Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 2512 East Terrace Street, a 4-unit multifamily investment property located in Anaheim, California.
The 4,024 square foot property offers spacious two- and threebedroom floor plans, two of which are townhomes, and amenities including garage parking, open parking, and private patios. The property benefits from its proximity to State Routes 57 and 91, California State University, Fullerton, and major industrial corridors in Anaheim and Fullerton.
The East Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.7 percent (3Q 2019) and average effective rent increase of 5.2 percent (yearover- year since 3Q 2018), demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.
Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 2512 East Terrace Street.