Anaheim Fourplex Near
For Sale
$1,475,000
608 W Bellevue, Anaheim, CA 92805
Spacious fourplex with eight bedrooms near Disneyland.
Property Size4,009 SF
Lot Size0.19 Acres
Price / SF$367.92
Days on Market103
Property Features for 608 W Bellevue
General Information
Standard status
Active
Size
4,009 SF
Lot size
0.19 Acres
Property subtype
Quadruplex
Building Details
Building Size
4,009 SF
Year Built
1958
Listing Agency:
Keller Williams Realty
(714) 861-5557
Listed By:
Elizabeth Do · License #01473012
Source:
Altamirarealty
Added: May 20
Changed: Aug 25
Last Checked: Aug 29 at 3:51PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This fourplex offers an investment opportunity with the potential to build generational wealth. The property features a total of 8 bedrooms and 4 bathrooms within 4,009 square feet of living space. Situated on an 8,196 square foot lot, the property includes 4 single-car attached garages and 5 additional parking spaces. Each of the four units has 2 bedrooms and one bathroom, and includes washer and dryer hook-ups. Each unit has separate gas and electric meters. The exterior includes desert landscaping and a grassy area. The property allows for an owner to occupy one unit while generating rental income from the others. Located minutes from Disneyland, the property is near shopping, dining, transportation, and major freeways.
Key Highlights
- Four‑plex investment property with potential for rental income and wealth generation.
- Each unit has 2 bedrooms and 1 bathroom with washer/dryer hookups.
- Four single‑car attached garages plus 5 additional parking spaces.
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
$71,815
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
4.87%
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%
$1,436,300
$1.4M
Cap Rate 7%
$1,025,929
$1.0M
Cap Rate 9%
$797,944
$797.9K
Market Conditions
NOI Build-Up for 4,009 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
$108.2K $27.00/SF
− Vacancy
−$5.7K −$1.41/SF
EGI
$102.6K $25.59/SF
− OpEx
−$30.8K −$7.68/SF
NOI
$71.8K $17.91/SF
Area
ZIP 92805
Vacancy
5.22%
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%
$1,436,300
Cap Rate 7%
$1,025,929
Cap Rate 9%
$797,944
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$897.7K – $1.20M
NOI $71,815 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$893.0K
$781.4K – $1.04M
NOI $62,510 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,709 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 92805, CA
74,633
Population
23,195
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
71%
High-School Grad
6.2 sq mi
ZIP Area
12,038
Density / Sq Mi
$85,623
Median Household Income
$38,180
Median Earnings
$2,045
Median Rent
$667,400
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 - Spacious fourplex with eight bedrooms near Disneyland.
Where is this quadplex located?
The property is located at 608 W Bellevue Anaheim, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Four‑plex investment property with potential for rental income and wealth generation.; Each unit has **2 bedrooms and 1 bathroom with washer/dryer hookups.**; Four single‑car attached garages plus 5 additional parking spaces.
