12-Unit Apartment
For Sale
Contact for pricing
1138-1142 N Mayfair Avenue, Anaheim, CA 92801
Two adjacent multifamily buildings provide uniform floor plans, private rear parking, and laundry hookups in every unit.
Property Size10,060 SF
Price / SF$453.28
Days on Market10
Property Features for 1138-1142 N Mayfair Avenue
General Information
Standard status
Active
Size
10,060 SF
Property subtype
Multifamily
Zoning
RM-4
Occupancy
100%
Net Operating Income
$229,207
Financials
Asking Price
$4,560,000
Gross Rent Multiplier
15.39
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Amenities
laundry hook-ups
covered carports
Building Details
Year Built
1957
Buildings
2
Stories
2
Units
12
Tenancy
Multi
Listing Agency:
Acreage Real Estate
(909) 233-8003
Listed By:
Kavita K. Bhatia · License #01895064
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 2:27PM
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 Acreage Real Estate
Investment Insights
Based on property information with market context.
This multifamily property comprises two adjacent six-unit apartment buildings on separate parcels, with 12 apartment units totaling 10,060 SF. Each residence is configured with two bedrooms and one bathroom, creating a consistent unit mix across the community. Laundry hookups are provided in every unit, and covered carports offer private rear parking; additional street parking is available. The buildings were constructed in 1957 and carry RM-4 zoning.
Located at 1138-1142 N. Mayfair Avenue in Anaheim, the property is approximately 1.5 miles from Interstate 5, 2.5 miles from State Route 91, and 4.5 miles from State Route 57. Anaheim Regional Medical Center is less than a quarter mile away and includes a 228-bed hospital with a 24 hrs. Emergency Room. The property is also approximately 3.5 miles from Downtown Anaheim and the Anaheim Packing District, with Disneyland Resort and Downtown Disney District approximately 4.5 miles away.
Located at 1138-1142 N. Mayfair Avenue in Anaheim, the property is approximately 1.5 miles from Interstate 5, 2.5 miles from State Route 91, and 4.5 miles from State Route 57. Anaheim Regional Medical Center is less than a quarter mile away and includes a 228-bed hospital with a 24 hrs. Emergency Room. The property is also approximately 3.5 miles from Downtown Anaheim and the Anaheim Packing District, with Disneyland Resort and Downtown Disney District approximately 4.5 miles away.
Key Highlights
- 12 apartment units across two adjacent six‑unit buildings
- 10,060 SF property on separate parcels
- All units feature 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,116,760
$3.1M
Cap Rate 7%
$2,226,257
$2.2M
Cap Rate 9%
$1,731,533
$1.7M
Market Conditions
NOI Build-Up for 10,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$295.8K $29.40/SF
− Vacancy
−$12.4K −$1.23/SF
EGI
$283.3K $28.17/SF
− OpEx
−$127.5K −$12.67/SF
NOI
$155.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,116,760
Cap Rate 7%
$2,226,257
Cap Rate 9%
$1,731,533
Alternative Uses
Best Use
Apartment 5plus
$2.23M
$1.95M – $2.60M
NOI $155,838 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,322 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Residential units
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent multifamily buildings provide uniform floor plans, private rear parking, and laundry hookups in every unit.
Where is this apartment building located?
The property is located at 1138-1142 N Mayfair Avenue Anaheim, CA.
What is the asking price?
The asking price for this property is $4,560,000.
What are key features of this property?
This property features: 12 apartment units across two adjacent six‑unit buildings; 10,060 SF property on separate parcels; All units feature 2 bedrooms and 1 bathroom
