Sunrise Fountains Apartments_Property for Sale
Sunrise Fountains Apartments_Property for Sale
2104 South Lewis Street, Anaheim, CA, 92802, US

Sunrise Fountains Apartments

Description

JLL, as exclusive advisor, is pleased to present for sale, Sunrise Fountains (the “Property” or

“Sunrise”), a 132- unit, generational value-add multi-housing investment opportunity in

Anaheim, Orange County’s second largest city. Advantageously positioned on the west side

of I-5 just blocks from Disneyland, Sunrise Fountains offers an exceptional location with

seamless connectivity to major Orange County employment hubs and direct access to

Southern California’s world-renowned beaches and premium amenities.


Built in 1989, Sunrise presents over 25% rental upside across the entire property.

In addition to capturing approximately 7.8% in loss-to-lease, new ownership can

execute on an strategic value add strategy, offering a demonstrated ±$375/month/

unit premium by completing renovations to all 132 units (100% of property).

The investment opportunity is further enhanced through various exterior and

community improvements including modernizing the pool deck and furniture,

enhancing BBQ areas and courtyards, upgrade the fitness center, and more.


With today’s cost to replicate garden construction materially north

of $450,000/unit, Sunrise offers an attractive value-add thesis at a

compelling discount to replacement cost. Additionally, the Property is

offered two ways - either with the assumable debt in-place or free &

clear of existing financing. Please see the JLL Document Center for

additional information regarding the assumable financing.

...

Attributes

Number of units
132
Year built
1989

Media

Investment Highlights

  1. Rare Orange County Offering With Accretive Assumable Financing
  2. Irreplaceable Product At Discount To Replacement Cost
  3. Exceptional Value-Add Opportunity With 25%+ Rental Upside Across Whole Property
  4. Amenity Dense Anaheim Address Blocks Away From Disneyland
  5. Ultimate Transit-Oriented & Medical Bullseye Location With Proximity To 30,000+ Healthcare Jobs
  6. Burgeoning Demand Fueled By Rising Cost Of Homeownership


Sunrise Fountains Apartments 4_Property for Sale
Sunrise Fountains Apartments 4_Property for Sale

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Last updated
4 Sep 2025