Four-Unit Apartment
For Sale
$1,595,000
3227 W Cabot Drive, Anaheim, CA 92804
Four-unit apartment property built in 1964 on a residential street in Anaheim.
Days on Market92
Property Features for 3227 W Cabot Drive
General Information
Standard status
Active
Property subtype
Quadruplex
Building Details
Building Size
4,587 SF
Year Built
1964
Tenancy
Multi
Listing Agency:
Gorman & Associates
(714) 255-9998
Listed By:
Timothy Gorman · License #01929799
Source:
Altamirarealty
Added: Apr 30
Changed: Jul 30
Last Checked: Jul 30 at 8:20AM
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 Gorman & Associates
Investment Insights
Based on property information with market context.
Four-unit apartment building at 3227 W Cabot Drive, Anaheim, CA 92804, built in 1964. The property is configured as a 4-unit apartment, offering an owner the ability to manage operations across multiple units.
The building is situated on a residential street among similar multifamily properties. It’s positioned with close access to employment centers, shopping, dining, and major transportation corridors, supporting day-to-day convenience for residents.
This is a straightforward multifamily offering for buyers seeking a small-scale apartment asset with the foundational setup of a four-unit community and a defined year-built history.
The building is situated on a residential street among similar multifamily properties. It’s positioned with close access to employment centers, shopping, dining, and major transportation corridors, supporting day-to-day convenience for residents.
This is a straightforward multifamily offering for buyers seeking a small-scale apartment asset with the foundational setup of a four-unit community and a defined year-built history.
Key Highlights
- 4‑unit apartment building
- Built in 1964
- Residential street setting among similar multifamily properties
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 | $115.6k | $25.20 |
| − Vacancy | −$6.0k | −$1.31 |
| EGI | $109.6k | $23.89 |
| − OpEx | −$32.9k | −$7.17 |
| NOI | $76.7k | $16.72 |
4,587 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$958.8K – $1.28M
NOI $76,707 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$986.1K
$862.8K – $1.15M
NOI $69,025 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.44M
$1.26M – $1.67M
NOI $100,488 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 92804, CA
86,127
Population
25,451
Households
3.4
Avg Household Size
36
Median Age
23%
College-Educated
76%
High-School Grad
7.1 sq mi
ZIP Area
12,131
Density / Sq Mi
$74,588
Median Household Income
$36,945
Median Earnings
$1,990
Median Rent
$729,700
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 - Four-unit apartment property built in 1964 on a residential street in Anaheim.
Where is this quadplex located?
The property is located at 3227 W Cabot Drive Anaheim, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 4‑unit apartment building; Built in 1964; Residential street setting among similar multifamily properties
