1118-1124 N Mayfair Ave - Apartments FOR SALE


Anaheim, CA 92801- North Anaheim
$4,400,000 USD
714-713-9086
1118-1124 N Mayfair Ave, Anaheim, CA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/10
null | 4.86% Cap Rate

1118-1124 N Mayfair Ave
Anaheim, CA 92801
North Anaheim


HIGHLIGHTS

  • Two adjacent 8-unit buildings totaling 16 units, featuring a strong and highly marketable mix of 1 Bed/1 Bath & 2 Bed/1 Bath units.
  • Ownership has completed a series of recent capital improvements that enhance overall building systems.
  • New roofs installed in 2020 & 2025, new water heaters installed in 2020 & 2023, & updated landscaping in 20224.
  • Residents benefit from an abundant parking supply, including 12 garage spaces and 20 surface spaces.
  • Walking distance to AHMC Anaheim Regional Medical Center, one of Anaheim’s top ten employers, ensuring steady local housing demand.
  • Within one mile of major retail destinations along Euclid Street and Harbor Boulevard.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present 1118 - 1124 North Mayfair Avenue, a 16-unit multifamily property situated on two adjacent parcels, each improved with an 8-unit building. The property features a desirable unit mix of 14 one-bed/one-bath units and 2 two-bed/one-bath units, appealing to a broad renter base and driving consistent rental demand. Current ownership has completed recent capital improvements to key building systems and select interiors, helping to reduce near-term maintenance requirements and supporting stable operations. The property also offers ample parking with 12 garage spaces and 20 surface spaces, along with on-site laundry facilities that provide added convenience for residents. The property is located within walking distance of AHMC Anaheim Regional Medical Center, one of Anaheim’s largest employers. Residents also enjoy close proximity to major retail centers along Euclid Street and Harbor Boulevard, including Anaheim Plaza, Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center. 1118 - 1124 North Mayfair Avenue is ideally situated between Downtown Anaheim and Downtown Fullerton, providing convenient access to a wide variety of dining, entertainment, and nightlife options. In addition, State Route 91 and Interstate 5 are nearby, offering strong regional connectivity throughout Orange and Los Angeles Counties. This offering represents a compelling opportunity to acquire a stabilized asset with recent improvements, desirable unit layouts, and durable long-term income potential in a strong North Orange County rental market. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

16

PRICE/UNIT

$275,000

CAP RATE

4.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R3

APN/PARCEL ID

271-022-06,271-022-07

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.