16-Unit Apartment
For Sale
$4,999,000
935 S Trident Street, Anaheim, CA 92804
Two contiguous 8-unit buildings totaling 16 apartments, built in 1958, with on-site laundry, pool, and gated entry.
Property Size10,678 SF
Lot Size0.42 Acres
Days on Market91
Property Features for 935 S Trident Street
General Information
Standard status
Active
Size
10,678 SF
Total Parking Spaces
16
Lot size
0.42 Acres
Property subtype
Apartment
Additional Details
Cap Rate
5.23%
Highway Access
Yes
Multifamily Units
16
Amenities
swimming pool
on-site laundry rooms
gated entry
Building Details
Building Size
10,678 SF
Year Built
1958
Listing Agency:
Kirklen Investment Group
Listed By:
Jason Kirklen · License #01939655
Source:
Velocityrealtysd
Added: Jun 9
Changed: Sep 6
Last Checked: Sep 6 at 11:40AM
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 Kirklen Investment Group
Investment Insights
Based on property information with market context.
South Trident Apartments is a 16-unit multifamily investment opportunity made up of two contiguous 8-unit buildings. Built in 1958, the property offers a unit mix of twelve one-bedroom/one-bathroom apartments and four two-bedroom/one-bathroom apartments.
The community includes a gated entry, on-site laundry rooms, a sparkling swimming pool, and 16 garage parking spaces, along with RUBS and pet income. The buildings and mature, well-maintained landscaping are presented as clean and maintained.
Located in West Anaheim, the property is described as being in close proximity to the I-5 Freeway, Disneyland Park and Resort, Knott’s Berry Farm, and the Ball Road retail corridor. Current rents are described as stabilized and at or near market rate, with a stated CAP rate of 5.23% and an indicated path to 6.37% at market rents.
The community includes a gated entry, on-site laundry rooms, a sparkling swimming pool, and 16 garage parking spaces, along with RUBS and pet income. The buildings and mature, well-maintained landscaping are presented as clean and maintained.
Located in West Anaheim, the property is described as being in close proximity to the I-5 Freeway, Disneyland Park and Resort, Knott’s Berry Farm, and the Ball Road retail corridor. Current rents are described as stabilized and at or near market rate, with a stated CAP rate of 5.23% and an indicated path to 6.37% at market rents.
Key Highlights
- South Trident Apartments is a 16‑unit multifamily property made up of two contiguous 8‑unit buildings.
- Built in 1958 on an 18,084 SF lot, with 12 one‑bedroom/one‑bath units and 4 two‑bedroom/one‑bath units.
- Amenity highlights include a swimming pool, on‑site laundry rooms, and gated entry.
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
$160,683
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
3.21%
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%
$3,213,660
$3.2M
Cap Rate 7%
$2,295,471
$2.3M
Cap Rate 9%
$1,785,367
$1.8M
Market Conditions
NOI Build-Up for 10,678 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
$307.5K $28.80/SF
− Vacancy
−$15.4K −$1.44/SF
EGI
$292.2K $27.36/SF
− OpEx
−$131.5K −$12.31/SF
NOI
$160.7K $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 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%
$3,213,660
Cap Rate 7%
$2,295,471
Cap Rate 9%
$1,785,367
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.68M
NOI $160,683 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,925 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
780
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 - Two contiguous 8-unit buildings totaling 16 apartments, built in 1958, with on-site laundry, pool, and gated entry.
Where is this apartment building located?
The property is located at 935 S Trident Street Anaheim, CA.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: South Trident Apartments is a 16‑unit multifamily property made up of two contiguous 8‑unit buildings.; Built in 1958 on an 18,084 SF lot, with 12 one‑bedroom/one‑bath units and 4 two‑bedroom/one‑bath units.; Amenity highlights include a swimming pool, on‑site laundry rooms, and gated entry.
