Anaheim Multifamily Investment
For Sale
Contact for pricing
1804 W Glen Ave, Anaheim, CA 92801
Four-unit multifamily property in a convenient Anaheim location.
Property Size3,470 SF
Price / SF$439.48
Days on Market150
Property Features for 1804 W Glen Ave
General Information
Standard status
Active
Size
3,470 SF
Property subtype
Multifamily
Net Operating Income
$58,221
Building Details
Year Built
1962
Buildings
1
Stories
1
Units
4
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3200
Listed By:
Tyler Leeson · License #CA 01451551
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 8 at 2:32PM
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 four-unit multifamily property, constructed in 1962, is located at 1804 West Glen Avenue in Anaheim, California. The property features a 100% single-story layout, with four two-bedroom/two-bathroom units. Each residence includes a private outdoor patio. The property also offers five single-car garages, providing secure off-street parking for residents. The location is within walking distance of Servite High School and Anaheim Regional Medical Center. Anaheim Plaza, featuring major national retailers including Walmart and Ulta Beauty, is located less than one mile from the property. Residents have quick access to both Interstate 5 and State Route 91, allowing convenient commutes throughout Orange County as well as neighboring employment centers in Los Angeles and Riverside Counties. The property size is 3470 square feet.
Key Highlights
- Four 2‑bedroom/2‑bathroom units in a 100% single‑story layout, appealing to long‑term tenants and reducing maintenance.
- Convenient Anaheim location near Servite High School and Anaheim Regional Medical Center, ensuring consistent rental demand.
- Private outdoor patios for each unit, enhancing tenant appeal with functional outdoor living space.
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
$59,848
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
3.92%
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%
$1,196,960
$1.2M
Cap Rate 7%
$854,971
$855.0K
Cap Rate 9%
$664,978
$665.0K
Market Conditions
NOI Build-Up for 3,470 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
$89.5K $25.80/SF
− Vacancy
−$4.0K −$1.16/SF
EGI
$85.5K $24.64/SF
− OpEx
−$25.6K −$7.39/SF
NOI
$59.8K $17.25/SF
Area
ZIP 92801
Vacancy
4.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,196,960
Cap Rate 7%
$854,971
Cap Rate 9%
$664,978
Alternative Uses
Best Use
Multifamily LT 5
$855.0K
$748.1K – $997.5K
NOI $59,848 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$767.9K
$671.9K – $895.9K
NOI $53,753 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.11M
$967.2K – $1.29M
NOI $77,375 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
Explore this area
Business Placement
Demographics for 92801, CA
63,163
Population
19,519
Households
3.2
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
6.3 sq mi
ZIP Area
10,026
Density / Sq Mi
$78,477
Median Household Income
$37,516
Median Earnings
$1,977
Median Rent
$632,600
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?
Quadplex - Four-unit multifamily property in a convenient Anaheim location.
Where is this quadplex located?
The property is located at 1804 W Glen Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Four 2‑bedroom/2‑bathroom units in a 100% single‑story layout, appealing to long‑term tenants and reducing maintenance.; Convenient Anaheim location near Servite High School and Anaheim Regional Medical Center, ensuring consistent rental demand.; Private outdoor patios for each unit, enhancing tenant appeal with functional outdoor living space.
