3555 W Cerritos Avenue is an exceptionally well-maintained four-unit multifamily investment property located in the highly desirable city of Anaheim, California. Built in 1973, the subject property offers an ideal unit mix consisting of (1) three-bedroom/two-bathroom owners unit, (2) two-bedroom/two-bathroom units, and (1) two-bedroom/one-bathroom unit which appeals to a wide range of residents.
Situated on a generous 8,180 SF lot, the subject property provides attractive amenities including washer/dryer hookups, (5) garage parking spaces, (1) open parking space, private patios, and private balconies. These conveniences contribute to strong resident demand and long-term occupancy.
Current ownership has demonstrated meticulous care and a proactive approach to maintenance. 3/4 units have been updated in recent years with improvements such as new flooring, fresh paint, and granite countertops in select units. Additional improvements include new exterior paint for the building six months ago and new automatic garage doors three years ago. The building is also equipped with copper plumbing and separate 40-gallon water heaters for each unit. This hands-on approach ensures minimal deferred maintenance, allowing a new owner to benefit from reduced turnover costs and stable operations from day one.
3555 W Cerritos Avenue represents an outstanding opportunity for an astute investor to acquire a well-maintained asset with proven upside. With its desirable Anaheim location, quality renovations, steady rental demand, and potential for continued rent growth, this property is optimally positioned to deliver strong cash flow and long-term appreciation.