Le Chateau Apartments

N/AThe Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Le Chateau Apartments, a 76-unit multifamily investment property located in Anaheim, CA. Situated on a 4.40-acre lot, Le Chateau offers exclusively spacious two-bedroom floor plans and features highly desirable single-story and townhouse construction. The property has recently undergone significant capital improvements which include new roofs, replaced railings, partially upgraded electrical systems, and seven of the buildings have been repiped. Residents enjoy amenities including controlled pedestrian access that leads to one of the property’s lush professionally landscaped courtyards, four on-site laundry facilities, and a clubhouse, as well gated parking featuring garage, carport, and surface spaces. Available on the market for the first time in more than 40 years, Le Chateau provides new ownership with the unique opportunity to further increase potential rental rates through the implementation of a comprehensive unit renovation plan, which could include the installation of in-unit washers and dryers in all units. With current rental upside of more than 45%, based on existing units, Le Chateau represents an attractive value-add opportunity. Furthermore, the spacious common areas provide an attractive canvas for potential further improvements including converting the oversized clubhouse and leasing office into accessory dwelling units (ADUs) and the on-site laundry facilities into storage units. Situated in an attractive West Anaheim location, Le Chateau benefits from its close proximity to parks, schools, and major transportation routes. Residents enjoy convenient access to everyday needs including ALDI and Target, located within walking distance of the property along South Euclid Street. Additionally, Le Chateau is located within 1.50 miles of Disneyland, Anaheim’s premier employer with over 35,000 employees and a key economic and housing driver for the region. Furthermore, the property is just over 1.50 miles from Downtown Anaheim and the Anaheim Packing District, providing residents easy access to a plethora of dining and entertainment options. Le Chateau is conveniently located in close proximity to Interstate 5 and State Route 91, connecting residents to employment hubs throughout Southern California. The property’s desirable unit mix, well-maintained exterior, and close proximity to regional amenities as well as employment hubs are major draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Le Chateau Apartments. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*