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.
Property Details
Property Features
Property Information:
Year Built: 1989
Stories: 2
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Email: tleeson@marcusmillichap.com
Listing Agent: Tyler Leeson
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 30 spaces
Lot Features
Lot Information:
Lot Size: 0.30 Acres
Other
Directions Information:
Directions: Cross Streets of West La Palma Avenue & North Harbor Boulevard
Price Information
Listing Price Info
Price Summary:
List Price: $4,795,000
Tax Information:
Annual Amount: $11,611
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Anaheim, CA.
This property is $3.8M more than the Median Sold Price in Anaheim, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24166762
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Email: tleeson@marcusmillichap.com
Listing Agent: Tyler Leeson
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: 12/17/2024, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 07, 1996
Jun 07, 1996Home Sold
$450,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$11,611
$767,376
2020
$11,541
$759,508
2019
$11,052
$744,616
2018
$11,052
$730,016
2017
$10,678
$715,702
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Mann Elementary School
600 W La Palma Ave
Distance between this listing and this school0.13 miles
Public District Grades KG-6
7
/10
Vibrant Minds Charter
412 W Carl Karcher Way
Distance between this listing and this school0.32 miles
Public Charter Grades KG-6
3
/10
Henry Elementary School
1123 W Romneya Dr
Distance between this listing and this school0.39 miles
Public District Grades KG-6
Nearby Schools
4
/10
Nicolas Junior High School
1100 W Olive Ave
Distance between this listing and this school1.41 miles
Public District Grades 7-8
3
/10
Brookhurst Junior High School
601 N Brookhurst St
Distance between this listing and this school1.93 miles
Public District Grades 7-8
2
/10
Sycamore Junior High School
1801 E Sycamore St
Distance between this listing and this school1.96 miles
Public District Grades 7-8
Nearby Schools
6
/10
Anaheim High School
811 W Lincoln Ave
Distance between this listing and this school0.97 miles
Public District Grades 9-12
3
/10
Orange County Workforce Innovation High School
505 N Euclid St
Distance between this listing and this school1.04 miles
Public Charter Grades 9-12
4
/10
Epic Charter (Excellence Performance Innovation Citizenship)
100 S Anaheim Blvd Ste 150
Distance between this listing and this school1.17 miles
The neighbors living near this home have an average income of $34,615. Residents of Anaheim, CA typically earn less than $35k each year. The most common type of family is married, with kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 721 W La Palma Ave
What is the listing price of this property?
The listing price of 721 W La Palma Ave property is $4,795,000.
What type of property is this?
The property 721 W La Palma Ave is a condo located in Anaheim, California, 92801.
Is this property for sale now?
Active Listing: 721 W La Palma Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $11,611 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 7, 1996 for $450,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 721 W La Palma Ave is 1989.
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This home is located at 721 W La Palma Ave in Anaheim, CA and zip code 92801 in the North Anaheim neighborhood. This home, which was built in 1989, sits on a 0.30 acre lot. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $4,795,000.
In November 2024, from all listings sold in Anaheim, CA there were more than 48 sold above asking price, over 40 sold below and more than 14 were sold right at the asked price. The number of listings in Anaheim, CA decreased by 13.2% between October 2024 and November 2024. The median list price of listings available in November 2024 was $904,450, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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