56-Unit Apartment
1540 E Canfield Lane, Anaheim, CA 92805
For Sale
$11,800,000
A mix of one- and two-bedroom residences is paired with a community pool and on-site laundry.
Property Size40,842 SF
Price / SF$288.92
Days on Market10
Property Features for 1540 E Canfield Lane
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Multifamily Units
Amenities
pool
on-site laundry
Building Details
Year Built
Listing Agency:
CB Richard Ellis,Inc.
Listed By:
Daniel Blackwell
(949) 423-6111
Source:
Sevengables
Added: Oct 29
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
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 CB Richard Ellis,Inc.
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Investment Insights
Based on property information with market context.
This 40,842-square-foot apartment property in Anaheim contains 56 units, with one- and two-bedroom layouts. Residents have access to a community pool and an on-site laundry room. The property was built in 1969 and has received recent capital improvements.
The asset is located at 1540 E Canfield Lane in Anaheim, California. Its current cap rate is 5.32%.
The asset is located at 1540 E Canfield Lane in Anaheim, California. Its current cap rate is 5.32%.
Key Highlights
- 56 apartments with one- and two‑bedroom layouts
- 40,842 square feet
- Current cap rate of 5.32%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$636,829
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,736,580
$12.7M
Cap Rate 7%
$9,097,557
$9.1M
Cap Rate 9%
$7,075,878
$7.1M
Market Conditions
NOI Build-Up for 40,842 SF
Gross rent
$1.23M $30.00/SF
− Vacancy
−$67.4K −$1.65/SF
EGI
$1.16M $28.35/SF
− OpEx
−$521.0K −$12.76/SF
NOI
$636.8K $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%
$12,736,580
Cap Rate 7%
$9,097,557
Cap Rate 9%
$7,075,878
Alternative Uses
Best Use
Apartment 5plus
$9.10M
$7.96M – $10.61M
NOI $636,829 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.47M
$10.91M – $14.55M
NOI $873,169 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
56
Residential units
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
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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 - A mix of one- and two-bedroom residences is paired with a community pool and on-site laundry.
Where is this apartment building located?
The property is located at 1540 E Canfield Lane Anaheim, CA.
What is the asking price?
The asking price for this property is $11,800,000.
What are key features of this property?
This property features: 56 apartments with one- and two‑bedroom layouts; 40,842 square feet; Current cap rate of 5.32%
