4-Unit Quadplex with Attached
For Sale
$1,475,000
608 W Bellevue, Anaheim, CA 92805
Anaheim, CA
Property Size4,009 SF
Lot Size0.19 Acres
Price / SF$367.92
Days on Market114
Property Features for 608 W Bellevue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 5, Bedroom 6, Bathroom 3, Bathroom 4, Laundry Room, Bedroom 4
Parking
9
Subdivision
Other (OTHR)
Lot features
0-1 Unit/ Acre
Directions
W. South St. & S. Citron St.
Standard status
Active
APN
25112116
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
desert landscaping
grassy area
washer/dryer hook-ups
Building Details
Year built
1958
Floors in Building
2
Number of units
4
Listing Agency:
Keller Williams Realty
(714) 861-5500
Listed By:
Elizabeth Do · License #01473012
(714) 861-5557
Added: May 9
Changed: Aug 28
Last Checked: Aug 30 at 12:06AM
MLS# OC26107829
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.
Investment Insights
Based on property information with market context.
This 4-unit quadplex contains 8 bedrooms and 4 bathrooms across 4,009 square feet of living space. Each residence is configured with 2 bedrooms and 1 bathroom, plus washer and dryer hookups and separate gas and electric meters. The property was built in 1958 and includes four single-car attached garages, five additional parking spaces, desert landscaping, and a grassy exterior area.
The property occupies an 8,196-square-foot lot, equivalent to 0.1882 acres, in Anaheim, CA 92805. Public water and public sewer serve the site. The location is described as just minutes from Disneyland, with shopping, dining, transportation options, and major freeways nearby.
The four-unit layout also supports owner occupancy of one residence while the remaining units are used as rentals, as stated in the property information.
The property occupies an 8,196-square-foot lot, equivalent to 0.1882 acres, in Anaheim, CA 92805. Public water and public sewer serve the site. The location is described as just minutes from Disneyland, with shopping, dining, transportation options, and major freeways nearby.
The four-unit layout also supports owner occupancy of one residence while the remaining units are used as rentals, as stated in the property information.
Key Highlights
- 4‑unit quadplex with 8 bedrooms and 4 bathrooms
- 4,009 square feet of living space on an 8,196‑square‑foot lot
- Each unit offers 2 bedrooms, 1 bathroom, and washer and dryer hookups
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
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units include private laundry hookups and separate gas and electric meters.
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: 4‑unit quadplex with 8 bedrooms and 4 bathrooms; 4,009 square feet of living space on an 8,196‑square‑foot lot; Each unit offers 2 bedrooms, 1 bathroom, and washer and dryer hookups
