Anaheim Multifamily Property For
For Sale
$4,195,000
1118 N Mayfair Ave, Anaheim, CA 92801
16-unit multifamily property with recent improvements and desirable unit layouts.
Property Size10,578 SF
Days on Market205
Property Features for 1118 N Mayfair Ave
General Information
Standard status
Active
Size
10,578 SF
Property subtype
Multifamily
Amenities
DUAL-PARCEL 16-UNIT PROPERTY WITH DESIRABLE UNIT MIX
RECENT CAPITAL IMPROVEMENTS
AMPLE PARKING & ON-SITE LAUNDRY
WALKABLE ACCESS TO KEY EMPLOYERS
ACCESS TO RETAIL & DAILY CONVENIENCES
CENTRAL POSITION BETWEEN TWO DOWNTOWNS
EXCELLENT REGIONAL CONNECTIVITY
Building Details
Building Size
10,578 SF
Units
16
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Christian Tait · License #License(s): CA: 02111248
(949) 419-3282
Source:
Marcusmillichap
Added: Apr 3
Changed: Oct 23
Last Checked: Oct 24 at 1:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 1118 - 1124 North Mayfair Avenue is a 16-unit multifamily property situated on two adjacent parcels, each improved with an 8-unit building. The unit mix features 14 one-bed/one-bath units and 2 two-bed/one-bath units. Recent capital improvements have been completed to key building systems and select interiors. There are 12 garage spaces and 20 surface spaces for parking, along with on-site laundry facilities. The property is located within walking distance of AHMC Anaheim Regional Medical Center and close to major retail centers along Euclid Street and Harbor Boulevard, including Anaheim Plaza, Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center. Situated between Downtown Anaheim and Downtown Fullerton, the property provides convenient access to dining, entertainment, and nightlife options. State Route 91 and Interstate 5 are nearby, offering regional connectivity throughout Orange and Los Angeles Counties. This property offers a stabilized asset with recent improvements and long-term income potential.
Key Highlights
- Stabilized 16‑unit multifamily property with recent capital improvements.
- Desirable unit mix featuring fourteen 1‑bed/1‑bath and two 2‑bed/1‑bath units.
- Ample parking with 12 garage and 20 surface spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,862
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,277,240
$3.3M
Cap Rate 7%
$2,340,886
$2.3M
Cap Rate 9%
$1,820,689
$1.8M
Market Conditions
NOI Build-Up for 10,578 SF
Gross rent
$311.0K $29.40/SF
− Vacancy
−$13.1K −$1.23/SF
EGI
$297.9K $28.17/SF
− OpEx
−$134.1K −$12.67/SF
NOI
$163.9K $15.49/SF
Area
ZIP 92801
Vacancy
4.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,277,240
Cap Rate 7%
$2,340,886
Cap Rate 9%
$1,820,689
Alternative Uses
Best Use
Apartment 5plus
$2.34M
$2.05M – $2.73M
NOI $163,862 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,872 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
Explore this area
Business Placement
Demographics for 92801, CA
63,163
Population
19,519
Households
3.2
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
6.3 sq mi
ZIP Area
10,026
Density / Sq Mi
$78,477
Median Household Income
$37,516
Median Earnings
$1,977
Median Rent
$632,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit multifamily property with recent improvements and desirable unit layouts.
Where is this apartment building located?
The property is located at 1118 N Mayfair Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: Stabilized 16‑unit multifamily property with recent capital improvements.; Desirable unit mix featuring fourteen 1‑bed/1‑bath and two 2‑bed/1‑bath units.; Ample parking with 12 garage and 20 surface spaces.
