Triplex with Private Patios and
For Sale
$1,300,000
142 N La Plaza, Anaheim, CA 92805
1955-built Anaheim triplex offering three units with in-kitchen laundry hookups, private outdoor space, and attached one-car garages.
Property Size2,592 SF
Lot Size0.21 Acres
Days on Market39
Property Features for 142 N La Plaza
General Information
Standard status
Active
Size
2,592 SF
Total Parking Spaces
6
Lot size
0.21 Acres
Property subtype
Residential Income
Net Operating Income
$53,479
Amenities
Suburban
Building Details
Building Size
2,592 SF
Year Built
1955
Buildings
1
Stories
1
Tenancy
Multi
Listed By:
Brandon Mungai
(714) 454-3930
Source:
Evrealestate
Added: Jul 27
Changed: Aug 23
Last Checked: Sep 2 at 1:17PM
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 Brandon Mungai
Investment Insights
Based on property information with market context.
This Anaheim triplex was built in 1955 and offers three residential units with in-kitchen laundry hookups and private outdoor space. Unit 1 features a 2 bed, 1 bath layout with in-kitchen laundry hookups and a private patio. Unit 2 offers a 1 bed, 1 bath layout with in-kitchen laundry hookups and a private patio. Unit 3 provides a spacious 2 bed, 1 bath configuration with in-kitchen laundry hookups and a private backyard.
Each unit includes a one-car garage plus one parking space in front of the garage. The property sits on an approximately 9,148 SF lot in a quiet cul-de-sac setting and includes off-street parking.
BikeScore is 65 (bikeable) and walkScore is 78 (very walkable). transitScore is 39 (some transit). The property is minutes from Disneyland, Downtown Anaheim, and major freeway access.
Each unit includes a one-car garage plus one parking space in front of the garage. The property sits on an approximately 9,148 SF lot in a quiet cul-de-sac setting and includes off-street parking.
BikeScore is 65 (bikeable) and walkScore is 78 (very walkable). transitScore is 39 (some transit). The property is minutes from Disneyland, Downtown Anaheim, and major freeway access.
Key Highlights
- Three‑unit triplex built in 1955
- Unit 1: 2 bed, 1 bath with private patio and in‑kitchen laundry hookups
- Unit 2: 1 bed, 1 bath with private patio and in‑kitchen laundry hookups
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
$46,432
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
3.57%
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%
$928,640
$928.6K
Cap Rate 7%
$663,314
$663.3K
Cap Rate 9%
$515,911
$515.9K
Market Conditions
NOI Build-Up for 2,592 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
$70.0K $27.00/SF
− Vacancy
−$3.7K −$1.41/SF
EGI
$66.3K $25.59/SF
− OpEx
−$19.9K −$7.68/SF
NOI
$46.4K $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%
$928,640
Cap Rate 7%
$663,314
Cap Rate 9%
$515,911
Alternative Uses
Best Use
Multifamily LT 5
$663.3K
$580.4K – $773.9K
NOI $46,432 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$577.4K
$505.2K – $673.6K
NOI $40,416 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$791.6K
$692.7K – $923.6K
NOI $55,415 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,281
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
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Frequently Asked Questions
What type of property is this?
Triplex - 1955-built Anaheim triplex offering three units with in-kitchen laundry hookups, private outdoor space, and attached one-car garages.
Where is this triplex located?
The property is located at 142 N La Plaza Anaheim, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1955; Unit 1: 2 bed, 1 bath with private patio and in‑kitchen laundry hookups; Unit 2: 1 bed, 1 bath with private patio and in‑kitchen laundry hookups
