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    Midway City Garden-Style Apartment Complex Title is generated by Realmo AI

    15121 Van Buren St, Midway City, CA 92655

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    Single-story apartment complex in Midway City with attractive landscaping.

    Type:Multifamily
    Property size:
    7,776 SF
    Price / SF:
    $462/SF
    Added:
    Feb 2, 2026
    Days on Market:
    99
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 15121 Van Buren St

    General Information

    Standard status
    Active
    Size
    7,776 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    Mark Bridge

    Listing agent Mark Bridge License #01316702

    Listing office Matthews

    Listing date Feb 2, 2026

    Source Crexi

    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 Matthews

    HighLights

    • Prime location near I‑405 and Beach Blvd, offering convenient access to retail, entertainment, parks, and schools.
    • 100% single‑story complex in the strong Midway City rental market with excellent curb appeal.
    • Well‑maintained property with newer double pane vinyl windows, pitched shingle roofs, and concrete parking surfaces.
    • Beautifully landscaped grounds with white rose bushes and gated pedestrian access.
    • Separately metered for gas and electricity, with individual water heaters and upgraded electrical subpanels in each unit.
    • On‑site laundry facility for residents.

    Overview

    This garden-style apartment complex is located in the Midway City rental market. The property features sixteen studios and two one-bedroom, one-bathroom units. The grounds are landscaped and include gated pedestrian entry. The building's exterior includes double-pane vinyl windows, pitched shingle roofs, and concrete parking surfaces. Each unit is separately metered for gas and electricity and has its own hot water heater and security screen door. Upgraded electrical subpanels have been installed in all units. An on-site laundry facility is available for residents. The property is located near Beach Blvd and the 405 Freeway, providing access to Costco Wholesale, Whole Foods Market, Target, Bella Terra, Old World Village, Harbor Freight, Star View Elementary School, Leo Carrillo Elementary School, Vista View Middle School, Park West, and Russell C Paris Park. The complex has curb appeal, courtyard fountains, and additional street parking.
    Location Intelligence

    Current Use by Public Records

    Liberty First Air ... HVAC Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midway City
    County
    Orange
    State
    California
    Longitude
    -117.986385
    Latitude
    33.742936

    Nearby Similar for Sale

    • $2,600,000

      Midway City Four-Unit Townhomes

      Fully occupied four-unit townhome property in Midway City, California.
      14891 Van Buren, Midway City, CA 92655
      View Details
    • $1,875,000

      Four Units on Corner Lot

      Four units with income and development potential on corner lot.
      14851 Adams Street, Midway City, CA 92655
      View Details

    FAQs

    What type of property is this?
    Apartment building - Single-story apartment complex in Midway City with attractive landscaping.
    Where is this apartment building located?
    The property is located at 15121 Van Buren St Midway City, CA.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: Prime location near I‑405 and Beach Blvd, offering convenient access to retail, entertainment, parks, and schools.; 100% single‑story complex in the strong Midway City rental market with excellent curb appeal.; Well‑maintained property with newer double pane vinyl windows, pitched shingle roofs, and concrete parking surfaces.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Bridge
    Real Estate License ID: 01316702
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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