Four-Unit
For Sale
$1,750,000
302 E Wakefield, Anaheim, CA 92802
Multifamily property with four individual units and a documented long-term rental history.
Property Size4,164 SF
Days on Market205
Property Features for 302 E Wakefield
General Information
Standard status
Active
Size
4,164 SF
Property subtype
Quadruplex
Building Details
Building Size
4,164 SF
Year Built
1968
Listing Agency:
Dynasty Real Estate
Listed By:
Gian Villapando · License #02053417
Source:
Altamirarealty
Added: Feb 6
Changed: Aug 30
Last Checked: Aug 30 at 1:24AM
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 Dynasty Real Estate
Investment Insights
Based on property information with market context.
This four-unit multifamily property was constructed in 1968 and provides approximately 4,160 sq ft of living space on an approximately 9500 sq ft lot. Each unit is individually configured, creating a classic quadplex layout with an established rental history. Tenants are in place, and property access is limited to drive-by viewing only.
The property is located near schools and major transportation routes in Anaheim, with the upcoming OCVibe entertainment district also identified nearby. Its location provides convenient access to area destinations while retaining a residential multifamily setting.
The property is located near schools and major transportation routes in Anaheim, with the upcoming OCVibe entertainment district also identified nearby. Its location provides convenient access to area destinations while retaining a residential multifamily setting.
Key Highlights
- Four individual units in a quadplex configuration
- Approximately 4,160 sq ft of living space
- Approximately 9500 sq ft lot
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
$74,607
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
4.26%
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%
$1,492,140
$1.5M
Cap Rate 7%
$1,065,814
$1.1M
Cap Rate 9%
$828,967
$829.0K
Market Conditions
NOI Build-Up for 4,164 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
$112.4K $27.00/SF
− Vacancy
−$5.8K −$1.40/SF
EGI
$106.6K $25.60/SF
− OpEx
−$32.0K −$7.68/SF
NOI
$74.6K $17.92/SF
Area
ZIP 92802
Vacancy
5.20%
Lease Rate
$27.00 /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%
$1,492,140
Cap Rate 7%
$1,065,814
Cap Rate 9%
$828,967
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$932.6K – $1.24M
NOI $74,607 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$954.1K
$834.8K – $1.11M
NOI $66,786 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,293 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
Explore this area
Business Placement
Demographics for 92802, CA
41,914
Population
12,724
Households
3.3
Avg Household Size
35
Median Age
20%
College-Educated
69%
High-School Grad
4.6 sq mi
ZIP Area
9,112
Density / Sq Mi
$83,621
Median Household Income
$36,788
Median Earnings
$1,985
Median Rent
$721,700
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 - Multifamily property with four individual units and a documented long-term rental history.
Where is this quadplex located?
The property is located at 302 E Wakefield Anaheim, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Four individual units in a quadplex configuration; Approximately 4,160 sq ft of living space; Approximately 9500 sq ft lot
