Four-Unit Apartment
New
For Sale
$1,775,000
2552 E Terrace, Anaheim, CA 92806
Anaheim, CA
Property Size4,634 SF
Lot Size0.19 Acres
Price / SF$383.04
Days on Market2
Property Features for 2552 E Terrace
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 7, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 7, Laundry Room, Bedroom 9, Bathroom 6, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Parking
5
Parking features
Garage
Window features
Double Pane Windows
Fireplace
1
Subdivision
Other (OTHR)
Lot features
Level with Street, Lot 6500-9999, Level
Directions
Miraloma West to Miraloma Way, to Terrace
Standard status
Active
APN
34402307
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1969
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
NextHome Pacific Estates · Keller Williams Realty
(714) 584-2700
Listed By:
Chad Langseth · License #00993554
(714) 524-2423
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 4 at 4:06AM
MLS# PW26192951
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,634-square-foot quadplex on a 0.19-acre parcel contains four distinct residences: one three-bedroom, two-bath unit with an owner-style layout, two two-bedroom, two-bath apartments, and a two-bedroom, one-bath townhouse-style unit. Interior and exterior features include a fireplace, vaulted living-room ceilings, patios or balconies, enclosed garages, and laundry hookups in three residences. A separate on-site laundry room provides additional utility. The building was constructed in 1969 and has forced-air heat, central air, a composition roof, public water, and public sewer.
The property is located in Anaheim near access to the 57 and 91 freeways, with shopping and restaurants nearby. Disneyland, Angel Stadium, and the Honda Center are also in the surrounding area, and the property borders Fullerton.
The property is located in Anaheim near access to the 57 and 91 freeways, with shopping and restaurants nearby. Disneyland, Angel Stadium, and the Honda Center are also in the surrounding area, and the property borders Fullerton.
Key Highlights
- Four‑unit layout with one 3‑bedroom/2‑bath, two 2‑bedroom/2‑bath, and one 2‑bedroom/1‑bath residence
- Approximately 4,634 sq. ft. on a 0.19‑acre parcel
- Private patios, balconies, and enclosed patios across the unit mix
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
$79,924
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
4.50%
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%
$1,598,480
$1.6M
Cap Rate 7%
$1,141,771
$1.1M
Cap Rate 9%
$888,044
$888.0K
Market Conditions
NOI Build-Up for 4,634 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
$119.6K $25.80/SF
− Vacancy
−$5.4K −$1.16/SF
EGI
$114.2K $24.64/SF
− OpEx
−$34.3K −$7.39/SF
NOI
$79.9K $17.25/SF
Area
ZIP 92806
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%
$1,598,480
Cap Rate 7%
$1,141,771
Cap Rate 9%
$888,044
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$999.1K – $1.33M
NOI $79,924 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$1.06M
$928.5K – $1.24M
NOI $74,283 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $103,965 @ 7.0% cap · market cap 5.86%
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
1,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 92806, CA
40,649
Population
13,144
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,112
Median Household Income
$44,212
Median Earnings
$2,234
Median Rent
$791,200
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 - The property combines varied apartment layouts with private outdoor areas, garage parking, and multiple laundry hookups.
Where is this quadplex located?
The property is located at 2552 E Terrace Anaheim, CA.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Four‑unit layout with one 3‑bedroom/2‑bath, two 2‑bedroom/2‑bath, and one 2‑bedroom/1‑bath residence; Approximately 4,634 sq. ft. on a 0.19‑acre parcel; Private patios, balconies, and enclosed patios across the unit mix
