NOT LISTED FOR SALE
3 Beds
2 Baths
7,622 Sq Ft
0.5 Acres

Last Sold June 25, 2021

Last sale price $3,495,000 $459 Per Sq Ft

120 Days on Market

Highlights

  • 0.5 Acre Lot
  • Laundry Room
  • Level Lot
  • Lawn
  • Landscaped
  • 1-Story Property

About This Home

As of June 2021

2228 East Westport Drive is a 12-unit multifamily investment property located in Anaheim, CA. Built in 1960, 2228 East Westport Drive consists of 11, one-bedroom units and 1, two-bedroom unit, all of which are single-story. The property offers amenities including professional landscaping, security doors, garage and uncovered parking, a shared central courtyard, and on-site laundry. Additionally, current ownership has recently invested significant capital into both community and unit improvements. Common area renovations include new garage doors, roofing, windows, and front doors and unit renovations for select units include new flooring, doors, paint, and upgraded bathrooms and kitchens.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 01/25/2021

Last Buyer's Agent

Christopher Arvizu

Christopher Arvizu License #01477085

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 0.5 Acre Lot
  • No Common Walls
  • Landscaped
  • Level Lot
  • Lawn

Parking

  • 12 Car Garage

Interior Spaces

  • 7,622 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 1782
  • Assessor Parcel Number 08344409

Community Details

Building Details

  • 12 Leased Units
  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,688
  • Fuel Expense $1,687
  • Insurance Expense $4,054
  • Maintenance Expense $7,200
  • Other Expense $10,111
  • Professional Management Expense $6,000
  • Trash Expense $1,687
  • Water Sewer Expense $1,687
  • New Taxes Expense $39,940
  • Operating Expense $74,054
  • Gross Income $208,383
  • Net Operating Income $128,227

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Parking

12

Listing Details

  • Professional Management Expense: 6000.00
  • Property Attached: No
  • Water Sewer Expenses: 1687.00
  • Property Type: Residential Income
  • Parcel Number: 08344409
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 458.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1687.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Level
  • Lot Size Sq Ft: 21780.00
  • Lot Size Acres: 0.5000

Multi Family

  • Electric Expense: 1688.00
  • Fuel Expense: 1687.00
  • Gross Income: 208383.00
  • Gross Operating Income: 202281.00
  • Gross Scheduled Income: 203400.00
  • Insurance Expense: 4054.00
  • Laundry Income: 4983.00
  • Lot Size Area: 0.5000 Acres
  • Maintenance Expense: 7200.00
  • Net Operating Income: 128227.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 74054.00
  • Other Expense: 10111.00
  • Other Expense Description: Misc
  • Rent Control: Yes
  • Total Actual Rent: 16950.00
  • Total Expenses: 74054.00
  • Vacancy Allowance: 6102

Tax Info

  • New Taxes Expense: 39940.00
  • Tax Census Tract: 863.04
  • Tax Lot: 7
  • Tax Tract Number: 1782

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
06/25/2021 06/25/21 Sold $3,495,000 -0.1% $459 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
03/29/2021 03/29/21 Price Changed $3,500,000 -7.8% $459 / Sq Ft
01/25/2021 01/25/21 For Sale $3,795,000 -- $498 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21016035

California Regional Multiple Listing Service (CRMLS)