127 W. Cypress St., Anaheim, CA 92805

Price: $4,100,000
Number of Units: 20
Year Built: 1982
Price per Unit: $205,000
Price per Square Foot: $366.07
Cap Rate: 3.6%
Mix: 20 One Bedroom, One Bathroom Units


    Cypress Senior Apartments is on the market for the first time by the original owner developer. The property has undergone many recent major upgrades including 7 newly rebuilt balconies, new exterior paint, all decks and walkways resurfaced, recent landscape upgrades including sprinkler system, and a new 30 year roof that was installed in 2011. New owner can realize significant rental upside with all units currently being M-T-M and under no rental restrictions. Currently, the owner is paying for tenant’s trash; this can be easily transferred to residents with a 60-day notice. Property is located across the street from a major mixed-use retail/residential development.