Stabilized 14-Unit Apartment
For Sale
Contact for pricing
1774-1780 W Juno Ave, Anaheim, CA 92804
Two adjacent 7-unit apartment buildings totaling 14 units with dual-pane windows, security doors, on-site laundry, and garage parking.
Property Size9,134 SF
Price / SF$437.38
Days on Market220
Property Features for 1774-1780 W Juno Ave
General Information
Standard status
Active
Size
9,134 SF
Total Parking Spaces
14
Property subtype
Multifamily
Net Operating Income
$236,918
Additional Details
Highway Access
Yes
Multifamily Units
14
Amenities
on-site laundry facilities
Building Details
Year Built
1960
Buildings
2
Stories
2
Units
14
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Tyler Leeson · License #CA 01451551
(949) 419-3200
Source:
Crexi
Added: Jan 30
Changed: Aug 31
Last Checked: Sep 5 at 7:04PM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
This offering features a stabilized 14-unit multifamily property comprising two adjacent parcels, each improved with a 7-unit apartment building. The unit mix includes eight one-bedroom/one-bath units and six two-bedroom/one-bath units. Residents benefit from dual-pane windows and security doors, along with two on-site laundry facilities.
The property also provides ample enclosed parking, with 14 garage spaces in a combination of two-car and single-car garages. Management is in place and the offering is described as professionally managed with in-place rents at or near current market levels.
For viewing, please note the instruction: drive by only and do not walk the property or disturb residents. The address is 1774–1780 W Juno Ave, Anaheim, CA 92804.
The property also provides ample enclosed parking, with 14 garage spaces in a combination of two-car and single-car garages. Management is in place and the offering is described as professionally managed with in-place rents at or near current market levels.
For viewing, please note the instruction: drive by only and do not walk the property or disturb residents. The address is 1774–1780 W Juno Ave, Anaheim, CA 92804.
Key Highlights
- 14‑unit multifamily property (two adjacent 7‑unit buildings) at 1774–1780 West Juno Avenue
- Unit mix: 8 one‑bed/one‑bath units and 6 two‑bed/one‑bath units
- Year built: 1960
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
$137,448
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
3.44%
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%
$2,748,960
$2.7M
Cap Rate 7%
$1,963,543
$2.0M
Cap Rate 9%
$1,527,200
$1.5M
Market Conditions
NOI Build-Up for 9,134 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
$263.1K $28.80/SF
− Vacancy
−$13.2K −$1.44/SF
EGI
$249.9K $27.36/SF
− OpEx
−$112.5K −$12.31/SF
NOI
$137.4K $15.05/SF
Area
ZIP 92804
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$2,748,960
Cap Rate 7%
$1,963,543
Cap Rate 9%
$1,527,200
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,448 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,100 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 92804, CA
86,127
Population
25,451
Households
3.4
Avg Household Size
36
Median Age
23%
College-Educated
76%
High-School Grad
7.1 sq mi
ZIP Area
12,131
Density / Sq Mi
$74,588
Median Household Income
$36,945
Median Earnings
$1,990
Median Rent
$729,700
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?
Apartment building - Two adjacent 7-unit apartment buildings totaling 14 units with dual-pane windows, security doors, on-site laundry, and garage parking.
Where is this apartment building located?
The property is located at 1774-1780 W Juno Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 14‑unit multifamily property (two adjacent 7‑unit buildings) at 1774–1780 West Juno Avenue; Unit mix: 8 one‑bed/one‑bath units and 6 two‑bed/one‑bath units; Year built: 1960
