NOT LISTED FOR SALE
3 Beds
3 Baths
14,885 Sq Ft
0.53 Acres Lot

Sale Details

Date Sold: July 1, 2025

Last sale price $7,700,000 $517 Per Sq Ft

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

John Lewis Ybarra, Realtors 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

  • 23,087 Sq Ft 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

0.53 Acres

Listing Details

  • CapRate: 5.96
  • 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
  • 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
07/01/2025 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

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
2025 $46,605 $5,620,536 $4,785,076 $835,460
2024 $46,605 $3,569,680 $2,575,534 $994,146
2023 $45,564 $3,499,687 $2,525,034 $974,653
2022 $44,914 $3,431,066 $2,475,523 $955,543
2021 $44,939 $3,363,791 $2,426,984 $936,807
2020 $44,724 $3,329,300 $2,402,098 $927,202
2019 $43,507 $3,264,020 $2,354,998 $909,022
2018 $42,646 $3,200,020 $2,308,821 $891,199
2017 $41,073 $3,137,275 $2,263,550 $873,725
2016 $40,922 $3,075,760 $2,219,166 $856,594
2015 $40,538 $3,029,560 $2,185,832 $843,728
2014 $38,195 $2,970,216 $2,143,015 $827,201
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25014790

California Regional Multiple Listing Service (CRMLS)
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