Updated Quadplex With
New
For Sale
$1,399,999
2360 W Greenacre Ave, Anaheim, CA 92801
Four residential units with remodeled interiors, enclosed garage parking, laundry facilities, and access to a neighborhood park.
Property Size3,820 SF
Days on Market4
Property Features for 2360 W Greenacre Ave
General Information
Standard status
Active
Size
3,820 SF
Total Parking Spaces
5
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
on-site laundry
Building Details
Building Size
3,820 SF
Year Built
1964
Buildings
1
Units
4
Listing Agency:
NextMove Real Estate
(562) 400-7004
Listed By:
Ray Fernandez · License #01895143
(562) 400-7004
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 7:22AM
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 NextMove Real Estate
Investment Insights
Based on property information with market context.
This Anaheim quadplex contains four two-bedroom, two-bath residences with functional layouts that include living rooms, dining areas, and wall-mounted air conditioning. Three units feature remodeled kitchens and bathrooms with granite countertops. The property also provides five enclosed garages, additional parking, and an on-site laundry room. One residence is currently vacant.
Positioned across from a neighborhood park, the property is near shopping, dining, schools, and freeway access. Electrical panels were installed in 2025, and the property complies with the City of Anaheim's Quality Rental Housing Program. The detached garages may be rented separately, while any addition of an ADU or unit above the garage structure would require city approval.
Positioned across from a neighborhood park, the property is near shopping, dining, schools, and freeway access. Electrical panels were installed in 2025, and the property complies with the City of Anaheim's Quality Rental Housing Program. The detached garages may be rented separately, while any addition of an ADU or unit above the garage structure would require city approval.
Key Highlights
- Four 2‑bedroom, 2‑bath units
- Three units with remodeled kitchens and bathrooms featuring granite countertops
- Five enclosed garages plus additional parking
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
$65,885
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
4.71%
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%
$1,317,700
$1.3M
Cap Rate 7%
$941,214
$941.2K
Cap Rate 9%
$732,056
$732.1K
Market Conditions
NOI Build-Up for 3,820 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
$98.6K $25.80/SF
− Vacancy
−$4.4K −$1.16/SF
EGI
$94.1K $24.64/SF
− OpEx
−$28.2K −$7.39/SF
NOI
$65.9K $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%
$1,317,700
Cap Rate 7%
$941,214
Cap Rate 9%
$732,056
Alternative Uses
Best Use
Multifamily LT 5
$941.2K
$823.6K – $1.10M
NOI $65,885 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$845.4K
$739.7K – $986.3K
NOI $59,175 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,180 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with remodeled interiors, enclosed garage parking, laundry facilities, and access to a neighborhood park.
Where is this quadplex located?
The property is located at 2360 W Greenacre Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath units; Three units with remodeled kitchens and bathrooms featuring granite countertops; Five enclosed garages plus additional parking
