Four-Unit Apartment
1516 W Juno, Anaheim, CA 92802
For Sale
New
$1,395,000
The single-story property combines two unit layouts with garage parking, private patios, and an unused laundry area.
Property Size2,952 SF
Lot Size0.19 Acres
Price / SF$472.56
Days on Market1
Property Features for 1516 W Juno
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Average Monthly Rent
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
garage parking
private patios
on-site laundry
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Kirklen Investment Group
Listed By:
Paul Banke · License CA #02113308
(909) 373-6071
Source:
Elliman
Added: Nov 10
Last Checked: Nov 10 at 2:14PM
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 Kirklen Investment Group
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Investment Insights
Based on property information with market context.
Built in 1958, this single-story apartment property contains four residences across 2,952 square feet. The mix includes two one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. Garage parking and private patios serve the residences, while a laundry room is currently unused. Each unit has separate gas and electric meters. The parcel measures 8,454 square feet.
The property is at 1516 W Juno Avenue in Anaheim, with access to the 1-5 freeway. Disneyland, Downtown Anaheim, the Platinum Triangle, and employment centers are identified nearby. Loara High School is also nearby, and Ball Junior High School is within walking distance. WalkScore is 78, BikeScore is 55, and TransitScore is 35.
The building has been owned by the same seller for nearly 50 years. The unused laundry area could be equipped with washer and dryer units, as described in the property information.
The property is at 1516 W Juno Avenue in Anaheim, with access to the 1-5 freeway. Disneyland, Downtown Anaheim, the Platinum Triangle, and employment centers are identified nearby. Loara High School is also nearby, and Ball Junior High School is within walking distance. WalkScore is 78, BikeScore is 55, and TransitScore is 35.
The building has been owned by the same seller for nearly 50 years. The unused laundry area could be equipped with washer and dryer units, as described in the property information.
Key Highlights
- Four units: two 1‑bedroom/1‑bathroom and two 2‑bedroom/1‑bathroom residences
- 2,952‑square‑foot, single‑story building on an 8,454‑square‑foot lot
- Built in 1958; each residence is separately metered for gas and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,892
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,840
$1.1M
Cap Rate 7%
$755,600
$755.6K
Cap Rate 9%
$587,689
$587.7K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$79.7K $27.00/SF
− Vacancy
−$4.1K −$1.40/SF
EGI
$75.6K $25.60/SF
− OpEx
−$22.7K −$7.68/SF
NOI
$52.9K $17.92/SF
Area
ZIP 92802
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,840
Cap Rate 7%
$755,600
Cap Rate 9%
$587,689
Alternative Uses
Best Use
Multifamily LT 5
$755.6K
$661.2K – $881.5K
NOI $52,892 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$676.4K
$591.8K – $789.1K
NOI $47,347 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$894.2K
$782.4K – $1.04M
NOI $62,594 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Explore this area
Business Placement
Demographics for 92802, CA
41,914
Population
12,724
Households
3.3
Avg Household Size
35
Median Age
20%
College-Educated
69%
High-School Grad
4.6 sq mi
ZIP Area
9,112
Density / Sq Mi
$83,621
Median Household Income
$36,788
Median Earnings
$1,985
Median Rent
$721,700
Median Home Value
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Market
Properties on Market for Quadplexes in Anaheim
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The single-story property combines two unit layouts with garage parking, private patios, and an unused laundry area.
Where is this quadplex located?
The property is located at 1516 W Juno Anaheim, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Four units: two 1‑bedroom/1‑bathroom and two 2‑bedroom/1‑bathroom residences; 2,952‑square‑foot, single‑story building on an 8,454‑square‑foot lot; Built in 1958; each residence is separately metered for gas and electricity
