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OC “address-strength” & an escape from LA RSO 3608 W Orange Ave 14 Unit Apartment Building $4,999,000 ($357,071/Unit) 5.20% Cap Rate Anaheim, CA 92804
Investment Highlights
- ?2 building asset with ample parking on a massive 20K sq. ft. lot.
- ?The units boast fireplaces and in-unit AC.
- ?Upstairs vaulted ceilings.
- ?IMMEDIATE RENT UPSIDE (2026 RENT INCREASES DUE IN 11 OF THE 14 UNITS).
- ?3 Blocks to Cypress College.
- ?Gated property.
Executive Summary
Condo quality garden-style property.? Highly walkable to Orangeview Junior High School, across the street, and Holder Elementary down the block, not to mention Cypress College.? The property has thrived under long-term pride of ownership and professional management.? Five units recently renovated as well as new roofs (installed in 2024) - the property is gated and the units boast of amenities such as A/C, wet bars, fireplaces, and vaulted ceilings – a superior rental option compared to much of the competing product in the area.?
A 'Steady Eddie' investment option for almost any Buyer-profile, even more so for an "LA" owner who wants to own in a much more Landlord-friendly city and county! Strength of an OC address, for owners and renters alike, without the Newport Beach price point.? Immediate rent upside (2026 rent increases due) in 11 of the 14 units!
A 'Steady Eddie' investment option for almost any Buyer-profile, even more so for an "LA" owner who wants to own in a much more Landlord-friendly city and county! Strength of an OC address, for owners and renters alike, without the Newport Beach price point.? Immediate rent upside (2026 rent increases due) in 11 of the 14 units!
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$396,084
|
$34.32
|
| Other Income |
$3,200
|
$0.28
|
| Vacancy Loss |
$11,883
|
$1.03
|
| Effective Gross Income |
$387,401
|
$33.57
|
| Taxes |
$60,988
|
$5.28
|
| Operating Expenses |
$66,292
|
$5.74
|
| Total Expenses |
$127,280
|
$11.03
|
| Net Operating Income |
$260,121
|
$22.54
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $396,084 |
| Annual Per SF | $34.32 |
| Other Income | |
|---|---|
| Annual | $3,200 |
| Annual Per SF | $0.28 |
| Vacancy Loss | |
|---|---|
| Annual | $11,883 |
| Annual Per SF | $1.03 |
| Effective Gross Income | |
|---|---|
| Annual | $387,401 |
| Annual Per SF | $33.57 |
| Taxes | |
|---|---|
| Annual | $60,988 |
| Annual Per SF | $5.28 |
| Operating Expenses | |
|---|---|
| Annual | $66,292 |
| Annual Per SF | $5.74 |
| Total Expenses | |
|---|---|
| Annual | $127,280 |
| Annual Per SF | $11.03 |
| Net Operating Income | |
|---|---|
| Annual | $260,121 |
| Annual Per SF | $22.54 |
Property Facts
| Price | $4,999,000 | Apartment Style | Low-Rise |
| Price Per Unit | $357,071 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 5.20% | Building Size | 11,541 SF |
| Gross Rent Multiplier | 12.52 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 2.17/1,000 SF |
| Price | $4,999,000 |
| Price Per Unit | $357,071 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 12.52 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 11,541 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.17/1,000 SF |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 749 |
| 2+2 | 6 | - | 925 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 134-461-34 | Total Assessment | $1,600,245 (2025) |
| Land Assessment | $351,899 (2025) | Annual Taxes | $60,988 ($5.28/SF) |
| Improvements Assessment | $1,248,346 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
134-461-34
Land Assessment
$351,899 (2025)
Improvements Assessment
$1,248,346 (2025)
Total Assessment
$1,600,245 (2025)
Annual Taxes
$60,988 ($5.28/SF)
Tax Year
2026
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OC “address-strength” & an escape from LA RSO | 3608 W Orange Ave
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