Two-Home Duplex
For Sale
$1,088,000
117 E Sycamore, Anaheim, CA 92805
Separate residences provide distinct entrances, laundry areas, and detached garages for flexible occupancy arrangements.
Property Size1,758 SF
Price / SF$618.89
Days on Market18
Property Features for 117 E Sycamore
General Information
Standard status
Active
Size
1,758 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$73,284
Building Details
Building Size
1,758 SF
Year Built
1918
Buildings
2
Listing Agency:
Compass
Listed By:
Tram Duong · License #02017579
Source:
Kottandco
Added: Aug 13
Changed: Aug 23
Last Checked: Aug 29 at 4:37PM
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 Compass
Investment Insights
Based on property information with market context.
This duplex offering comprises two detached residences on separate APNs at 117 E Sycamore and 117 1/2 E. Sycamore Street. Each home includes three bedrooms, one bathroom, a private entrance, a laundry area, and a detached garage. The combined property size is 1,758 square feet, and the residences were built in 1918.
The property is tenant-occupied and located near Downtown Anaheim, the Anaheim Packing District, Disneyland, Angel Stadium, shopping, dining, and major freeways. The two-home configuration supports separate occupancy while keeping both residences within one offering. Showings are available by appointment, and occupants should not be disturbed.
The property is tenant-occupied and located near Downtown Anaheim, the Anaheim Packing District, Disneyland, Angel Stadium, shopping, dining, and major freeways. The two-home configuration supports separate occupancy while keeping both residences within one offering. Showings are available by appointment, and occupants should not be disturbed.
Key Highlights
- Two detached homes included on two separate APNs
- Each residence has 3 bedrooms and 1 bathroom
- Combined property size of 1,758 square feet
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
$31,492
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
2.89%
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%
$629,840
$629.8K
Cap Rate 7%
$449,886
$449.9K
Cap Rate 9%
$349,911
$349.9K
Market Conditions
NOI Build-Up for 1,758 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
$47.5K $27.00/SF
− Vacancy
−$2.5K −$1.41/SF
EGI
$45.0K $25.59/SF
− OpEx
−$13.5K −$7.68/SF
NOI
$31.5K $17.91/SF
Area
ZIP 92805
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$629,840
Cap Rate 7%
$449,886
Cap Rate 9%
$349,911
Alternative Uses
Best Use
Multifamily LT 5
$449.9K
$393.7K – $524.9K
NOI $31,492 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$391.6K
$342.7K – $456.9K
NOI $27,412 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$536.9K
$469.8K – $626.4K
NOI $37,585 @ 7.0% cap · market cap 3.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 92805, CA
74,633
Population
23,195
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
71%
High-School Grad
6.2 sq mi
ZIP Area
12,038
Density / Sq Mi
$85,623
Median Household Income
$38,180
Median Earnings
$2,045
Median Rent
$667,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide distinct entrances, laundry areas, and detached garages for flexible occupancy arrangements.
Where is this duplex located?
The property is located at 117 E Sycamore Anaheim, CA.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Two detached homes included on two separate APNs; Each residence has 3 bedrooms and 1 bathroom; Combined property size of 1,758 square feet
