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For SaleLuxury

$4,999,000

18,086 sqft$276/sqft150 days on market

935 S Trident Street

Anaheim, CA 92804

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

18,086

Square feet

1958

Built

Listing narrative

Description

South Trident Apartments is a 16-unit multifamily investment opportunity comprised of two contiguous 8-unit buildings situated on a combined 18,084 square foot lot in the heart of West Anaheim. Built in 1958, the property offers a desirable unit mix of twelve one-bedroom/one-bathroom and four two-bedroom/one-bathroom units, providing a diversified income base that appeals to a broad range of renters seeking quality, affordable apartment living in one of Orange County's most sought-after submarkets. The property is a stabilized, income-producing asset with current rents at or near market rate, supported by meaningful ancillary income streams including RUBS, garage parking, laundry, and pet income — generating strong in-place cash flow from day one. With a current CAP rate of 5.23% and a path to 6.37% at market rents, South Trident Apartments offers both stability and upside in a single well-located package. Residents benefit from an exceptional amenity package that is rare for properties of this vintage and size. The property features a sparkling swimming pool, on-site laundry rooms, 16 garage parking spaces, and gated entry — all of which contribute to strong tenant retention and consistent occupancy. The mature, well-maintained landscaping and clean building exterior further enhance curb appeal and support the property's reputation as a desirable place to live. From a location standpoint, South Trident Apartments is exceptionally well-positioned. The property sits within close proximity to the I-5 Freeway, Disneyland Park and Resort, Knott's Berry Farm, Ball Road retail corridors, and an array of daily conveniences including Ralphs, Walgreens, Bank of America, and numerous dining options. Nearby schools including Clara Barton Elementary and Gilbert High School further reinforce the property's appeal to families and long-term renters. With its stabilized income profile, desirable amenity set, proven ancillary income streams, and a prime West Anaheim location, South Trident Apartments represents a compelling acquisition for investors seeking a quality, lower-management-intensity asset with a clear path to enhanced returns as market rents continue their upward trajectory.

Listing agent (MLS): Jason Kirklen · Listing brokerage (MLS): Kirklen Investment Group

Property Details

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Price

$4,999,000

Beds

Beds n/a

Type

Condo

Home Size

18,086 sqft

Baths

Baths n/a

Lot Size

0.42 acres

Year

1958

Status

For Sale

Days on Market

150

$ / Sqft

$276

· 8% down, 7% APR, 30yr fixed
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Courtesy of Kirklen Investment Group