4-Unit Remodeled
New
For Sale
$1,650,000
939 N Clementine, Anaheim, CA 92805
Income-producing multifamily property with a varied unit mix and nearby park, schools, and retail.
Property Size2,894 SF
Days on Market6
Property Features for 939 N Clementine
General Information
Standard status
Active
Size
2,894 SF
Property subtype
Quadruplex
Units
Unit Mix
3 x 2BD/1BA, 1 x 1BD/1BA
Multifamily Units
4
Building Details
Building Size
2,894 SF
Year Built
1953
Listing Agency:
Lewis, John
Listed By:
John Lewis · License #01086063
Source:
Altamirarealty
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 11 at 12:28PM
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 Lewis, John
Investment Insights
Based on property information with market context.
Built in 1953, this Anaheim quadplex contains four residential units with a mix of three 2BD/1BA apartments and one 1BD/1BA apartment. The property has been fully remodeled, providing updated housing accommodations within an established multi-unit format.
The property is positioned across from a park, with schools and retail nearby. Its four-unit configuration and documented unit mix support residential income use in a neighborhood setting.
The property is positioned across from a park, with schools and retail nearby. Its four-unit configuration and documented unit mix support residential income use in a neighborhood setting.
Key Highlights
- Four‑unit multifamily property in Anaheim
- Unit mix includes three 2BD/1BA and one 1BD/1BA
- Fully remodeled units
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
$51,841
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
3.14%
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%
$1,036,820
$1.0M
Cap Rate 7%
$740,586
$740.6K
Cap Rate 9%
$576,011
$576.0K
Market Conditions
NOI Build-Up for 2,894 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
$78.1K $27.00/SF
− Vacancy
−$4.1K −$1.41/SF
EGI
$74.1K $25.59/SF
− OpEx
−$22.2K −$7.68/SF
NOI
$51.8K $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%
$1,036,820
Cap Rate 7%
$740,586
Cap Rate 9%
$576,011
Alternative Uses
Best Use
Multifamily LT 5
$740.6K
$648.0K – $864.0K
NOI $51,841 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$644.6K
$564.1K – $752.1K
NOI $45,125 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$883.9K
$773.4K – $1.03M
NOI $61,871 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
859
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?
Quadplex - Income-producing multifamily property with a varied unit mix and nearby park, schools, and retail.
Where is this quadplex located?
The property is located at 939 N Clementine Anaheim, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four‑unit multifamily property in Anaheim; Unit mix includes three 2BD/1BA and one 1BD/1BA; Fully remodeled units
