Contiguous 8-Unit Apartment
2127 East Almont Avenue Anaheim, CA 92806
2127 East Almont Avenue, Anaheim, CA, 92806
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For Sale
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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.
Property Size7,782 SF
Lot Size0.42 Acres
Price / SF$398.36
Days on Market48
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
Listing Agency
Marcus & Millichap - Orange County
(949) 419-3200
Listed by
Tyler Leeson · License #CA 01451551
Source
Crexi
Added: Jun 2 Checked: Jul 17 at 10:04 am
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 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.
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.
Key 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)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $236.3k | $30.36 |
| − Vacancy | −$9.5k | −$1.21 |
| EGI | $226.8k | $29.15 |
| − OpEx | −$102.1k | −$13.12 |
| NOI | $124.7k | $16.03 |
7,782 SF · lease $30.36/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,746 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,591 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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)
