983 $275,158 $165,105 $110,053
2016 $3,965 $269,763 $161,867 $107,896
2015 $3,925 $265,711 $159,435 $106,276
2014 $3,712 $260,507 $156,312 $104,195
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24055747

California Regional Multiple Listing Service (CRMLS)
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