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1173 N Mayfair Ave 6 Unit Apartment Building $1,895,000 ($315,833/Unit) 5.67% Cap Rate Anaheim, CA 92801
Investment Highlights
- 5.7% Cap Rate on Current Rents
- Individual Water Heaters in Each Unit
- New Electrical Panels, New Garage Doors, New Deck/Railings & Stairs, Irrigation and Landscaping
- 67% Two Bedroom Units
- Copper Plumbing
- All Units Eligible for 8.8% Rent Increases Effective April 1, 2026
Executive Summary
Presenting a well-maintained 6-unit apartment complex in the heart of Anaheim, ideally positioned on a prominent corner lot. The property features a desirable unit mix of (4)
spacious two bedroom/one bathroom units and (2) one bedroom/one bathroom units, totaling 5,028 rentable square feet. Tenants benefit from convenient amenities including an on-site laundry facility, individual hot water heaters, six private garages, and two open parking spaces. The property currently generates a solid 5.7% CAP rate with clear upside in rental income as units turnover. Significant capital improvements have been completed, reducing future maintenance costs and boosting long-term value. *All of the units are eligible for 8% rent increases effective April 1, 2026.
Located in a strong rental market with close proximity to major employment centers, schools, and freeways, this asset offers investors stable income, long-term appreciation
potential, and the ability to further enhance value through rental growth. Anaheim’s robust tenant demand and investor-friendly fundamentals make this an ideal addition to
any multifamily portfolio.
spacious two bedroom/one bathroom units and (2) one bedroom/one bathroom units, totaling 5,028 rentable square feet. Tenants benefit from convenient amenities including an on-site laundry facility, individual hot water heaters, six private garages, and two open parking spaces. The property currently generates a solid 5.7% CAP rate with clear upside in rental income as units turnover. Significant capital improvements have been completed, reducing future maintenance costs and boosting long-term value. *All of the units are eligible for 8% rent increases effective April 1, 2026.
Located in a strong rental market with close proximity to major employment centers, schools, and freeways, this asset offers investors stable income, long-term appreciation
potential, and the ability to further enhance value through rental growth. Anaheim’s robust tenant demand and investor-friendly fundamentals make this an ideal addition to
any multifamily portfolio.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$152,195
|
$30.27
|
| Other Income |
$336
|
$0.07
|
| Vacancy Loss |
$4,576
|
$0.91
|
| Effective Gross Income |
$147,955
|
$29.43
|
| Taxes |
$22,430
|
$4.46
|
| Operating Expenses |
$18,153
|
$3.61
|
| Total Expenses |
$40,583
|
$8.07
|
| Net Operating Income |
$107,372
|
$21.35
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $152,195 |
| Annual Per SF | $30.27 |
| Other Income | |
|---|---|
| Annual | $336 |
| Annual Per SF | $0.07 |
| Vacancy Loss | |
|---|---|
| Annual | $4,576 |
| Annual Per SF | $0.91 |
| Effective Gross Income | |
|---|---|
| Annual | $147,955 |
| Annual Per SF | $29.43 |
| Taxes | |
|---|---|
| Annual | $22,430 |
| Annual Per SF | $4.46 |
| Operating Expenses | |
|---|---|
| Annual | $18,153 |
| Annual Per SF | $3.61 |
| Total Expenses | |
|---|---|
| Annual | $40,583 |
| Annual Per SF | $8.07 |
| Net Operating Income | |
|---|---|
| Annual | $107,372 |
| Annual Per SF | $21.35 |
Property Facts
| Price | $1,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $315,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.67% | Building Size | 5,028 SF |
| Gross Rent Multiplier | 12.42 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.59/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM1200, Anaheim | ||
| Price | $1,895,000 |
| Price Per Unit | $315,833 |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| Gross Rent Multiplier | 12.42 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,028 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | RM1200, Anaheim |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,957 | 1 |
| 2+1 | 4 | $2,197 | 1 |
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Property Taxes
| Parcel Number | 271-011-02 | Total Assessment | $1,023,684 (2025) |
| Land Assessment | $805,835 (2025) | Annual Taxes | $22,430 ($4.46/SF) |
| Improvements Assessment | $217,849 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
271-011-02
Land Assessment
$805,835 (2025)
Improvements Assessment
$217,849 (2025)
Total Assessment
$1,023,684 (2025)
Annual Taxes
$22,430 ($4.46/SF)
Tax Year
2024
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