Coronado Palms

1250 South Euclid Street Anaheim, CA 92802 169 Units
Coronado Palms

Investment Highlights

  • Proven Value Add Strategy with Substantial Rental Premium Upside
  • ADU Potential
  • Excellent Unit Mix
  • Great Vintage and Amenities
  • Walking Distance to Disneyland
  • High Occupancy with Strong Cash Flow

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire Coronado Palms, a 169-unit multifamily community located in the heart of Anaheim, California. Constructed in 1983 and situated on 5.15 acres, the property is comprised of two- and three-story rental buildings housing a mix of spacious one-, two-, and three-bedroom floorplans ranging from 836 to 1,035 square feet including a two-bedroom townhome option. The community offers numerous common area amenities including a resident clubhouse, business center, resort-style swimming pool with cabanas, fitness center, picnic areas with barbeque grills, children’s playground, and 6 laundry facilities. The property is subject to a ground lease with 89 years remaining. Coronado Palms provides an opportunity to continue a proven value-add strategy to realize further rental upside. Currently 106 of the 169 units have been renovated and are achieving a minimum $245 premium over non-renovated units. As the cost of homeownership rises, Anaheim is seeing a significant rent versus buy affordability gap of over 57% with a median home price of $898,000 and an average monthly home cost of $4,700.

1250 South Euclid Street
Anaheim, CA 92802
Coronado Palms is well located in the heart of Anaheim with frontage along Euclid Street just south of Ball Road, both major commercial thoroughfares with approximately 33,000 vehicles per day. The property is in close proximity to daily conveniences as well as the major entertainment and employment centers of Disneyland and Anaheim Convention Center, which are within walking distance. The property also enjoys easy access to the 5 Freeway, which connects residents to the education, retail, dining, recreation, and employment hubs found throughout Orange County and the entire Southern California region.

Listing Advisors

Alex Mogharebi


(909) 235-7888

CA Lic. #00627647

Otto Ozen

Executive Vice President

(909) 235-7886

CA Lic. #01030086

Mike Marcu

Senior Vice President

(949) 688-1224

CA Lic. #00919594

Download Documents
Contact a Listing Advisor