44-Unit Apartment Building with
808 W Anaheim St, Los Angeles, CA 90744
For Sale
$7,500,000
Residents have controlled entry, on-site laundry, and garage parking in a 1987-built multifamily property.
Property Size23,524 SF
Days on Market10
Property Features for 808 W Anaheim St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Amenities
laundry facilities
controlled access
Excellent opportunity to acquire a mid-size 1987 construction asset with a strong going-in cap rate and low price per unit
44-Unit apartment complex with all one-bed/one-bath units, laundry facilities, controlled access, and ample parking
Substantial Recent Improvements: Building boasts a new roof, new landscaping, new exterior paint, and updated elevated decks and walkways that have cleared SB721 inspection (buyer to verify)
Adjacent to a 50-Unit Development Project: Construction is underway on the 50-unit Safe Harbor project
Redeveloping Coastal Rental Submarket: Substantial public investment has been made to improve the L.A. waterfront in Wilmington and create new public spaces that may drive long-term growth and improve desirability
Building Details
Building Size
Year Built
Units
Listed By:
Bogie Bogoyevac
(424) 405-3826
Source:
Marcusmillichap
Added: Nov 6
Changed: Nov 14
Last Checked: Nov 14 at 6:43AM
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 Bogie Bogoyevac
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Investment Insights
Based on property information with market context.
This 44-unit apartment property at 808 W Anaheim Street in Wilmington was built in 1987. The units are configured as one bedroom and one bathroom each. Property features include controlled access, laundry facilities, and garage parking. Recent work includes a replacement roof, exterior painting, landscaping, and upgrades to elevated decks and walkways; those elevated areas have passed an SB721 inspection, subject to buyer verification. Water and gas are master-metered.
The property occupies a corner lot and is adjacent to the site of a 50-unit Safe Harbor project, which is under construction and scheduled for completion by Winter 2027. Wilmington Waterfront Park’s $77 million promenade has recently been completed. The property has access to the 110 and 710 freeways and is near the Ports of Los Angeles and Long Beach. Walk Score is 62, Bike Score is 79, and Transit Score is 37.
The property occupies a corner lot and is adjacent to the site of a 50-unit Safe Harbor project, which is under construction and scheduled for completion by Winter 2027. Wilmington Waterfront Park’s $77 million promenade has recently been completed. The property has access to the 110 and 710 freeways and is near the Ports of Los Angeles and Long Beach. Walk Score is 62, Bike Score is 79, and Transit Score is 37.
Key Highlights
- 44 one‑bedroom/one‑bathroom apartments
- Built in 1987; located on a corner lot
- Controlled access, laundry facilities, and garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$449,007
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,980,140
$9.0M
Cap Rate 7%
$6,414,386
$6.4M
Cap Rate 9%
$4,988,967
$5.0M
Market Conditions
NOI Build-Up for 23,524 SF
Gross rent
$846.9K $36.00/SF
− Vacancy
−$30.5K −$1.30/SF
EGI
$816.4K $34.70/SF
− OpEx
−$367.4K −$15.62/SF
NOI
$449.0K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,980,140
Cap Rate 7%
$6,414,386
Cap Rate 9%
$4,988,967
Alternative Uses
Best Use
Apartment 5plus
$6.41M
$5.61M – $7.48M
NOI $449,007 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.82M
$8.59M – $11.46M
NOI $687,509 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
44
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 90744, CA
53,074
Population
15,536
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
62%
High-School Grad
8.9 sq mi
ZIP Area
5,963
Density / Sq Mi
$61,440
Median Household Income
$32,781
Median Earnings
$1,426
Median Rent
$596,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have controlled entry, on-site laundry, and garage parking in a 1987-built multifamily property.
Where is this apartment building located?
The property is located at 808 W Anaheim St Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 44 one‑bedroom/one‑bathroom apartments; Built in 1987; located on a corner lot; Controlled access, laundry facilities, and garage parking
