$7,450,000

Estimated payment $48,043/month

Total Views 426
5 Beds
5 Baths
19,214 Sq Ft
$388 Price per Sq Ft

Highlights

  • 0.87 Acre Lot
  • Laundry Room
  • Level Lot

About This Home

French Quarter Apartments is a 16-unit multifamily investment property located at 927 South Webster Avenue in Anaheim, California. Constructed in 1968, the property offers a total of approximately 19,214 rentable square feet situated on a 0.87-acre lot. The unit mix consists of two, one-bedroom units and fourteen, two-bedroom units, with an average unit size of approximately 1,200 square feet. Several floor plans are offered across the property, including both single-story flats and two-story townhome-style units, providing flexibility and appeal to a wide range of tenants. Amenities at the property include gated access, on-site laundry facilities, and carport parking, with direct access available for the townhome units. Select units also feature private patios. French Quarter Apartments is located on South Webster Avenue, a desirable residential corridor for both renters and operators due to its quiet atmosphere and proximity to daily conveniences. The property benefits from its West Anaheim location, placing it within walking distance of elementary, middle, and high schools, making it especially attractive for families. In addition, residents enjoy easy access to local retail centers, public parks, and major regional destinations such as Knott’s Berry Farm, Buena Park Downtown, and Disneyland. This offering presents an investor with the opportunity to acquire a well-situated property in a densely populated rental market with strong surrounding fundamentals.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 08/18/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1968

Lot Details

  • 0.87 Acre Lot
  • No Common Walls
  • Level Lot

Interior Spaces

  • 19,214 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 20 Parking Spaces
  • 20 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 18 / A
  • Tax Tract Number 787
  • Assessor Parcel Number 12730208
  • $4,244 per year additional tax assessments

Community Details

Overview

  • 8 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,706
  • Fuel Expense $5,706
  • Insurance Expense $14,630
  • Maintenance Expense $16,000
  • Professional Management Expense $21,555
  • Trash Expense $5,706
  • Water Sewer Expense $5,707
  • New Taxes Expense $80,549
  • Operating Expense $182,703
  • Gross Income $555,077
  • Net Operating Income $356,165

Property Details

Home Type

Apartment

Year Built

Built in 1968

Lot Details

0

Listing Details

  • CapRate: 4.78
  • Price Per Unit: 465625
  • Professional Management Expense: 21555.00
  • Property Attached: No
  • Water Sewer Expenses: 5707.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 12730208
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: First level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 387.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 20.00
  • Total Parking Spaces: 20.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5706.00
  • Water Source: Public

Condo/Co-op/Association

  • 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: 37897.00
  • Lot Size Acres: 0.8700

Multi Family

  • Electric Expense: 5706.00
  • Fuel Expense: 5706.00
  • Gross Income: 555077.00
  • Gross Multiplier: 1342.00
  • Gross Operating Income: 524114.00
  • Gross Scheduled Income: 540324.00
  • Insurance Expense: 14630.00
  • Lot Size Area: 37897.0000 Square Feet
  • Maintenance Expense: 16000.00
  • Net Operating Income: 356165.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 182703.00
  • Operating Expense Percent: 33.90
  • Other Income1: 14753.00
  • Rent Control: No
  • Total Expenses: 182703.00
  • Vacancy Allowance: 16210
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 80549.00
  • Tax Block: A
  • Tax Census Tract: 870.02
  • Tax Lot: 18
  • Tax Tract Number: 787
  • TaxOtherAnnualAssessmentAmount: 4244.00

Map

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
08/18/2025 08/18/25 For Sale $7,450,000 +31.9% $388 / Sq Ft
07/09/2019 07/09/19 Sold $5,650,000 -1.3% $294 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
02/22/2019 02/22/19 For Sale $5,725,000 +46.0% $298 / Sq Ft
07/02/2015 07/02/15 Sold $3,920,000 -2.0% $204 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
03/24/2015 03/24/15 For Sale $3,998,000 -- $208 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25185906

California Regional Multiple Listing Service (CRMLS)