20-Unit Gated Apartment
1521 E Canfield, Anaheim, CA 92805
For Sale
$6,290,000
Residents have individual garages, plus access to a shared pool and on-site laundry facilities.
Property Size15,058 SF
Price / SF$417.72
Days on Market11
Property Features for 1521 E Canfield
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
gated
garages
pool
on-site laundry room
security cameras
1
1 Common Wall
2
Common Area
16-20 Units/Acre
false
Public
23522
20
0.54
Assessor
Assigned,Garage
15058
21
Building Details
Building Size
Year Built
Stories
Listing Agency:
Alliance Investment RE Group
(949) 683-6662
Listed By:
Ruben Khorsandi · License #01085411
(949) 250-0400
Source:
Maryclark
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 7 at 4:16PM
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 Alliance Investment RE Group
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Investment Insights
Based on property information with market context.
Montrose Villa is a gated, two-story apartment property with 20 homes in one- and two-bedroom layouts. The average unit measures approximately 752 square feet. Updates in many apartments include vinyl flooring, quartz counters with backsplashes, vanities and appliances; many units also have vinyl windows and wall-mounted air conditioning. The main electrical panels have been replaced. Residents have access to garages, a pool and an on-site laundry room.
Gas and electricity are individually metered, and residents pay the City of Anaheim directly for trash service. The property is less than a mile from entrances to the 91 and 57 freeways. California State University Fullerton and Fullerton College are both within three miles.
Gas and electricity are individually metered, and residents pay the City of Anaheim directly for trash service. The property is less than a mile from entrances to the 91 and 57 freeways. California State University Fullerton and Fullerton College are both within three miles.
Key Highlights
- 20 apartments in a gated, two‑story community
- One- and two‑bedroom floorplans averaging approximately 752 square feet
- Garages for each unit, a pool and an on‑site laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,792
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,695,840
$4.7M
Cap Rate 7%
$3,354,171
$3.4M
Cap Rate 9%
$2,608,800
$2.6M
Market Conditions
NOI Build-Up for 15,058 SF
Gross rent
$451.7K $30.00/SF
− Vacancy
−$24.8K −$1.65/SF
EGI
$426.9K $28.35/SF
− OpEx
−$192.1K −$12.76/SF
NOI
$234.8K $15.59/SF
Area
ZIP 92805
Vacancy
5.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,695,840
Cap Rate 7%
$3,354,171
Cap Rate 9%
$2,608,800
Alternative Uses
Best Use
Apartment 5plus
$3.35M
$2.93M – $3.91M
NOI $234,792 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.60M
$4.02M – $5.37M
NOI $321,928 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
20
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,308
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
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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 - Residents have individual garages, plus access to a shared pool and on-site laundry facilities.
Where is this apartment building located?
The property is located at 1521 E Canfield Anaheim, CA.
What is the asking price?
The asking price for this property is $6,290,000.
What are key features of this property?
This property features: 20 apartments in a gated, two‑story community; One- and two‑bedroom floorplans averaging approximately 752 square feet; Garages for each unit, a pool and an on‑site laundry room
