401 S Beach Boulevard

Description

El Pueblo Apartments is a 30-unit multifamily community located at 401 South Beach Boulevard in Anaheim, California. Built in 1978 and situated on a 1.22-acre parcel, the property offers an attractive unit mix, strong existing amenities, and meaningful upside through both rental growth and potential accessory dwelling unit expansion. El Pueblo Apartments features a desirable mix of 24 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units, appealing to a broad tenant base. Each unit includes a private patio or balcony, with vaulted ceilings in second-floor residences enhancing natural light and livability. The community is supported by a compelling amenity package, including a swimming pool, on-site laundry facilities, and secure gated pedestrian access. Parking is a key differentiator, with 30 garage spaces and 20 surface spaces. Two-bedroom units are assigned two parking spaces, while one-bedroom units receive one assigned space, offering a parking ratio that is uncommon for properties of this vintage and size in the submarket. The asset presents substantial value-add potential, with the opportunity to increase rental income through continued interior upgrades and operational improvements. Additionally, the expansive 1.22-acre site provides potential for accessory dwelling unit development, subject to buyer verification and municipal approval, offering an additional avenue for future income growth. Ideally positioned, El Pueblo Apartments is directly adjacent to West Anaheim Medical Center, Anaheim’s 8th largest employer, driving consistent demand from healthcare professionals and staff. The property is also just over one mile from Knott’s Berry Farm and Buena Park Downtown, and in close proximity to Western High School, Twila Reid Park, and Cypress College, further strengthening long-term rental demand.