Managed-Association Triplex Near
For Sale
$1,350,000
2115 Broden Street, Anaheim, CA 92802
Three residential units with association-provided maintenance, utilities, and common-area services.
Property Size2,916 SF
Days on Market388
Property Features for 2115 Broden Street
General Information
Standard status
Active
Size
2,916 SF
Property subtype
Triplex
Net Operating Income
$73,380
Financials
Asking Price
$1,350,000
Cap Rate
5.36%
HOA Fee
$795
Taxes and HOA fees
Annual Taxes
$5,788
Building Details
Building Size
2,916 SF
Year Built
1964
Buildings
1
Tenancy
Multi
Listing Agency:
Investment Brokers O.C.
Listed By:
Rick Violett · License #00490471
Source:
Altamirarealty
Added: Sep 4, 2025
Changed: Sep 14
Last Checked: Sep 26 at 11:54AM
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 Investment Brokers O.C.
Investment Insights
Based on property information with market context.
This 3-unit triplex was built in 1964 and is located within a managed residential complex. The homeowners association handles insurance, grounds care, landscaping, patrol service, pool maintenance, laundry facilities, roofing, exterior painting and repairs, gates, fencing, walkways, utilities, and reserve-fund contributions. Current tenants submit rent electronically, while ownership’s primary stated responsibility is rent collection.
The property sits one short block east of Harbor Blvd and approximately one-half mile south of Disneyland. Major hotels, restaurants, and businesses are within a ten-minute walk, providing nearby employment access for residents. The Anaheim Convention Center, Angel Stadium, and UCI Medical Center are also identified in the surrounding area. The property is just east of Harbor Blvd and south of Orangewood.
The property sits one short block east of Harbor Blvd and approximately one-half mile south of Disneyland. Major hotels, restaurants, and businesses are within a ten-minute walk, providing nearby employment access for residents. The Anaheim Convention Center, Angel Stadium, and UCI Medical Center are also identified in the surrounding area. The property is just east of Harbor Blvd and south of Orangewood.
Key Highlights
- 3‑unit triplex built in 1964
- Homeowners association manages roofs, exterior repairs, landscaping, pool service, utilities, and common areas
- One short block east of Harbor Blvd and approximately one‑half mile south of Disneyland
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
$52,247
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
3.87%
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%
$1,044,940
$1.0M
Cap Rate 7%
$746,386
$746.4K
Cap Rate 9%
$580,522
$580.5K
Market Conditions
NOI Build-Up for 2,916 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
$78.7K $27.00/SF
− Vacancy
−$4.1K −$1.40/SF
EGI
$74.6K $25.60/SF
− OpEx
−$22.4K −$7.68/SF
NOI
$52.2K $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 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%
$1,044,940
Cap Rate 7%
$746,386
Cap Rate 9%
$580,522
Alternative Uses
Best Use
Multifamily LT 5
$746.4K
$653.1K – $870.8K
NOI $52,247 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$668.1K
$584.6K – $779.5K
NOI $46,770 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$883.3K
$772.9K – $1.03M
NOI $61,831 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,019
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
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units with association-provided maintenance, utilities, and common-area services.
Where is this triplex located?
The property is located at 2115 Broden Street Anaheim, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3‑unit triplex built in 1964; Homeowners association manages roofs, exterior repairs, landscaping, pool service, utilities, and common areas; One short block east of Harbor Blvd and approximately one‑half mile south of Disneyland
