1173 N Mayfair Ave - Apartments FOR SALE


Anaheim, CA 92801- North Anaheim
$1,970,000 USD
949-629-7640
1173 N Mayfair Ave, Anaheim, CA for Sale
$1,970,000 USD
Apartments - FOR SALE
1/7
null | 5.41% Cap Rate

1173 N Mayfair Ave
Anaheim, CA 92801
North Anaheim


HIGHLIGHTS

  • 5.4% Cap Rate on Current Rents
  • 67% Two Bedroom Units
  • Individual Water Heaters in Each Unit
  • New Electrical Panels, New Garage Doors, New Deck/Railings & Stairs, Irrigation and Landscaping
  • Prime Anaheim Location - About 2 Miles from the Anaheim Packing District

OVERVIEW

Presenting a well-maintained 6-unit apartment complex in the heart of Anaheim, ideally positioned on a prominent corner lot. The property features a desirable unit mix of (4) spacious two bedroom/one bathroom units and (2) one bedroom/one bathroom units, totaling 5,028 rentable square feet. Tenants benefit from convenient amenities including an on-site laundry facility, individual hot water heaters, six private garages, and two open parking spaces. The property currently generates a solid 5.4% CAP rate with clear upside in rental income as units turnover. Significant capital improvements have been completed, reducing future maintenance costs and boosting long-term value. Located in a strong rental market with close proximity to major employment centers, schools, and freeways, this asset offers investors stable income, long-term appreciation potential, and the ability to further enhance value through rental growth. Anaheim’s robust tenant demand and investor-friendly fundamentals make this an ideal addition to any multifamily portfolio.

FOR SALE DETAILS

PRICE

$1,970,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

6

PRICE/UNIT

$328,333

CAP RATE

5.41%

% 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

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RM1200, Anaheim

APN/PARCEL ID

271-011-02

ASK ABOUT THIS PROPERTY

Paul EspinosaMorgan-Skenderian Investment Real Estate GroupMore Info
949-629-7640

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Paul EspinosaMorgan-Skenderian Investment Real Estate GroupMore Info
949-629-7640

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