6-Unit Apartment
For Sale
$2,125,000
1142 N Mayfair Ave, Anaheim, CA 92801
Two-bedroom residences offer laundry hookups, covered rear parking, and separately metered gas and electricity.
Property Size5,029 SF
Days on Market57
Property Features for 1142 N Mayfair Ave
General Information
Standard status
Active
Size
5,029 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Amenities
laundry hook-ups
covered carports
Building Details
Building Size
5,029 SF
Year Built
1957
Units
6
Listing Agency:
KB Real Estate
Listed By:
GURJEET BHATIA · License #01895064
(909) 210-1570
Source:
Elliman
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 6 at 8:44AM
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 KB Real Estate
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Investment Insights
Based on property information with market context.
This 6-unit apartment property, built in 1957, contains six two-bedroom, one-bath residences. Each unit includes laundry hookups, while covered carports provide private rear parking; additional street parking is available. Gas and electricity are separately metered to the residences. Many occupants have remained for more than ten years, providing an established tenancy profile. The property is also offered with a potential purchase of the neighboring property at 1138 N. Mayfair Ave.
The Anaheim location is less than a quarter mile from Anaheim Regional Medical Center, a 228-bed hospital with a 24 hrs. Emergency Room. Regional access includes I-5 Fwy at ±1.5 miles, 91 Fwy at ±2.5 miles, and the 57 Fwy at ±4.5 miles. Anaheim Packing District and Downtown Anaheim are both approximately ±3.5 miles away, while Disneyland Resort and Downtown Disney District are approximately ±4.5 miles away.
The Anaheim location is less than a quarter mile from Anaheim Regional Medical Center, a 228-bed hospital with a 24 hrs. Emergency Room. Regional access includes I-5 Fwy at ±1.5 miles, 91 Fwy at ±2.5 miles, and the 57 Fwy at ±4.5 miles. Anaheim Packing District and Downtown Anaheim are both approximately ±3.5 miles away, while Disneyland Resort and Downtown Disney District are approximately ±4.5 miles away.
Key Highlights
- 6‑unit apartment property with six 2‑bedroom, 1‑bath residences
- Built in 1957; many residents have occupied their units for more than ten years
- Laundry hookups in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,904
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,080
$1.6M
Cap Rate 7%
$1,112,914
$1.1M
Cap Rate 9%
$865,600
$865.6K
Market Conditions
NOI Build-Up for 5,029 SF
Gross rent
$147.9K $29.40/SF
− Vacancy
−$6.2K −$1.23/SF
EGI
$141.6K $28.17/SF
− OpEx
−$63.7K −$12.67/SF
NOI
$77.9K $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%
$1,558,080
Cap Rate 7%
$1,112,914
Cap Rate 9%
$865,600
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$973.8K – $1.30M
NOI $77,904 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,139 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
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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Cap Rate, Value Estimation, Potential NOI and more
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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-bedroom residences offer laundry hookups, covered rear parking, and separately metered gas and electricity.
Where is this apartment building located?
The property is located at 1142 N Mayfair Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: 6‑unit apartment property with six 2‑bedroom, 1‑bath residences; Built in 1957; many residents have occupied their units for more than ten years; Laundry hookups in every unit
