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    Property profile & analytics

    938 Gilbuck Dr Anaheim, CA 92802

    • Apartment buildings
    • 775 SF
    • 0.19 lot acres
    For Sale
    View listing
    $1,695,000
    Last Sale
    Oct 04, 2021
    $1,350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3047925
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 938 Gilbuck Dr

    Year built
    1960
    Lot size
    0.19 lot acres
    Property size
    775 SF
    Property type
    Apartment buildings
    APN
    250-174-06
    APU
    25017406

    Description

    This exceptional 5-unit apartment building, located at 938 S Gilbuck Dr, Anaheim, CA 92802, presents a compelling investment opportunity. The property, built in 1960, boasts a total of 2,932 square feet situated on an 8,196 square foot lot. Priced at $1,695,000, this represents a price per unit of $339,000 and a price per square foot of $578.10. The property features a desirable unit mix, with 80% one-bedroom and 20% two-bedroom units, all benefiting from individual utility metering and carport parking. The building's single-story construction simplifies maintenance. The strong Anaheim rental market, characterized by high occupancy and rental growth, contributes to a healthy Net Operating Income (NOI) of $72,104, resulting in a 4.25% capitalization rate. Its prime location offers convenient access to freeways, connecting residents to the greater Southern California area and numerous employment opportunities. Nearby amenities include parks, entertainment venues like Disneyland, shopping centers, and educational institutions, making this a highly desirable location for tenants. This property is classified as a Class C multifamily investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,455,000
      ML approach
      $1,485,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anaheim
    County
    Orange
    State
    California
    Longitude
    -117.933
    Latitude
    33.8188
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,243
    $1,264,086
    $140,454
    $1,404,540
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $445,000
      2,179 SF

      950 Gilbuck Dr

      APARTMENT HOUSE (5+ UNITS) • 2,179 SF
      950 Gilbuck Dr, Anaheim, CA 92802-1628
      View Details
    • Value Estimation
      $435,000
      5,276 SF

      1597 Ball Rd

      APARTMENT HOUSE (5+ UNITS) • 5,276 SF
      1597 Ball Rd, Anaheim, CA 92802-1670
      View Details
    • Value Estimation
      $545,000
      12,539 SF

      1127 Casa Grande Ave, Unit 104

      APARTMENT HOUSE (5+ UNITS) • 12,539 SF
      1127 Casa Grande Ave, Anaheim, CA 92802-3300
      View Details
    • Value Estimation
      $1,115,000
      48,676 SF

      1590 Palm Ln

      APARTMENT HOUSE (5+ UNITS) • 48,676 SF
      1590 Palm Ln, Anaheim, CA 92802-2048
      View Details
    • Value Estimation
      $395,000
      5,041 SF

      123 Leatrice Ln

      APARTMENT HOUSE (5+ UNITS) • 5,041 SF
      123 Leatrice Ln, Anaheim, CA 92802-4257
      View Details
    • Value Estimation
      $460,000
      5,042 SF

      111 Leatrice Ln

      APARTMENT HOUSE (5+ UNITS) • 5,042 SF
      111 Leatrice Ln, Anaheim, CA 92802-4254
      View Details

    Similar Nearby for Sale

    • $500,000
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      Two-Story Condo Near Disneyland

      Two-bedroom, two-bathroom condo in Anaheim, near attractions and freeway.
      1381 S Walnut St, Anaheim, CA 92802
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    • $1,695,000
      2,932 SF

      Gilbuck Apartments: Anaheim Investment

      5-Unit Anaheim Apartment Building
      938 Gilbuck Dr, Anaheim, CA 92802
      View Details
    • $3,495,000
      9,268 SF

      Anaheim Apartment Building Investment

      Six-Unit, Fully Renovated Complex
      200 Wakefield Ave, Anaheim, CA 92802
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    • $1,350,000
      2,976 SF

      Anaheim Triplex: Investment Opportunity

      Triplex in Anaheim near Disneyland, offering great cash flow.
      2115 S Broden St, Anaheim, CA 92802
      View Details
    • $179,900
      1,176 SF

      Anaheim Home in Ponderosa Park

      Three-bedroom, two-bathroom home with carport and patio in Anaheim.
      2300 S Lewis St, Anaheim, CA 92802
      View Details
    • New
      $1,350,000
      Pending

      Anaheim Triplex Near Disneyland

      Triplex in Anaheim near Disneyland with strong income potential.
      2115 S Broden St, Anaheim, CA 92802
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo
      800 SF

      Anaheim Retail Space For Lease

      Retail space available in established Anaheim shopping center.
      1300 S Euclid St S, Anaheim, CA 92802
      View Details
    • $1.70 SF/Yr
      29,443 SF

      Anaheim Freestanding Industrial Building

      Freestanding industrial building with private yard for lease.
      1500 E Cerritos Ave, Anaheim, CA 92802
      View Details
    • Contact for pricing
      52,066 SF

      Anaheim Executive Office Space For Lease

      Prime Anaheim Office, Multiple Suites Available
      888 Disneyland Dr, Anaheim, CA 92802
      View Details
    • $2 SF/Yr
      11,263 SF

      Retail Building For Lease

      Retail building with busy exposure and rear overhead door.
      122 S Euclid St, Anaheim, CA 92802
      View Details
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    Anaheim, CA 92802
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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