Detached Duplex with Private
For Sale
$1,275,000
833 S Lemon Street, Anaheim, CA 92805
Anaheim, CA
Property Size2,500 SF
Lot Size0.18 Acres
Price / SF$510
Days on Market315
Property Features for 833 S Lemon Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Laundry Room, Bedroom 3
Parking
3
Fireplace
1
Subdivision
Act II (ACT2)
Lot features
2-5 Units/ Acre
Elementary school district
Anaheim Union High
Middle school district
Anaheim Union High
High school district
Anaheim Union High
Directions
West of S Anaheim
Standard status
Active
APN
03707305
Size
2,500 SF
Lot size
0.18 Acres
Utilities
Sewer type
Public Sewer
Cooling system
ENERGY STAR Qualified Equipment, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1923
Floors in Building
1
Number of units
2
Listing Agency:
Real Brokerage Technologies
(619) 248-6434
Listed By:
CINDY LIU · License #02116617
(626) 241-3545
Added: Oct 20, 2025
Changed: Aug 25
Last Checked: Aug 30 at 6:06AM
MLS# WS25243061
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 duplex includes two fully detached single-family residences on one parcel, offering separation between the living spaces along with a private yard and garage for each home. The property contains approximately 2,500 square feet and was built in 1923. Interior features include four listed bedrooms, three listed bathrooms, laundry space, fireplaces, and wall or window cooling equipment.
The 0.1769-acre property is served by public water and public sewer. Its Anaheim setting places the homes about 10 minutes from Disneyland, the Anaheim Convention Center, and major shopping areas. The detached configuration and separate outdoor areas support distinct household occupancy while retaining the shared classification of a duplex.
The 0.1769-acre property is served by public water and public sewer. Its Anaheim setting places the homes about 10 minutes from Disneyland, the Anaheim Convention Center, and major shopping areas. The detached configuration and separate outdoor areas support distinct household occupancy while retaining the shared classification of a duplex.
Key Highlights
- Two fully detached single‑family homes on one parcel
- 2,500 Square Feet of property size
- 0.1769‑acre lot
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
$44,784
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
3.51%
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%
$895,680
$895.7K
Cap Rate 7%
$639,771
$639.8K
Cap Rate 9%
$497,600
$497.6K
Market Conditions
NOI Build-Up for 2,500 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
$67.5K $27.00/SF
− Vacancy
−$3.5K −$1.41/SF
EGI
$64.0K $25.59/SF
− OpEx
−$19.2K −$7.68/SF
NOI
$44.8K $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%
$895,680
Cap Rate 7%
$639,771
Cap Rate 9%
$497,600
Alternative Uses
Best Use
Multifamily LT 5
$639.8K
$559.8K – $746.4K
NOI $44,784 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$556.9K
$487.3K – $649.7K
NOI $38,981 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$763.5K
$668.1K – $890.8K
NOI $53,448 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,466
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?
Duplex - Two separate residences provide garage parking, individual outdoor space, and flexible occupancy options.
Where is this duplex located?
The property is located at 833 S Lemon Street Anaheim, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two fully detached single‑family homes on one parcel; 2,500 Square Feet of property size; 0.1769‑acre lot
