Garden-Style Walk-Up Apartment
3608 W ORANGE AVE Anaheim, CA 92804
3608 W ORANGE AVE, Anaheim, CA, 92804
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For Sale
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Classic 1980s walk-up apartment community with recent unit rehabs and a newer roof, containing 14 total units.
Property Size11,541 SF
Price / SF$433.15
Days on Market21
Property Features for 3608 W ORANGE AVE
General Information
- Standard status
- Active
- Size
- 11,541 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agency
CBRE - South Bay
Listed by
Brice W. Head, MBA · License #CA 01330706
Source
Crexi
Added: Jul 1 Updated: Jul 20 at 8:32PM Checked: Jul 20 at 8:32PM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This classic 1980s garden-style, walk-up apartment property is configured as a 14-unit multifamily community. Recent improvements include rehabbed units, with five units recently rehabbed. The property also has a newer roof installed a few years ago, supporting ongoing operations under long-term ownership and professional management.
The property is described as highly walkable to nearby schools, including Orangeview Junior High School across the street and Holder Elementary down the block, as well as Cypress College. The offering notes that rent increases are available in 11 of the 14 units.
The property is described as highly walkable to nearby schools, including Orangeview Junior High School across the street and Holder Elementary down the block, as well as Cypress College. The offering notes that rent increases are available in 11 of the 14 units.
Key Highlights
- Classic 1980s garden‑style, walk‑up apartment property (built in 1980) with 14 total units
- Five units recently rehabbed
- Newer roof installed a few years ago
Local Financial Insights For Apartment 5plus
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 | $332.4k | $28.80 |
| − Vacancy | −$16.6k | −$1.44 |
| EGI | $315.8k | $27.36 |
| − OpEx | −$142.1k | −$12.31 |
| NOI | $173.7k | $15.05 |
11,541 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.48M
$2.17M – $2.89M
NOI $173,669 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,831 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Classic 1980s walk-up apartment community with recent unit rehabs and a newer roof, containing 14 total units.
Where is this apartment building located?
The property is located at 3608 W ORANGE AVE Anaheim, CA.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: Classic 1980s garden‑style, walk‑up apartment property (built in 1980) with 14 total units; Five units recently rehabbed; Newer roof installed a few years ago
