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2228 E Westport Dr, Anaheim, CA 92806
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2228 E Westport Dr Anaheim, CA 92806

$3,495,000 Sold Price as of 06/25/2021
  • 13 Beds
  • 12 Baths
  • 7,622 Sq.Ft.
Sold
$3,495,000 Sold Price as of 06/25/2021 Refinance Your Mortgage
Map preview of 2228 E Westport Dr, Anaheim, CA 92806

Property Overview: 2228 E Westport Dr Anaheim, CA has 13 bedrooms, 12 bathrooms, 7,622 living square feet and 21,780 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2228 East Westport Drive is a 12-unit multifamily investment property located in Anaheim, CA. Built in 1960, 2228 East Westport Drive consists of 11, one-bedroom units and 1, two-bedroom unit, all of which are single-story. The property offers amenities including professional landscaping, security doors, garage and uncovered parking, a shared central courtyard, and on-site laundry. Additionally, current ownership has recently invested significant capital into both community and unit improvements. Common area renovations include new garage doors, roofing, windows, and front doors and unit renovations for select units include new flooring, doors, paint, and upgraded bathrooms and kitchens.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 120

Home details

Lot Sq. Ft
21,780
HOA Dues
$0/mo
Year built
1960
Garage
12 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21016035
City
Anaheim
County
Orange
Time on Site
1203 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Leased Units: 12
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 11
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $15,100
  • Total Rent: $15,100
  • Pro Forma/Market Rent: $17,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $203,400
  • Net Operating Income: $128,227
  • Gross Operating Income: $202,281
  • Vacancy Allowance: $6,102
  • Laundry Income: $4,983
Annual Expense Breakdown
  • Total Operating Expense: $74,054
  • Electric: $1,688
  • Gas/Fuel: $1,687
  • New Taxes: $39,940
  • Trash: $1,687
  • Insurance: $4,054
  • Maintenance: $7,200
  • Professional Management: $6,000
  • Water/Sewer: $1,687
  • Other Expenses: $10,111
  • Other Expense Description: Misc

Property Details for 2228 E Westport Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: Landscaped, Lawn, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 12
  • Parcel Number: 08344409
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: East Westport Drive & South Priscilla Way
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Anaheim Agent

Sale History for 2228 E Westport Dr

Last sold for $3,495,000 on June 25th, 2021

  • June, 2021

  • Jun 28, 2021

    Date

    Sold

    CRMLS: OC21016035

    $3,495,000

    Price

  • Jun 16, 2021

    Date

    Pending

    CRMLS: OC21016035

    $3,500,000

    Price

  • May 25, 2021

    Date

    Active Under Contract

    CRMLS: OC21016035

    $3,500,000

    Price

  • Mar 29, 2021

    Date

    Price Change

    CRMLS: OC21016035

    $3,500,000

    Price

  • Jan 25, 2021

    Date

    Active

    CRMLS: OC21016035

    $3,795,000

    Price

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: WS20132144

    $4,000,000

    Price

  • Jul 7, 2020

    Date

    Active

    CRMLS: WS20132144

    $4,000,000

    Price

  • Listing provided courtesy of CRMLS

    Rare purchase opportunity as local rental inventory are low with higher than usual demand for rentals: • Steps away from restaurants, museums, entertainment and more • Few minutes away to Anaheim Angel Stadium and Honda Center • 12 Units Complex with upgrades (NEW Copper pipe, new Water heater, new doors, landscaping, laundry room and machines, fences and parking area and side walks) • 3 Fully remodeled units with the remaining to provide upside value to new owner Rental housing market conditions in the Anaheim area are tight, and the vacancy rate is estimated at 3.6 percent, down from 5.9 percent in 2020. The increase in renter households since 2010 has outpaced the construction of rental units and the conversion of single-family homes, townhomes, and condominiums to rental use. During the forecast period, demand in the Anaheim area is expected for 11,550 new market-rate rental units; approximately 75 percent of the 5,100 rental units currently under construction will be completed in the next 12 months and will meet most of the demand in the first year of the forecast period.

  • December, 2019

  • Dec 26, 2019

    Date

    Sold

    CRMLS: 190056787

    $2,900,000

    Price

  • Nov 8, 2019

    Date

    Pending

    CRMLS: 190056787

    $2,950,000

    Price

  • Oct 16, 2019

    Date

    Active

    CRMLS: 190056787

    $2,950,000

    Price

  • Listing provided courtesy of CRMLS

    Westport Gardens is a well maintained asset comprising of 12 units located in an exceptional and convenient rental area in Anaheim, Ca. All units have garage parking and there are 2 utility rooms located on the premises. One room is comprised of the owned washer and dryer. The upgraded 2 bedroom unit includes wall a/c, microwave and a private patio. Tremendous upside potential in all units. The central courtyard entrance to all units adds extra security and charm to this property. Exterior: ,,

  • December, 2019

  • Dec 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,900,000

    Price

  • October, 2019

  • Oct 15, 2019

    Date

    Expired

    CRMLS: 190050773

    $2,950,000

    Price

  • Oct 4, 2019

    Date

    Active

    CRMLS: 190050773

    $2,950,000

    Price

  • Sep 26, 2019

    Date

    Pending

    CRMLS: 190050773

    $2,950,000

    Price

  • Sep 12, 2019

    Date

    Active

    CRMLS: 190050773

    $2,950,000

    Price

  • Listing provided courtesy of CRMLS

    Westport Gardens is a well maintained asset comprising of 12 units located in an exceptional and convenient rental area in Anaheim, Ca. All units have garage parking and there are 2 utility rooms located on the premises. One room is comprised of the owned washer and dryer. The upgraded 2 bedroom unit includes wall a/c, microwave and a private patio. Tremendous upside potential in all units. The central courtyard entrance to all units adds extra security and charm to this property. Exterior: ,,

  • April, 2007

  • Apr 18, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,500,000

    Price

Show More

Tax History for 2228 E Westport Dr

Assessed Value (2020): $2,900,000
Year Land Value Improved Value Assessed Value
2020 $2,650,000 $250,000 $2,900,000

Home Value Compared to the Market

This property vs the competition

2228 E Westport Dr sold on June 25, 2021 for 297.73% higher than the current median sold price for the city of Anaheim which is $880,000. The median sold price per/sqft for Anaheim is $542 and this home is sold at $459.2 per/sqft which puts the price per square foot 15.28% lower than the current median sale per square foot for the city of Anaheim.

About 2228 E Westport Dr

Detailed summary of property

2228 E Westport Dr is a multi family that recently sold in Anaheim, CA 92806. This multi family property offered 13 bedrooms, 12 bathrooms, roughly 7,622 living square feet, and sits on an approximately 21,780 square foot lot. 2228 E Westport Dr was first listed on ArdentRealEstateGroup.com on January 25, 2021. The homeowner sold the property for $3,495,000. Home in Anaheim are selling for a median price of $880,000 and a median price per square foot of $542. Based on Ardent Real Estate Group's Anaheim Market Data, this home is sold 297.73% higher than the current median priced home. Local homes that are currently for sale include 17061 Sandra Lee Ln, 205 Huntington St and 206 Chicago Ave. While the average home in Anaheim, CA is selling in 40 days, 2228 E Westport Dr has a days on market of 120 days. There are currently 254 homes for sale in the Anaheim real estate market and 152 of them are single family homes while 70 of them are condos and 32 are townhomes. For more information on this home for sale at 2228 E Westport Dr Anaheim, CA 92806 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 2228 E Westport Dr

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
7,622
Lot Size
21,905
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
7
APN
083-444-09

The source for these homes facts are from public records.

92806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$938,888
Median List Price/Sq.Ft.
$501
Median Sold Price
$1,016,500
Median Sold Price/Sq.Ft.
$598
Total Inventory
20
Median Sale to List Price %
107.01%
Avg Days on Market
10
Loan Type
Conventional (66.67%), FHA (0%), VA (11.11%), Cash (0%), Other (11.11%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 2228 E Westport Dr

2209 E Westport Dr, Anaheim, CA 92806
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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