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Residential Income Property with Patio
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2585 E Ward, Anaheim, CA 92806

Anaheim, CA

Property Size675 SF
Lot Size0.01 Acres
Price / SF$3.15
Days on Market3

Property Features for 2585 E Ward

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Laundry Room, Bathroom 1, Bedroom 1
Parking 1
Parking features Garage
Subdivision Anaridge III (ANAR)
Lot features 2-5 Units/ Acre
Elementary school district Anaheim Union High
Middle school district Anaheim Union High
High school district Anaheim Union High
Directions Lincoln North on Sunkist right on Ward terrace
Standard status Active
APN 26810114
Size 675 SF
Lot size 0.01 Acres

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Window Unit(s), Wall/Window Unit(s)
Water source Public

Amenities

common laundry room
private patio

Building Details

Year built 1968
Floors in Building 1
Number of units 4
Listing Agency: WEBHOMESREALTY
Listed By: Mark Johnson · License #01108085
Added: Oct 30 Last Checked: Nov 1 at 5:06AM
MLS# CV26234306

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.

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Investment Insights

Based on property information with market context.

This 675-square-foot residence has one bedroom and one bathroom, with a private patio and a detached one-car garage. Interior features include a remodeled kitchen and bathroom, granite countertops, fresh paint, and easy-care flooring. Central heating is installed, with window or wall/window cooling. The property was built in 1968.

Residents have access to a common laundry room. Public water and public sewer serve the property, which is located at 2585 E Ward in Anaheim, California.

Key Highlights

  • 675‑square‑foot residence with one bedroom and one bathroom
  • Private patio and detached one‑car garage
  • Remodeled kitchen and bathroom with granite countertops

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$10,820
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,400 $216.4K
Cap Rate 7%
$154,571 $154.6K
Cap Rate 9%
$120,222 $120.2K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$20.5K $30.36/SF
− Vacancy
−$820 −$1.21/SF
EGI
$19.7K $29.15/SF
− OpEx
−$8.9K −$13.12/SF
NOI
$10.8K $16.03/SF
Area
ZIP 92806
Vacancy
4.00%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,400
Cap Rate 7%
$154,571
Cap Rate 9%
$120,222

Alternative Uses

Best Use
Apartment 5plus
$154.6K
$135.3K – $180.3K (±1% cap)
NOI $10,820 @ 7.0% cap · market cap 509.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.3K
$189.3K – $252.4K (±1% cap)
NOI $15,144 @ 7.0% cap · market cap 712.66%
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
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Lease Details

1
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Residential income property - A 675-square-foot, one-bedroom home in a community of single-story residences includes garage parking and shared laundry.
Where is this residential income property located?
The property is located at 2585 E Ward Anaheim, CA.
What are key features of this property?
This property features: 675‑square‑foot residence with one bedroom and one bathroom; Private patio and detached one‑car garage; Remodeled kitchen and bathroom with granite countertops
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