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An Escape from LA Rent Control & Red Tape! 3608 W Orange Ave 14 Unit Apartment Building $4,999,000 ($357,071/Unit) 5.21% Cap Rate Anaheim, CA 92804
Investment Highlights
- 1980-construction. Eight 1/1s and Six 2/2s.
- The units boast fireplaces and in-unit AC.
- IMMEDIATE RENT UPSIDE (2026 RENT INCREASES DUE IN 11 OF THE 14 UNITS).
- 3 Blocks to Cypress College.
- 2 building asset with ample parking on a massive 20K sq. ft. lot.
Executive Summary
Classic, 80's garden-style, walk-up apartment 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 ownership and professional management. Five units recently
rehabbed as well as a newer roof, put on a few years ago. A 'Steady Eddie' investment option for almost any Buyer-profile, particularly an "LA" owner
who wants to own in a much more Landlord-friendly city and county! Immediate rent upside (rent increases due) in 11 of the 14 units!
down the block, not to mention Cypress College. The property has thrived under long-term ownership and professional management. Five units recently
rehabbed as well as a newer roof, put on a few years ago. A 'Steady Eddie' investment option for almost any Buyer-profile, particularly an "LA" owner
who wants to own in a much more Landlord-friendly city and county! Immediate rent upside (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 |
$65,892
|
$5.71
|
| Total Expenses |
$126,880
|
$10.99
|
| Net Operating Income |
$260,521
|
$22.57
|
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 | $65,892 |
| Annual Per SF | $5.71 |
| Total Expenses | |
|---|---|
| Annual | $126,880 |
| Annual Per SF | $10.99 |
| Net Operating Income | |
|---|---|
| Annual | $260,521 |
| Annual Per SF | $22.57 |
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 | 5.21% | Building Size | 11,541 SF |
| Gross Rent Multiplier | 12.52 | Average Occupancy | 93% |
| 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 | 5.21% |
| 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 | 93% |
| 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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An Escape from LA Rent Control & Red Tape! | 3608 W Orange Ave