Remodeled Fourplex With
2321 E Omega Avenue Anaheim, CA 92806
2321 E Omega Avenue, Anaheim, CA, 92806
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For Sale
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Turnkey Covington-style fourplex built in 1972 with fully renovated units, in-unit washer/dryer hookups, and dedicated garage parking.
Property Size4,345 SF
Price / SF$437.05
Days on Market69
Property Features for 2321 E Omega Avenue
General Information
- Standard status
- Active
- Size
- 4,345 SF
- Property subtype
- Multifamily
Listing agency
Matthews
(949) 474-4004
Listed by
Mark Bridge · License #01316702
Source
Crexi
Added: May 15 Updated: Jul 21 at 7:35PM Checked: Jul 21 at 7:35PM
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 Matthews
Investment Insights
Based on property information with market context.
2321 E Omega Avenue is a remodeled fourplex built in 1972, totaling 4,345 square feet, with renovations completed in 2024–2025. The property features a Covington-style layout and an owner unit mix that includes a 3-bedroom, 2-bath owners residence with a private patio and direct-access two-car garage. There are also two 2-bedroom, 2-bath units, each with its own garage, and an updated 2-bedroom, 1-bath upper unit with a private balcony.
Each unit has been upgraded with modern finishes, including quartz countertops, stainless steel appliances, new cabinetry, updated bathrooms, laminate flooring, recessed lighting, and in-unit washer and dryer hookup capability. Parking is provided via dedicated garage spaces plus additional onsite spaces.
Set on a prominent corner lot with only one neighboring building, the property is designed to support privacy and natural light, with each residence offering a private outdoor space in the form of a patio, yard, or balcony.
Each unit has been upgraded with modern finishes, including quartz countertops, stainless steel appliances, new cabinetry, updated bathrooms, laminate flooring, recessed lighting, and in-unit washer and dryer hookup capability. Parking is provided via dedicated garage spaces plus additional onsite spaces.
Set on a prominent corner lot with only one neighboring building, the property is designed to support privacy and natural light, with each residence offering a private outdoor space in the form of a patio, yard, or balcony.
Key Highlights
- Covington‑style fourplex built in 1972 with 4,345 SF and a unit mix: 1 owners unit plus 3 additional 2BD units
- Fully renovated in 2024–2025 with updated kitchens and baths, quartz countertops, stainless steel appliances, new cabinetry, and laminate flooring
- In‑unit washer and dryer hookups in each residence, plus recessed lighting and updated finishes throughout
Local Financial Insights For Multifamily LT 5
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 | $112.1k | $25.80 |
| − Vacancy | −$5.0k | −$1.16 |
| EGI | $107.1k | $24.64 |
| − OpEx | −$32.1k | −$7.39 |
| NOI | $74.9k | $17.25 |
4,345 SF · lease $25.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$936.8K – $1.25M
NOI $74,940 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$995.0K
$870.6K – $1.16M
NOI $69,651 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,481 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Turnkey Covington-style fourplex built in 1972 with fully renovated units, in-unit washer/dryer hookups, and dedicated garage parking.
Where is this quadplex located?
The property is located at 2321 E Omega Avenue Anaheim, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Covington‑style fourplex built in 1972 with 4,345 SF and a unit mix: 1 owners unit plus 3 additional 2BD units; Fully renovated in 2024–2025 with updated kitchens and baths, quartz countertops, stainless steel appliances, new cabinetry, and laminate flooring; In‑unit washer and dryer hookups in each residence, plus recessed lighting and updated finishes throughout
