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601 N Pauline St 8 Unit Apartment Building $2,350,000 ($293,750/Unit) 6.39% Cap Rate Anaheim, CA 92805
Investment Highlights
- Well-maintained 8-unit multifamily asset located in a strong Anaheim rental corridor
- Larger square foot 1-Bed / 1-Bath units and newer double pane vinyl windows
- Each unit includes private one-car garage parking, and additional street parking
- Desirable garden-style building with excellent curb appeal and efficient low-rise design
- Approximately 5,136 SF of rentable space situated on a sizeable ±0.23 AC lot
- Individually metered for gas and electricity, helping reduce owner utility expenses
Executive Summary
Mark Bridge at Matthews is pleased to present 601 N Pauline St, a prime multifamily investment opportunity located in the thriving Anaheim rental market. Built in 1961, the property consists of eight well-maintained 1-bedroom / 1-bathroom units totaling approximately 5,134 square feet on a ±0.23-acre lot. The property features a desirable low-rise garden-style layout with strong curb appeal and functional floor plans averaging approximately 640 square feet per unit.
Each unit includes its own living room, kitchen, and dedicated one-car garage parking, providing an attractive amenity package for tenants. Ownership benefits from separately metered gas and electric utilities, helping minimize operating expenses, while the on-site laundry facility with newer washers and dryers provide added tenant convenience and supplemental income potential. The property’s pitched roof design, newer hot water heater, ample parking, and well-maintained condition further contribute to its long-term investment appeal.
Ideally situated near Anaheim Boulevard and Lincoln Avenue, the property offers convenient access to major employment and entertainment destinations including the Anaheim Packing House, Disneyland, Honda Center, and Angel Stadium. Residents also enjoy close proximity to the 5, 57, and 91 Freeways, providing strong regional connectivity throughout Orange County and surrounding areas.
Mark Bridge - 949-681-8388 - Mark.Bridge@Matthews.com
Broker of Record - David Harrington License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
Each unit includes its own living room, kitchen, and dedicated one-car garage parking, providing an attractive amenity package for tenants. Ownership benefits from separately metered gas and electric utilities, helping minimize operating expenses, while the on-site laundry facility with newer washers and dryers provide added tenant convenience and supplemental income potential. The property’s pitched roof design, newer hot water heater, ample parking, and well-maintained condition further contribute to its long-term investment appeal.
Ideally situated near Anaheim Boulevard and Lincoln Avenue, the property offers convenient access to major employment and entertainment destinations including the Anaheim Packing House, Disneyland, Honda Center, and Angel Stadium. Residents also enjoy close proximity to the 5, 57, and 91 Freeways, providing strong regional connectivity throughout Orange County and surrounding areas.
Mark Bridge - 949-681-8388 - Mark.Bridge@Matthews.com
Broker of Record - David Harrington License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$210,516
|
$41.00
|
| Other Income |
$1,200
|
$0.23
|
| Vacancy Loss |
$6,315
|
$1.23
|
| Effective Gross Income |
$205,401
|
$40.01
|
| Taxes |
$26,696
|
$5.20
|
| Operating Expenses |
$28,448
|
$5.54
|
| Total Expenses |
$55,144
|
$10.74
|
| Net Operating Income |
$150,257
|
$29.27
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $210,516 |
| Annual Per SF | $41.00 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.23 |
| Vacancy Loss | |
|---|---|
| Annual | $6,315 |
| Annual Per SF | $1.23 |
| Effective Gross Income | |
|---|---|
| Annual | $205,401 |
| Annual Per SF | $40.01 |
| Taxes | |
|---|---|
| Annual | $26,696 |
| Annual Per SF | $5.20 |
| Operating Expenses | |
|---|---|
| Annual | $28,448 |
| Annual Per SF | $5.54 |
| Total Expenses | |
|---|---|
| Annual | $55,144 |
| Annual Per SF | $10.74 |
| Net Operating Income | |
|---|---|
| Annual | $150,257 |
| Annual Per SF | $29.27 |
Property Facts
| Price | $2,350,000 | Apartment Style | Garden |
| Price Per Unit | $293,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.39% | Building Size | 5,136 SF |
| Gross Rent Multiplier | 11.16 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.95/1,000 SF |
| Zoning | Multifamily - Multifamily | ||
| Price | $2,350,000 |
| Price Per Unit | $293,750 |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| Gross Rent Multiplier | 11.16 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,136 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | Multifamily - Multifamily |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Oven
- Range
Site Amenities
- Gated
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,193 | 642 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,681,566 | |
| Land Assessment | $1,351,257 | Annual Taxes | $26,696 ($5.20/SF) |
| Improvements Assessment | $330,309 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$1,351,257
Improvements Assessment
$330,309
Total Assessment
$1,681,566
Annual Taxes
$26,696 ($5.20/SF)
Tax Year
2025
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601 N Pauline St
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