Westport Apartments

Anaheim is a city in Orange County, California, part of the Los Angeles metropolitan area. As of the 2010 United States Census, the city had a population of 336,265, making it the most populous city in Orange County and the 10th-most populous city in California. Anaheim is the second-largest city in Orange County in terms of land area and is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two major sports teams: the Anaheim Ducks ice hockey club and the Los Angeles Angels baseball team. Anaheim’s city limits extend from Cypress in the west to the Riverside County line in the east and encompass a diverse collection of neighborhoods and communities. Anaheim Hills is a master-planned community located in the city’s eastern stretches that is home to many of the city’s affluent. Downtown Anaheim has three mixed- use historic districts, the largest of which is the Anaheim Colony. The Anaheim Resort, a commercial district, includes the Disneyland Resort, with its two theme parks, multiple hotels, and retail district, and numerous hotels and retail complexes.The offering presents the opportunity to acquire Westport Apartments, a 12-unit multifamily asset located at 2228 E. Westport Dr in Anaheim, California. The property consists of a single, one-story building constructed in 1960 and features a highly desirable unit mix of predominantly one-bedroom units (11 one-bed/one-bath and 1 two-bed/one-bath), catering to consistent workforce housing demand in Southeast Anaheim. The asset is currently operating with stable occupancy and in-place rents near market levels, providing reliable in-place cash flow with limited lease-up risk. The investment offers clear and achievable upside potential through operational improvements. A new owner can increase revenue by implementing RUBS to recapture utility expenses, monetizing garage parking, and pushing rents to full market levels. Additionally, the property’s current expense structure and management present opportunities for further NOI growth through professionalized operations and cost efficiencies. Westport Apartments is uniquely positioned within its immediate neighborhood, surrounded by dense residential housing, strong retail amenities, and proximity to major employers and transportation corridors. The property benefits from convenient access to the 5, 57, and 91 freeways, as well as nearby shopping centers such as Anaheim Town Square, supporting strong tenant demand and long-term rent growth.