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7852 1st St 8 Unit Apartment Building $2,375,000 ($296,875/Unit) 4.06% Cap Rate Stanton, CA 90680
Investment Highlights
- First time on the market in over 40 years, offering a rare opportunity to acquire a well-maintained 8-unit asset in a central Orange County location.
- Favorable parking ratio with 8 single-car garages and 2 surface spaces, providing strong tenant convenience in a supply-constrained parking market.
- Renovated unit achieving premium rent demonstrates clear upside potential through continued interior upgrades across the remaining units.
- 8 two-bedroom/one-bath units across 7,006 rentable square feet, offering a simple and highly desirable unit mix with broad & consistent renter appeal.
- Recent capital improvements include new vinyl windows, garage doors, exterior paint, lighting, & a repaved driveway, along with a newer roof (2018/19)
- Vacant renovated unit provides immediate lease-up opportunity, allowing a new owner to capture market rent from day one.
Executive Summary
Marcus & Millichap is pleased to present 7852 1st Street, an 8-unit multifamily investment opportunity in Stanton, California.
Built in 1972, the property features a unit mix of 8 two-bedroom/one-bath units, offering broad and consistent renter appeal across 7,006 rentable square feet. The property provides a favorable parking configuration, with 8 single-car garages complemented by 2 surface spaces. Each unit also benefits from private outdoor space, with ground-floor units offering patios and second-floor units featuring balconies.
Ownership has made consistent capital investments into the property over time. Recent improvements include new vinyl windows and garage doors (2023), a repaved driveway (2023), new security doors, updated exterior lighting, and fresh exterior paint. Additionally, the roof was replaced in 2018/2019, and SB-721 balcony work has been completed.
Regarding interior improvements, Unit #2 was remodeled in 2021 and is currently achieving the highest in-place rent at the property, clearly demonstrating the rental premium achievable through interior upgrades. Unit #5 has also been recently renovated (2025/2026) and is currently vacant, presenting immediate lease-up upside for a new owner. The remaining units provide a clear opportunity to implement a similar renovation program over time.
Overall, 7852 1st Street combines a well-maintained physical asset with a simple, proven unit mix and a clear path to improved income, within a central Orange County location.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Built in 1972, the property features a unit mix of 8 two-bedroom/one-bath units, offering broad and consistent renter appeal across 7,006 rentable square feet. The property provides a favorable parking configuration, with 8 single-car garages complemented by 2 surface spaces. Each unit also benefits from private outdoor space, with ground-floor units offering patios and second-floor units featuring balconies.
Ownership has made consistent capital investments into the property over time. Recent improvements include new vinyl windows and garage doors (2023), a repaved driveway (2023), new security doors, updated exterior lighting, and fresh exterior paint. Additionally, the roof was replaced in 2018/2019, and SB-721 balcony work has been completed.
Regarding interior improvements, Unit #2 was remodeled in 2021 and is currently achieving the highest in-place rent at the property, clearly demonstrating the rental premium achievable through interior upgrades. Unit #5 has also been recently renovated (2025/2026) and is currently vacant, presenting immediate lease-up upside for a new owner. The remaining units provide a clear opportunity to implement a similar renovation program over time.
Overall, 7852 1st Street combines a well-maintained physical asset with a simple, proven unit mix and a clear path to improved income, within a central Orange County location.
*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 |
$170,700
|
$24.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,121
|
$0.73
|
| Effective Gross Income |
$165,579
|
$23.63
|
| Taxes |
$27,168
|
$3.88
|
| Operating Expenses |
$42,025
|
$6.00
|
| Total Expenses |
$69,193
|
$9.88
|
| Net Operating Income |
$96,386
|
$13.76
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $170,700 |
| Annual Per SF | $24.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,121 |
| Annual Per SF | $0.73 |
| Effective Gross Income | |
|---|---|
| Annual | $165,579 |
| Annual Per SF | $23.63 |
| Taxes | |
|---|---|
| Annual | $27,168 |
| Annual Per SF | $3.88 |
| Operating Expenses | |
|---|---|
| Annual | $42,025 |
| Annual Per SF | $6.00 |
| Total Expenses | |
|---|---|
| Annual | $69,193 |
| Annual Per SF | $9.88 |
| Net Operating Income | |
|---|---|
| Annual | $96,386 |
| Annual Per SF | $13.76 |
Property Facts Under Contract
| Price | $2,375,000 | Apartment Style | Low-Rise |
| Price Per Unit | $296,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 4.06% | Building Size | 7,006 SF |
| Gross Rent Multiplier | 13.91 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,375,000 |
| Price Per Unit | $296,875 |
| Sale Type | Investment |
| Cap Rate | 4.06% |
| Gross Rent Multiplier | 13.91 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 7,006 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.43/1,000 SF |
Amenities
Unit Amenities
- Balcony
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 875 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 079-241-04 | Total Assessment | $233,896 (2025) |
| Land Assessment | $35,141 (2025) | Annual Taxes | $27,168 ($3.88/SF) |
| Improvements Assessment | $198,755 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
079-241-04
Land Assessment
$35,141 (2025)
Improvements Assessment
$198,755 (2025)
Total Assessment
$233,896 (2025)
Annual Taxes
$27,168 ($3.88/SF)
Tax Year
2026 Payable 2026
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7852 1st St
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