701 N W Provential Drive Overview
- Time on Site:
- 18 days
- Visits:
- 0
The West Provential Apartments present a rare opportunity to acquire a well-maintained 4-unit multifamily asset in the heart of Anaheim, California. Constructed in 1961, the property features a highly desirable unit mix of one spacious 2-bedroom/1-bath units and three 2-bedroom/1.5-bath townhouse-style units with private yards and fireplaces, creating strong tenant appeal in a supply-constrained rental market. The property benefits from an attractive low-density layout with expansive landscaped courtyards, twelve garage parking spaces, and an on-site laundry rooms, providing residents with convenience and long-term livability. Recent capital improvements including newer windows, doors, and roof systems help minimize near-term maintenance obligations while supporting continued rental growth and operational stability. Operational upside remains through the implementation of RUBS for trash and water reimbursement, as well as charging tenants for garage parking. Current ownership has not fully captured these ancillary income streams, allowing a new investor the opportunity to increase cash flow with minimal capital investment. Additionally, the property’s existing rents remain below projected market levels, supporting continued organic rental growth over time. Located within close proximity to Disneyland, major employment centers, retail amenities, and multiple freeway corridors including the 5, 91, and 57 Freeways, the asset is positioned to benefit from Anaheim’s continued economic expansion and strong multifamily demand drivers. The surrounding area continues to attract a broad renter base seeking affordable and centrally located housing within Orange County. With its strong in-place fundamentals, attractive unit mix, functional layout, and clear path to increased revenue, West Provential Apartments offers investors a compelling opportunity to acquire a stabilized Anaheim multifamily asset with meaningful upside potential and long-term ownership appeal. This may be purchased together with 625 W Provential.
701 N W Provential Drive Facts & Features
- Type Multi-Family
- Sq. ft. 3,883
- Price/Sq.ft. $457
- Lot 0.21 Acres
Details
General
Association/HOA
- Common Interest: Community Apartment
Income/Expenses
- Electric Expense: 707.0
- Fuel Expense: 1056.0
- Gardener Expense: 1373.0
- Gross Income: 123912.0
- Gross Scheduled Income: 123912.0
- Insurance Expense: 4388.0
- Maintenance Expense: 2804.0
- Net Operating Income: 83570.0
- New Taxes Expense: 21279.0
- Operating Expense: 36625.0
- Trash Expense: 1916.0
- Water Sewer Expense: 2102.0
Building Information
- New Construction: No
- Year Built: 1961
Location/Region
- Country: US
- County Or Parish: Orange
- MLS Area Major: 699 - Not Defined
- Postal City: ANAHEIM
Community/Development
- Community Features: Curbs,Gutter(s),Street Lights,Sidewalks
Rent/Lease Information
- Land Lease: No
- Tenant Pays: Electricity,Gas
General Information
- Listing Terms: Cash,Cash to New Loan,1031 Exchange
- Parcel Number: 03618310
- Property Sub Type: Quadruplex
- Property Type: Residential Income
- Rent Control: No
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage Spaces: 6.0
- Garage: Yes
Building Interior
- Building Area Total: 3883.0
- Building Area Units: Square Feet
General Information
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: front
- Laundry Features: Common Area
- Stories Total: 2
Exterior
Parking Information
- Parking Features: Assigned,Door-Multi,Garage
- Parking Total: 6.0
Lot Information
- Additional Parcels: No
- Lot Features: 2-5 Units/Acre
- Lot Size Acres: 0.2101
- Lot Size Area: 9150.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 9150.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 5
- Number Of Separate Water Meters: 1
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: Yes
General Information
- Number Of Units Total: 4
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
701 N W Provential Drive Neighborhood
Community
92805 (ANAHEIM) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.701 N W Provential Drive Monthly Cost
701 N W Provential Drive Market Data
Based on the last 30 days in this zip code
701 N W Provential Drive History
| Date | Value | Agent |
|---|---|---|
| 6/11/2026Source: CRMLS | June 11, 2026 |
Contact Information: [email protected] - 949-942-1300