12-Unit Apartment
1138 1142 N Mayfair, Anaheim, CA 92801
For Sale
$4,200,000
Two adjacent apartment buildings provide separately metered utilities and established residential occupancy.
Property Size10,060 SF
Price / SF$417.50
Days on Market100
Property Features for 1138 1142 N Mayfair
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Acreage Real Estate
Listed By:
GURJEET BHATIA · License CA #01895064
(909) 210-1570
Source:
Kottandco
Added: Aug 3
Changed: Nov 5
Last Checked: Nov 10 at 3:06PM
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
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Investment Insights
Based on property information with market context.
This multifamily property comprises two adjacent six-unit apartment buildings on separate parcels, with a combined building area of 10,060 square feet. Constructed in 1957, the buildings contain 12 apartment units and have residents who have remained in place for more than ten years. Gas and electricity are separately metered, with residents responsible for those services.
The property is located in central Anaheim, with access to Interstate 5 approximately 1.5 miles away, State Route 91 approximately 2.5 miles away, and State Route 57 approximately 4.5 miles away. The Anaheim Regional Medical Center is less than a quarter mile from the property and includes a 228-bed hospital with a 24-hour emergency room. Downtown Anaheim and the Anaheim Packing District are both approximately 3.5 miles away.
The property is located in central Anaheim, with access to Interstate 5 approximately 1.5 miles away, State Route 91 approximately 2.5 miles away, and State Route 57 approximately 4.5 miles away. The Anaheim Regional Medical Center is less than a quarter mile from the property and includes a 228-bed hospital with a 24-hour emergency room. Downtown Anaheim and the Anaheim Packing District are both approximately 3.5 miles away.
Key Highlights
- Two adjacent six‑unit apartment buildings on separate parcels
- 12 apartment units totaling 10,060 square feet
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,838
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
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
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 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 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,322 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Yes
Highway access
Yes
Utilities to site
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
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Market
Properties on Market for Apartment buildings in Anaheim
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent apartment buildings provide separately metered utilities and established residential occupancy.
Where is this apartment building located?
The property is located at 1138 1142 N Mayfair Anaheim, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Two adjacent six‑unit apartment buildings on separate parcels; 12 apartment units totaling 10,060 square feet; Built in 1957
