26-Unit Garden-Style Apartment
New
For Sale
$5,980,000
8860 W Cerritos Ave, Anaheim, CA 92804
The multifamily property comprises 26 residential units in a garden-style configuration.
Property Size21,918 SF
Days on Market4
Property Features for 8860 W Cerritos Ave
General Information
Standard status
Active
Size
21,918 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
26
Amenities
Rental Repositioning Opportunity
Desirable Community Amenities
High Visibility Location
Building Details
Building Size
21,918 SF
Units
26
Construction
garden-style
Listing Agency:
Las Vegas Office
Listed By:
Drew Holden · License #License(s): CA: 01962800, NV: S.0189703
(702) 215-7118
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 9 at 4:18PM
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 Las Vegas Office
Investment Insights
Based on property information with market context.
The Arches is a 26-unit garden-style apartment property at 8860 W Cerritos Ave in Anaheim, California.
Key Highlights
- 26 residential units
- Garden‑style multifamily property
- Located at 8860 W Cerritos Ave in Anaheim, CA 92804
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,822
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,596,440
$6.6M
Cap Rate 7%
$4,711,743
$4.7M
Cap Rate 9%
$3,664,689
$3.7M
Market Conditions
NOI Build-Up for 21,918 SF
Gross rent
$631.2K $28.80/SF
− Vacancy
−$31.6K −$1.44/SF
EGI
$599.7K $27.36/SF
− OpEx
−$269.9K −$12.31/SF
NOI
$329.8K $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%
$6,596,440
Cap Rate 7%
$4,711,743
Cap Rate 9%
$3,664,689
Alternative Uses
Best Use
Apartment 5plus
$4.71M
$4.12M – $5.50M
NOI $329,822 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.86M
$6.00M – $8.00M
NOI $480,162 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
1,158
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The multifamily property comprises 26 residential units in a garden-style configuration.
Where is this apartment building located?
The property is located at 8860 W Cerritos Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $5,980,000.
What are key features of this property?
This property features: 26 residential units; Garden‑style multifamily property; Located at 8860 W Cerritos Ave in Anaheim, CA 92804
