1280 E La Palma Ave — Sale in Anaheim, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Anaheim, CA 92805

Investment Figures

Cap rate
5.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1280 East La Palma Avenue, a 9-unit multifamily property in Anaheim, California. Built in 1986, the property offers a more modern vintage than much of the surrounding apartment inventory and features a highly desirable unit mix entirely composed of 2-story townhome-style residences. The property includes five 2 bed/1.5 bath townhomes and four 3 bed/2 bath townhomes, providing larger floorplans that cater well to households seeking additional living space. Each unit benefits from both a private, fenced ground-level patio and a spacious upper-level balcony, creating a level of dedicated outdoor space that is uncommon in smaller multifamily assets. Central air and heat as well as individual water heaters further strengthen the unit-level amenity package. 1280 East La Palma Avenue also benefits from an exceptionally generous parking supply, with 9 carport spaces and 13 surface spaces for just 9 units. Additional community features include gated pedestrian access and on-site laundry, while the completion of the SB 721 inspection provides clarity around an important California compliance item. With rents currently positioned near market while still offering a measured level of upside, the property presents an attractive opportunity to acquire a later-vintage Anaheim apartment asset with a differentiated unit mix, strong resident-oriented amenities, and continued potential for income growth over time. Investment Highlights: • 9-unit Anaheim multifamily offering featuring an all-townhome unit mix with spacious 2 bed/1.5 bath and 3 bed/2 bath floorplans. • Built in 1986, the property offers a later-vintage profile than much of the surrounding apartment inventory. • Each residence features a private fenced patio and upper-level balcony. • Strong unit-level amenities include central air & heat and individual water heaters. • Exceptionally generous parking supply with 9 carport spaces and 13 surface spaces for just 9 units. • Gated pede

Market Context

This multifamily in Anaheim, CA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 79 days. Compare it against other multifamily listings for sale in Anaheim, CA — view the full market.

As of Q1 2026, the Orange County multifamily market showed average asking rents near $2081.00/unit/mo, rents up 0.6% year over year, and cap rates around 5.4%. Source: multiple brokerage reports, Q1 2026.

Its 5.1% asking cap rate is below the Orange County multifamily market average of about 5.4%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Orange County?
About 5.4% as of Q1 2026, per multiple brokerage reports.

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