Fourplex with Private
New
For Sale
$1,595,000
2318 W Greenacre, Anaheim, CA 92801
Four two-bedroom apartments each include two bathrooms and separate laundry facilities.
Property Size3,810 SF
Days on Market6
Property Features for 2318 W Greenacre
General Information
Standard status
Active
Size
3,810 SF
Property subtype
Quadruplex
Property Condition
Severity
Repairs Needed
Evidence
very little exterior deferred maintenance
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
separate laundry
balcony/patio
Building Details
Building Size
3,810 SF
Year Built
1964
Buildings
1
Listing Agency:
First Team Real Estate
Listed By:
Chris Skawinski · License #01309752
(949) 759-5747
Source:
Altamirarealty
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 1:38AM
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 First Team Real Estate
Investment Insights
Based on property information with market context.
This 1964 fourplex contains four two-bedroom, two-bathroom apartments. Each residence has a private front balcony or patio, and the property includes separate laundry facilities. A newer roof and limited exterior deferred maintenance are also noted.
Located in Anaheim, the property offers access to shopping, dining, entertainment, and freeways.
Located in Anaheim, the property offers access to shopping, dining, entertainment, and freeways.
Key Highlights
- Four apartments, each with 2 bedrooms and 2 bathrooms
- Private front balcony or patio for each residence
- Separate laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,712
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,240
$1.3M
Cap Rate 7%
$938,743
$938.7K
Cap Rate 9%
$730,133
$730.1K
Market Conditions
NOI Build-Up for 3,810 SF
Gross rent
$98.3K $25.80/SF
− Vacancy
−$4.4K −$1.16/SF
EGI
$93.9K $24.64/SF
− OpEx
−$28.2K −$7.39/SF
NOI
$65.7K $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 Rate 5%
$1,314,240
Cap Rate 7%
$938,743
Cap Rate 9%
$730,133
Alternative Uses
Best Use
Multifamily LT 5
$938.7K
$821.4K – $1.10M
NOI $65,712 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$843.1K
$737.8K – $983.7K
NOI $59,020 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,957 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,476
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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Four two-bedroom apartments each include two bathrooms and separate laundry facilities.
Where is this quadplex located?
The property is located at 2318 W Greenacre Anaheim, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 2 bathrooms; Private front balcony or patio for each residence; Separate laundry facilities
