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    Contiguous 8-Unit Apartment Buildings Title is generated by Realmo AI

    2127 East Almont Avenue, Anaheim, CA 92806

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    Two side-by-side 4-unit buildings with shared amenities, on-site garages, and partially separated utilities for an 8-unit investment.

    Type:Multifamily
    Property size:
    7,782 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $398/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:34 am

    Property Features for 2127 East Almont Avenue

    General Information

    Standard status
    Active
    Size
    7,782 SF
    Lot size
    0.42 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1964

    We can help!

    Listing Contact
    Tyler Leeson

    Listing agent Tyler Leeson License #CA 01451551

    Listing office Marcus & Millichap - Orange County

    Listing date Jun 2, 2026

    Source Crexi

    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

    HighLights

    • Two contiguous 4‑unit multifamily buildings (2127–2133 E Almont Ave) with 8 total units on a 0.42‑acre site
    • Built in 1964: each building has a consistent unit mix of two 1 bed/1 bath, one 2 bed/1 bath, and one 3 bed/2 bath unit
    • On‑site parking includes three 2‑car garages per building (6 garage spaces each; 12 total)
    • Shared amenities: spacious central courtyard, private patios, gated access, and two on‑site laundry facilities (one not currently in use)
    • Recent capital improvements include roof replacements in 2021 and 2022, a new sewer line at 2127 E Almont Ave in 2017, and Unit 2127 C renovated in 2026
    • Utilities are partially separated with electricity, gas, and trash billed separately; water and sewer remain master metered

    Overview

    This offering presents two contiguous 4-unit multifamily properties built in 1964, comprising a total of 8 apartments. Each building has a consistent unit mix: two 1-bed/1-bath units, one 2-bed/1-bath unit, and one 3-bed/2-bath unit. The buildings include three 2-car garages per property, for six garage parking spaces per building. Tenants enjoy a shared central courtyard, private patios, and gated access, along with two on-site laundry facilities, one per property; one laundry room is not currently in use.

    The properties are located in Southeast Anaheim with convenient freeway access and proximity to schools, parks, and major entertainment and employment drivers. The buildings share site amenities and operate as adjacent assets on a combined 0.42-acre site. Drive-by only; please do not walk the property or disturb residents.

    Recent capital improvements include roof replacements completed in 2021 and 2022, a new sewer line at 2127 East Almont Avenue in 2017, and the renovation of Unit 2127 C in 2026. Utilities are partially separated, with electricity, gas, and trash billed separately; water and sewer remain master metered. The adjacent configuration provides an investor with the scale of an 8-unit setup while maintaining the same unit mix across both buildings.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anaheim
    County
    Orange
    State
    California
    Longitude
    -117.8863987
    Latitude
    33.8197411

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    FAQs

    What type of property is this?
    Apartment building - Two side-by-side 4-unit buildings with shared amenities, on-site garages, and partially separated utilities for an 8-unit investment.
    Where is this apartment building located?
    The property is located at 2127 East Almont Avenue Anaheim, CA.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: Two contiguous 4‑unit multifamily buildings (2127–2133 E Almont Ave) with 8 total units on a 0.42‑acre site; Built in 1964: each building has a consistent unit mix of two 1 bed/1 bath, one 2 bed/1 bath, and one 3 bed/2 bath unit; On‑site parking includes three 2‑car garages per building (6 garage spaces each; 12 total)
    (949) 419-3200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tyler Leeson
    Real Estate License ID: CA 01451551
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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