128 East Wakefield Avenue

Anaheim, CA 92802

$2,565,000
Price
3
Beds
7
Baths
5,331 Sq. Ft.
$481 / Sq. Ft.
5,331
Sq. Ft.
$481
per Sq. Ft.

Description

128 East Wakefield Avenue is a 7-unit multifamily investment property located in Anaheim, California. Built in 1961, 128 East Wakefield Avenue offers a desirable mix of one and two-bedroom floor plans. In 2024 current ownership invested significant capital into improvements to the property’s exterior and unit interiors. Exterior upgrades include fresh paint, newly installed fencing, and an updated mailbox, while the units received upgrades including fresh paint, vinyl flooring, quartz countertops,...128 East Wakefield Avenue is a 7-unit multifamily investment property located in Anaheim, California. Built in 1961, 128 East Wakefield Avenue offers a desirable mix of one and two-bedroom floor plans. In 2024 current ownership invested significant capital into improvements to the property’s exterior and unit interiors. Exterior upgrades include fresh paint, newly installed fencing, and an updated mailbox, while the units received upgrades including fresh paint, vinyl flooring, quartz countertops, stainless steel appliances, and more. The property offers desirable amenities including a gated common area courtyard, an on-site laundry facility, security doors, and ample garage parking. 128 East Wakefield Avenue benefits from its optimal Anaheim location, situated within one mile of Disneyland and Downtown Disney. The property is located adjacent to part of the recently approved DisneylandForward project, a $1.9 billion plan to expand Disneyland’s footprint by adding new hotels, retail, and attractions to its existing 100-acre plus site. Additionally, 128 East Wakefield Avenue is located within one mile of the Anaheim GardenWalk, providing residents with convenient access to a plethora of retail, dining, and entertainment options. The property is situated adjacent to the Platinum Triangle, an ongoing urban, business, and entertainment development that’s home to Angel Stadium, The Honda Center, and The Grove of Anaheim. Furthermore, 128 East Wakefield Avenue provides residents with convenient access to Interstate 5, State Route 57, and the Anaheim Regional Transportation Intermodal Center (ARTIC), connecting residents to employment hubs throughout Orange and Los Angeles Counties. With high quality property and unit upgrades, 128 East Wakefield represents a unique opportunity to acquire a renovated property in the direct vicinity of Disneyland and other major Anaheim area destinations.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 128 East Wakefield Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
7.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
5331
Assessor Parcel Number
137-342-04
Property Attached YN
false
LISTING UPDATED: 02/11/2025 02:45 AM

Property Details for 128 East Wakefield Avenue

StatusActive Under Contract
MLS #OC25009153
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
CountyOrange County

Building Information for 128 East Wakefield Avenue

Building/Complex128 E Wakefield AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1961Building Size-

Property Information for 128 East Wakefield Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $203,500
  • Gross Scheduled Income: $199,800
  • Vacancy Allowance: 5994
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $193,806
  • Net Operating Income: $141,101
  • Garage Income: $1,200
  • Laundry Income: $2,500
  • Gross Multiplier: 12.6
  • Cap Rate: 5.5
Expense Details
  • Operating Expense: $56,405
  • Operating Expense Percent: 28.60%
  • New Taxes Expense: $28,193
  • Fuel Expense: $1,500
  • Electric Expense: $1,500
  • Insurance Expense: $7,747
  • Maintenance Expense: $4,200
  • Professional Management Expense: $0
  • Other Expense: $10,265
  • Other Expense Description: Misc
  • Trash Expense: $1,500
  • Water Sewer Expense: $1,500
  • Total Expenses: $56,405
Tax / Assessment Info
  • Tax Tract Number: 3419
  • Tax Census Tract: 875.04
  • CFD/Mello-Roos Fee: $1,865
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $9,200
  • Unit Type Total Rent: $9,200
  • Unit Type Pro Forma: 9400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $7,450
  • Unit Type Total Rent: $7,450
  • Unit Type Pro Forma: 7650
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 128 East Wakefield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 128 East Wakefield Avenue

Taxable ValueLand$539,781Additions$255,975Total$795,756
Tax Record2024$10,612 ($884 / month)
Home Facts
Total Finished SqFt5,331 SqFtAbove Grade Finished SqFt5,331 SqFtStories2Lot Size8,665 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyORANGEAPN137-342-04

Schools near 128 East Wakefield Avenue

This home is within Anaheim Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Ponderosa Elementary School
PublicK to 6

South Junior High School
Public7 to 8

Katella High School
Public9 to 12

Palm Lane Elementary School
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.