225 South Knott Avenue, Anaheim, CA 92804

Building Details

Year Built 1966 More

Construction garden-style More

Listing Agency: Northmarq

Listed By: Peter Hauser · License CA #00856966 Show Phone

Source: Crexi

Added: Oct 2 Changed: Nov 8 Last Checked: Nov 10 at 5:54AM

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Investment Insights

Based on property information with market context.

Built in 1966, this garden-style apartment property contains 48 residences across approximately 42,818 square feet on about 1.7 acres. The floor plan mix comprises 37 one-bedroom, one-bath units; one two-bedroom, one-bath unit; five two-bedroom, two-bath units; two two-bedroom, two-bath townhouse-style units; two three-bedroom, two-bath units; and one oversized three-bedroom, two-bath townhouse-style residence. Single-level layouts and townhouse configurations are represented, with direct-access garages serving some homes.

The property is located at 225 South Knott Avenue in Anaheim, California.

Key Highlights

• 48 residential units on approximately 1.7 acres
• Approximately 42,818 square feet of building area; constructed in 1966
• Unit mix includes 37 one‑bedroom, one‑bath residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$644,325

Cap Rate

4.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,886,500 $12.9M

Cap Rate 7%

$9,204,643 $9.2M

Cap Rate 9%

$7,159,167 $7.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 42,818 SF

Gross rent

$1.23M $28.80/SF

− Vacancy

−$61.7K −$1.44/SF

EGI

$1.17M $27.36/SF

− OpEx

−$527.2K −$12.31/SF

NOI

$644.3K $15.05/SF

Area

ZIP 92804

Vacancy

5.00%

Lease Rate

$28.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,886,500

Cap Rate 7%

$9,204,643

Cap Rate 9%

$7,159,167

Alternative Uses

Best Use

Apartment 5plus

$9.20M

$8.05M – $10.74M (±1% cap)

NOI $644,325 @ 7.0% cap · market cap 4.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$13.40M

$11.73M – $15.63M (±1% cap)

NOI $938,022 @ 7.0% cap · market cap 6.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

48

Residential units

Location Intelligence

Trade Area within ½ mile

791

Businesses Nearby

Explore this area Business Placement

Demographics for 92804, CA

86,127

Population

25,451

Households

3.4

Avg Household Size

36

Median Age

23%

College-Educated

76%

High-School Grad

7.1 sq mi

ZIP Area

12,131

Density / Sq Mi

$74,588

Median Household Income

$36,945

Median Earnings

$1,990

Median Rent

$729,700

Median Home Value

Market

Properties on Market for Apartment buildings in Anaheim

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - A varied residential mix includes single-level homes and townhouse configurations, some with direct-access garages.

Where is this apartment building located?

The property is located at 225 South Knott Avenue Anaheim, CA.

What is the asking price?

The asking price for this property is $14,500,000.

What are key features of this property?

This property features: 48 residential units on approximately 1.7 acres; Approximately 42,818 square feet of building area; constructed in 1966; Unit mix includes 37 one‑bedroom, one‑bath residences