721 W La Palma Ave Anaheim, CA 92801

$4,795,000
0.3 acres
Condo

Property details

About 721 W La Palma Ave

721 West La Palma Avenue is a 12-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting exclusively of two-bedroom units, of which eight are townhome floorplans. Residents enjoy amenities such as private balconies, in-unit laundry, and ample parking in a gated parking garage. Additionally, current ownership has invested significant capital into interior and exterior improvements at 721 West La Palma Avenue including fresh paint, an automatic fire sprinkler system in the parking garage, and upgrades to air conditioning units, stairs, railings, and balconies. 721 West La Palma Avenue’s optimal North Orange County Location, situated between Downtown Anaheim and Downtown Fullerton, provides easy access to a plethora of unique shops, restaurants, and attractions. Additionally, the property places residents in close proximity to the regions top employers including the Anaheim Regional Medical Center, just over 0.25 miles from the property, as well as Disneyland, the Anaheim Convention Center, and California State University, Fullerton, which are all within a 3 mile radius of the property. Furthermore, the property provides residents with convenient access to State Routes 57 and 91, Interstate 5, and multiple train and transit stations, connecting residents to employment hubs throughout Southern California. Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 721 West La Palma Avenue.

Highlights

Home typeCondominium
StatusActive
Lot size0.3 Acres
Year built1989
MLS #OC24166762
Garage30 spaces

Summary

  • MLS Number: OC24166762
  • MLS Name: CRMLS
  • Office Name: Marcus & Millichap RE Invest
  • Office Email: tleeson@marcusmillichap.com
  • Listing Agent: Tyler Leeson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$4,795,000

721 W La Palma Ave

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Price information

Property sales

DateEventPrice
Jun 07, 1996
Home Sold
$450,000

Tax history

YearAssessmentProperty Tax
2021$767,376$11,610
2020$759,508$11,541
2019$744,616$11,052
2018$730,016$11,052
2017$715,702$10,678

History based on county public records data.

Nearby schools

4

Mann Elementary School

Public District KG-6

0.1 mi

600 W La Palma Ave

7

Vibrant Minds Charter

Public Charter KG-6

0.3 mi

412 W Carl Karcher Way

3

Henry Elementary School

Public District KG-6

0.4 mi

1123 W Romneya Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $34,615. Typical income of Anaheim, CA residents is less than $<35k annually. The majority of families are married, with kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

51%
<35k
41%
35k-100k
7%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

34%
Single, No Kids
20%
Single, with Kids
9%
Married, No Kids
37%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

21%
<11 yrs old
12%
12-17 yrs old
24%
18-34 yrs old
34%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Ross Dress For LessRoss Dress For Less
  • Foot LockerFoot Locker
  • H&MH&M

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • Little CaesarsLittle Caesars
  • Boston MarketBoston Market

What do the neighbors drive?

  • NissanNissan
  • DodgeDodge
  • HondaHonda

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 721 W La Palma Ave

This home is located at 721 W La Palma Ave in Anaheim, CA and zip code 92801 in the North Anaheim neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $4,795,000.

While more than 50 listings in Anaheim, CA in December 2024 were sold above asking price, there were more than 26 listings sold at asking price, and more than 42 were sold below. The number of homes for sale in Anaheim, CA decreased by 12.9% between November and December 2024. In December 2024 median list price was $907,824 and the average listing age was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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