13-Unit Multifamily Apartment
704 S Webster Ave, Anaheim, CA 92804
For Sale
$4,300,000
RM-4-zoned apartment property with varied unit layouts, covered parking, storage cabinets, and on-site laundry.
Property Size11,562 SF
Lot Size0.49 Acres
Price / SF$371.91
Days on Market94
Property Features for 704 S Webster Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Amenities
on-site laundry
storage cabinets
Well maintained asset
Mostly two-bedroom units
Ample parking – 24 spaces
On-site laundry room
Landlord Friendly City – Anaheim is Subject to AB1482 and Allows Higher Rental Increase Amounts than the City of Los Angeles or Unincorporated Los Angeles County
Building Details
Building Size
Year Built
Units
Listing Agency:
Encino Office
Listed By:
Sev Keshishian · License #License(s): CA: 01887505
(818) 212-2694
Source:
Marcusmillichap
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 2:06AM
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 Encino Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 13-unit apartment property was built in 1978 and contains 11,562 square feet on a 21,344-square-foot lot. The unit mix includes four 1-bedroom/1-bath units, three 2-bedroom/1-bath units, and six 2-bedroom/2-bath units. Select residences have been renovated, including unit 3 as the most recently updated unit. On-site features include a laundry room, 14 storage cabinets, and 24 parking spaces comprising surface, covered, and private spaces.
The property is located at 704 S. Webster Avenue in Anaheim, west of S. Brookhurst Street and between W. Orange Avenue and W. Ball Road. Shopping centers, schools, and places of business are nearby. The asset is zoned RM-4 and is subject to the statewide AB 1482 provisions governing annual rent increases.
The property is located at 704 S. Webster Avenue in Anaheim, west of S. Brookhurst Street and between W. Orange Avenue and W. Ball Road. Shopping centers, schools, and places of business are nearby. The asset is zoned RM-4 and is subject to the statewide AB 1482 provisions governing annual rent increases.
Key Highlights
- 13‑unit apartment property totaling 11,562 square feet
- Unit mix includes 4 1bed/1bath, 3 2bed/1bath, and 6 2bed/2bath units
- 24 parking spaces: 8 surface, 13 covered, and 3 private
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,985
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,479,700
$3.5M
Cap Rate 7%
$2,485,500
$2.5M
Cap Rate 9%
$1,933,167
$1.9M
Market Conditions
NOI Build-Up for 11,562 SF
Gross rent
$333.0K $28.80/SF
− Vacancy
−$16.6K −$1.44/SF
EGI
$316.3K $27.36/SF
− OpEx
−$142.4K −$12.31/SF
NOI
$174.0K $15.05/SF
Area
ZIP 92804
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,479,700
Cap Rate 7%
$2,485,500
Cap Rate 9%
$1,933,167
Alternative Uses
Best Use
Apartment 5plus
$2.49M
$2.17M – $2.90M
NOI $173,985 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,291 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
763
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - RM-4-zoned apartment property with varied unit layouts, covered parking, storage cabinets, and on-site laundry.
Where is this apartment building located?
The property is located at 704 S Webster Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 13‑unit apartment property totaling 11,562 square feet; Unit mix includes 4 1bed/1bath, 3 2bed/1bath, and 6 2bed/2bath units; 24 parking spaces: 8 surface, 13 covered, and 3 private
