Renovated Fourplex with
For Sale
$1,645,000
2153 W Brownwood, Anaheim, CA 92801
Single-story multifamily property with updated interiors and exteriors, on-site laundry, outdoor areas, and dedicated parking.
Property Size4,359 SF
Days on Market47
Property Features for 2153 W Brownwood
General Information
Standard status
Active
Size
4,359 SF
Total Parking Spaces
6
Property subtype
Investment
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/1.25BA
Multifamily Units
4
Amenities
laundry room
balconies
Building Details
Building Size
4,359 SF
Year Built
1964
Stories
2
Units
4
Listing Agency:
World Realty
Listed By:
Antoine Bui · License #01106784
(714) 262-3425
Source:
Elliman
Added: Jul 18
Changed: Aug 30
Last Checked: Aug 31 at 3:39PM
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 World Realty
Investment Insights
Based on property information with market context.
This single-story fourplex has undergone interior and exterior renovations across all four units. Unit 1 includes 3 bedrooms and 2 bathrooms, while Units 2, 3, and 4 each offer 2 bedrooms and 1.25 bathrooms. Additional walls and doors create den areas in Units 2, 3, and 4 that are used as third bedrooms. Wall-mounted air conditioning and heating units serve each residence.
The property includes five carports and one open parking space, for 6 total parking spaces. Unit 1 and Unit 2 have yards, while Units 3 and 4 feature balconies. An on-site laundry room serves the property, and the grounds include recently installed landscaping and white vinyl fencing.
The address is near freeways 5 and 91, a shopping center, Anaheim Walk, colleges, Home Depot, Starbucks, Disneyland, and Knots Berry Farm Park.
The property includes five carports and one open parking space, for 6 total parking spaces. Unit 1 and Unit 2 have yards, while Units 3 and 4 feature balconies. An on-site laundry room serves the property, and the grounds include recently installed landscaping and white vinyl fencing.
The address is near freeways 5 and 91, a shopping center, Anaheim Walk, colleges, Home Depot, Starbucks, Disneyland, and Knots Berry Farm Park.
Key Highlights
- Four‑unit property with renovated interiors and exteriors across all units
- Unit 1 has 3 bedrooms and 2 bathrooms
- Units 2, 3, and 4 each have 2 bedrooms and 1.25 bathrooms
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
$75,181
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
4.57%
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%
$1,503,620
$1.5M
Cap Rate 7%
$1,074,014
$1.1M
Cap Rate 9%
$835,344
$835.3K
Market Conditions
NOI Build-Up for 4,359 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
$112.5K $25.80/SF
− Vacancy
−$5.1K −$1.16/SF
EGI
$107.4K $24.64/SF
− OpEx
−$32.2K −$7.39/SF
NOI
$75.2K $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%
$1,503,620
Cap Rate 7%
$1,074,014
Cap Rate 9%
$835,344
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$939.8K – $1.25M
NOI $75,181 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$964.6K
$844.1K – $1.13M
NOI $67,525 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,199 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,499
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Single-story multifamily property with updated interiors and exteriors, on-site laundry, outdoor areas, and dedicated parking.
Where is this quadplex located?
The property is located at 2153 W Brownwood Anaheim, CA.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: Four‑unit property with renovated interiors and exteriors across all units; Unit 1 has 3 bedrooms and 2 bathrooms; Units 2, 3, and 4 each have 2 bedrooms and 1.25 bathrooms
