$7,700,000
SOLD JUL 1, 2025

219 W Palais Rd Anaheim, CA 92805

Southeast Anaheim Neighborhood
3 Beds
3 Baths
14,885 Sq Ft
0.53 Acres

Recently Sold

$517 Per Sq Ft

2% Below List Price

44 Days on Market

About This Home

As of July 2025

a prime investment opportunity at 219 West Palais
Road, Anaheim, CA, 92805. This multifamily gem boasts a 14,885 SF building with 28 units,
offering a stable asset with current rents at market value. Built in 1960, the property features
new dual pane vinyl windows, a pitched roof, and a favorable location within the thriving
Anaheim rental market. With 30 covered and 14 open parking spaces, this well-maintained
property provides convenience and comfort for residents. In addition, 10 of the carport spaces
have been upgraded with electric vehicle charging stations built in. Don't miss the chance to
invest in this promising garden-style multifamily property with immense potential.

Last Agent to Sell the Property

Jason Kirklen

Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 01/21/2025

Co-Listed By

Cindy Madrigal

J. Villalobos Realty Brokerage Phone: 949-942-1302 License #01731388

Last Buyer's Agent

Jason Kirklen

Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 01/21/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.53 Acre Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 14,885 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 14 Open Parking Spaces
  • 44 Parking Spaces
  • 30 Carport Spaces
  • Parking Available

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 3011
  • Assessor Parcel Number 08241220
  • $7,369 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 28 Units

Amenities

  • Laundry Facilities

Building Details

  • 28 Separate Electric Meters
  • 28 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $9,800
  • Fuel Expense $18,200
  • Gardener Expense $4,617
  • Insurance Expense $16,280
  • Maintenance Expense $26,460
  • Other Expense $24,000
  • Professional Management Expense $33,128
  • Trash Expense $7,392
  • Water Sewer Expense $18,200
  • New Taxes Expense $93,651
  • Operating Expense $250,286
  • Gross Income $718,507
  • Net Operating Income $468,221

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 5.96
  • Price Per Unit: 280357
  • Professional Management Expense: 33128.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 18200.00
  • Zoning: RM1200
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 4617.00
  • Parcel Number: 08241220
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 517.30

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 30.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 44.00
  • Uncovered Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 7392.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 23087.00
  • Lot Size Acres: 0.5300

Multi Family

  • Electric Expense: 9800.00
  • Fuel Expense: 18200.00
  • Gross Income: 718507.00
  • Gross Multiplier: 10.67
  • Gross Operating Income: 718507.00
  • Gross Scheduled Income: 735780.00
  • Insurance Expense: 16280.00
  • Laundry Income: 400.00
  • Lot Size Area: 23087.0000 Square Feet
  • Maintenance Expense: 26460.00
  • Net Operating Income: 468221.00
  • Number Of Separate Electric Meters: 28
  • Number Of Separate Gas Meters: 28
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 28
  • Operating Expense: 250286.00
  • Other Expense: 24000.00
  • Other Expense Description: On Site
  • Other Income Description: Other Inc. incl. Gross Op. Inc
  • Rent Control: No
  • Total Expenses: 250286.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 93651.00
  • Tax Census Tract: 874.03
  • Tax Lot: 19
  • Tax Tract Number: 3011
  • TaxOtherAnnualAssessmentAmount: 7369.00

Range of Values:

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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 Change Sq Ft Price
07/01/2025 07/01/25 Sold $7,700,000 -1.9% $517 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
01/21/2025 01/21/25 For Sale $7,850,000 -- $527 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Kirklen

    Seller's Agent in 2025

    Jason Kirklen

    Kirklen Investment Group

    (949) 942-1302

    2 in this area

    23 Total Sales

    Jason Kirklen
    Section Image
  • Cindy Madrigal

    Seller Co-Listing Agent in 2025

    Cindy Madrigal

    J. Villalobos Realty

    (714) 341-2230

    1 in this area

    7 Total Sales

    Cindy Madrigal
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25014790

California Regional Multiple Listing Service (CRMLS)
California Orange County Anaheim 92805 Southeast Anaheim

219 W Palais Rd, Anaheim, CA

This home is located at 219 W Palais Rd, Anaheim, CA 92805 and is currently priced at $7,700,000, approximately $517 per square foot. This property was built in 1960. 219 W Palais Rd is a home located in Orange County with nearby schools including Revere (Paul) Elementary School, South Junior High School, and Katella High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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