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1629 W Ball Rd
For Sale $2,400,000
$2,400,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 9,583 Sq Ft
Description
1629 W. Ball Road, Anaheim, CA, a beautiful eight-unit apartment community in the heart of Anaheim. This investment offers a rare opportunity to acquire a well-located multifamily asset with strong upside potential, including 20-25% rental growth opportunities. The low-maintenance property ensures easy management, while the high-demand rental market provides stability for investors.
The eight-unit apartment building spans ±6,564 square feet on a ±9,583-square-foot lot. The unit mix consists of two two-bedroom/one-bath units and six one-bedroom/one-bath units. The units are separately metered for electricity and gas. There is a laundry room on-site for additional income potential. Tenants also benefit from the eight-car covered garage with alley access.
The Current GRM is 13.79, with a projected pro forma of 11.56. With rents below market rates, pro forma rents indicate a potential 20-25% increase. The current Net Operating Income (NOI) is over $125,000, with room for improvement.
1629 W Ball Road is in a prime Anaheim location near Downtown Anaheim. The property offers exceptional tenant appeal with proximity to major employment centers, shopping, and entertainment. The Disneyland Resort is about 2.5 miles away, Anaheim Plaza & Marketplace is nearby to offer retail and grocery options, and the site is within walking distance to dining and nightlife entertainment options. Additionally, Freeway access is convenient, with quick connections to Interstate 5 and 91 and the 57 Freeway.
Current rents are significantly below market, presenting an immediate value-add opportunity for investors. Inquire today for more information about the strong investment potential at 1629 W Ball Road.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,400,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 8 spots |
| Year Built | 1960 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 25015218 |
| MLS # | AR25082560 |
| Property ID | 321716441 |
| Lot Sqft | 9,583 |
| Zoning | Unknown |
| Total Units | 8 |
| Days on Market | 276 |
| Original List Price | $2,400,000 |
| Applicances | Dryer,Washer% |
| Date Updated | April 23, 2025 |
| Date Created | April 16, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $14,600 | $0 |
| Net Income (Yr) | $ 133,380 |
| Cap Rate | 5.56% |
Listing Provided By
Stephen Eng an agent of . Lic #01946974
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 23, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
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