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1602-1608 W Juno Ave 17 Unit Apartment Building $4,750,000 ($279,412/Unit) 5.53% Cap Rate Anaheim, CA 92802
Investment Highlights
- Desirable mix of studio, one-bed, and two-bed floor plans.
- 15 of 17 total units have been renovated.
- 16 garage spaces provide convenient off-street parking.
- Two side-by-side buildings on separate parcels connected by a shared central courtyard.
- Gated access, security doors, and garage parking.
- Potential future ADU upside, subject to City of Anaheim approval.
Executive Summary
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 1602 - 1608 West Juno Avenue, a 16+1 unit multifamily offering located in Anaheim, California.
The property consists of two side-by-side apartment buildings on separate legal parcels, connected by a shared central courtyard. The unit mix includes 1 non-conforming studio, 12 one bed/one bath units, and 4 two bed/one bath units. The asset is supported by gated access, garage parking, two laundry rooms, and two main water heaters.
Built in 1960, the property offers a strong combination of completed renovation work and remaining upside. 15 of the 17 total units have been renovated and 2 units remain in original condition. This provides investors with a mostly stabilized asset profile while preserving a clear path to increase income through targeted interior upgrades, continued rent optimization, and improved operation of the remaining non-renovated units. Additional value may be available through future ADU creation, subject to approval by the City of Anaheim and any other applicable authorities.
With most of the renovation program already completed, 1602 - 1608 West Juno Avenue offers investors an Anaheim multifamily opportunity with strong in-place appeal, remaining unit-level upside, and additional long-term potential through future ADU creation.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
The property consists of two side-by-side apartment buildings on separate legal parcels, connected by a shared central courtyard. The unit mix includes 1 non-conforming studio, 12 one bed/one bath units, and 4 two bed/one bath units. The asset is supported by gated access, garage parking, two laundry rooms, and two main water heaters.
Built in 1960, the property offers a strong combination of completed renovation work and remaining upside. 15 of the 17 total units have been renovated and 2 units remain in original condition. This provides investors with a mostly stabilized asset profile while preserving a clear path to increase income through targeted interior upgrades, continued rent optimization, and improved operation of the remaining non-renovated units. Additional value may be available through future ADU creation, subject to approval by the City of Anaheim and any other applicable authorities.
With most of the renovation program already completed, 1602 - 1608 West Juno Avenue offers investors an Anaheim multifamily opportunity with strong in-place appeal, remaining unit-level upside, and additional long-term potential through future ADU creation.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$404,455
|
$30.81
|
| Other Income |
$8,601
|
$0.66
|
| Vacancy Loss |
$12,134
|
$0.92
|
| Effective Gross Income |
$400,922
|
$30.54
|
| Taxes |
$53,974
|
$4.11
|
| Operating Expenses |
$84,127
|
$6.41
|
| Total Expenses |
$138,101
|
$10.52
|
| Net Operating Income |
$262,821
|
$20.02
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $404,455 |
| Annual Per SF | $30.81 |
| Other Income | |
|---|---|
| Annual | $8,601 |
| Annual Per SF | $0.66 |
| Vacancy Loss | |
|---|---|
| Annual | $12,134 |
| Annual Per SF | $0.92 |
| Effective Gross Income | |
|---|---|
| Annual | $400,922 |
| Annual Per SF | $30.54 |
| Taxes | |
|---|---|
| Annual | $53,974 |
| Annual Per SF | $4.11 |
| Operating Expenses | |
|---|---|
| Annual | $84,127 |
| Annual Per SF | $6.41 |
| Total Expenses | |
|---|---|
| Annual | $138,101 |
| Annual Per SF | $10.52 |
| Net Operating Income | |
|---|---|
| Annual | $262,821 |
| Annual Per SF | $20.02 |
Property Facts
| Price | $4,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $279,412 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 5.53% | Building Size | 13,128 SF |
| Gross Rent Multiplier | 11.5 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | RM1200, Anaheim - Residential | ||
| Price | $4,750,000 |
| Price Per Unit | $279,412 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 13,128 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RM1200, Anaheim - Residential |
Amenities
Unit Amenities
- Balcony
- Heating
- Oven
- Range
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 675 |
| 2+1 | 4 | - | 750 - 1,000 |
| Studios | 1 | - | 320 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $4,770,128 (2025) | |
| Land Assessment | $4,271,424 (2025) | Annual Taxes | $53,974 ($4.11/SF) |
| Improvements Assessment | $498,704 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$4,271,424 (2025)
Improvements Assessment
$498,704 (2025)
Total Assessment
$4,770,128 (2025)
Annual Taxes
$53,974 ($4.11/SF)
Tax Year
2026 Payable 2026
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