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1136 W Broadway 6 Unit Apartment Building $1,650,000 ($275,000/Unit) 4.60% Cap Rate Anaheim, CA 92805
INVESTMENT HIGHLIGHTS
- Ideal Mix of One Bedroom and Two Bedroom Units
- Garage Parking
- 6.9% CAP Rate on Market Rents
- Majority Single Story Units
- Projected 32% Rental Upside
- Incredible Downtown Anaheim Location - Less than 1 Mile from the Anaheim Packing District
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$119,424
|
$26.72
|
| Other Income |
$1,596
|
$0.36
|
| Vacancy Loss |
$3,631
|
$0.81
|
| Effective Gross Income |
$117,389
|
$26.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$41,086
|
$9.19
|
| Net Operating Income |
$76,303
|
$17.07
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $119,424 |
| Annual Per SF | $26.72 |
| Other Income | |
|---|---|
| Annual | $1,596 |
| Annual Per SF | $0.36 |
| Vacancy Loss | |
|---|---|
| Annual | $3,631 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $117,389 |
| Annual Per SF | $26.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $41,086 |
| Annual Per SF | $9.19 |
| Net Operating Income | |
|---|---|
| Annual | $76,303 |
| Annual Per SF | $17.07 |
PROPERTY FACTS
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.60% | Building Size | 4,469 SF |
| Gross Rent Multiplier | 13.63 | Average Occupancy | 95% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Zoning | HMD, Anaheim | ||
| Price | $1,650,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Gross Rent Multiplier | 13.63 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,469 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | HMD, Anaheim |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,629 | - |
| 2+1 | 2 | $1,758 | - |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 036-082-02 | Improvements Assessment | $223,029 (2025) |
| Land Assessment | $599,353 (2025) | Total Assessment | $822,382 (2025) |
PROPERTY TAXES
Parcel Number
036-082-02
Land Assessment
$599,353 (2025)
Improvements Assessment
$223,029 (2025)
Total Assessment
$822,382 (2025)
CONTACTS
-
Garrett Blair -
Rick Applebaum -
Paul Espinosa -
Morgan-Skenderian Investment Real Estate Group
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1136 W Broadway
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