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1184 W Casa Grande Ave 9 Unit Apartment Building $3,350,000 ($372,222/Unit) 5.03% Cap Rate Anaheim, CA 92802
Investment Highlights
- Prime Location One Block from Disneyland and the Anaheim Convention Center
- Pride of Ownership Turn-Key Property
- Desirable Amenities Include Gated Courtyard, Storage, & Garage Parking
- Majority Spacious 2-Bedroom Units
- SB721 Compliant & New Electrical Subpanels
Executive Summary
1184 W. Casa Grande Ave is a well-maintained, pride-of-ownership multifamily property located in one of Anaheim’s most desirable rental pockets just blocks from Disneyland and the Anaheim Convention Center. The property features spacious 1 & 2-bedroom units and a gated courtyard.
Amenities include garages with storage lockers, ample street parking, and an on-site laundry facility. Recent improvements, including SB 721 compliance and new electrical subpanels, help reduce near-term capital needs.
Positioned just minutes from Disneyland and the Anaheim Convention Center, the property benefits from strong, consistent rental demand. With its low-maintenance profile and functional unit mix, the asset offers stable in-place income with potential for future growth.
Amenities include garages with storage lockers, ample street parking, and an on-site laundry facility. Recent improvements, including SB 721 compliance and new electrical subpanels, help reduce near-term capital needs.
Positioned just minutes from Disneyland and the Anaheim Convention Center, the property benefits from strong, consistent rental demand. With its low-maintenance profile and functional unit mix, the asset offers stable in-place income with potential for future growth.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$232,320
|
$31.36
|
| Other Income |
$4,500
|
$0.61
|
| Vacancy Loss |
$4,736
|
$0.64
|
| Effective Gross Income |
$232,084
|
$31.33
|
| Taxes |
$40,543
|
$5.47
|
| Operating Expenses |
$23,084
|
$3.12
|
| Total Expenses |
$63,627
|
$8.59
|
| Net Operating Income |
$168,457
|
$22.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $232,320 |
| Annual Per SF | $31.36 |
| Other Income | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $0.61 |
| Vacancy Loss | |
|---|---|
| Annual | $4,736 |
| Annual Per SF | $0.64 |
| Effective Gross Income | |
|---|---|
| Annual | $232,084 |
| Annual Per SF | $31.33 |
| Taxes | |
|---|---|
| Annual | $40,543 |
| Annual Per SF | $5.47 |
| Operating Expenses | |
|---|---|
| Annual | $23,084 |
| Annual Per SF | $3.12 |
| Total Expenses | |
|---|---|
| Annual | $63,627 |
| Annual Per SF | $8.59 |
| Net Operating Income | |
|---|---|
| Annual | $168,457 |
| Annual Per SF | $22.74 |
Property Facts
| Price | $3,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $372,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.03% | Building Size | 7,408 SF |
| Gross Rent Multiplier | 14.15 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | RM-4 | ||
| Price | $3,350,000 |
| Price Per Unit | $372,222 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Gross Rent Multiplier | 14.15 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,408 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | RM-4 |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Ceiling Fans
- Refrigerator
- Range
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,950 | 700 |
| 2+1 | 5 | $2,298 | 921 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 090-253-11 | Total Assessment | $3,661,167 |
| Land Assessment | $2,865,261 | Annual Taxes | $40,543 ($5.47/SF) |
| Improvements Assessment | $795,906 | Tax Year | 2025 |
Property Taxes
Parcel Number
090-253-11
Land Assessment
$2,865,261
Improvements Assessment
$795,906
Total Assessment
$3,661,167
Annual Taxes
$40,543 ($5.47/SF)
Tax Year
2025
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1184 W Casa Grande Ave
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