8-Unit Apartment Property with
625 701 W Provential Drive W, Anaheim, CA 92805
For Sale
$3,590,000
Two fourplexes provide private yards, separate metering, tenant garages, and an on-site laundry facility.
Property Size7,884 SF
Days on Market1171
Property Features for 625 701 W Provential Drive W
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry facility
common area lawn
back yards
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Americal Realty
Listed By:
Nathan Abbott · License CA #00792694
(626) 485-7280
Source:
Velocityrealtysd
Added: Sep 1, 2023
Changed: Nov 5
Last Checked: Nov 12 at 3:19PM
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 Americal Realty
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Investment Insights
Based on property information with market context.
This apartment property combines two fourplex buildings at 625 W Provential Drive and 701 W Provential Drive, totaling 8 units. The buildings were constructed in 1961, and most units have been renovated. Each residence includes a backyard, while private garages serve the tenants. Separate utility metering is in place across the units.
The fourplexes face one another across a shared lawn area, creating a defined common space between the buildings. An on-site laundry facility is available, with the equipment leased. All units are occupied under month-to-month leases. The property is subject to State of California Rent Control and is not subject to local rent control.
The fourplexes face one another across a shared lawn area, creating a defined common space between the buildings. An on-site laundry facility is available, with the equipment leased. All units are occupied under month-to-month leases. The property is subject to State of California Rent Control and is not subject to local rent control.
Key Highlights
- 8 total units across two fourplex buildings
- Most units have been renovated
- Private tenant garages and individual backyards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,931
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,458,620
$2.5M
Cap Rate 7%
$1,756,157
$1.8M
Cap Rate 9%
$1,365,900
$1.4M
Market Conditions
NOI Build-Up for 7,884 SF
Gross rent
$236.5K $30.00/SF
− Vacancy
−$13.0K −$1.65/SF
EGI
$223.5K $28.35/SF
− OpEx
−$100.6K −$12.76/SF
NOI
$122.9K $15.59/SF
Area
ZIP 92805
Vacancy
5.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,458,620
Cap Rate 7%
$1,756,157
Cap Rate 9%
$1,365,900
Alternative Uses
Best Use
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $122,931 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,554 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,450
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Anaheim
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two fourplexes provide private yards, separate metering, tenant garages, and an on-site laundry facility.
Where is this apartment building located?
The property is located at 625 701 W Provential Drive W Anaheim, CA.
What is the asking price?
The asking price for this property is $3,590,000.
What are key features of this property?
This property features: 8 total units across two fourplex buildings; Most units have been renovated; Private tenant garages and individual backyards
