Est. cap rate

3.9%

Assumed rent, all units

$9,720/mo

Units

4

Price per unit

$374,750

Est. annual NOI

$58,320

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

4,108 sqft

Lot size

5,663 sqft

Year built

1960

Stories

2

Garage spaces

4

Heating

Forced Air

Cooling

None

Pool

None

Status

Active

Days on market

92

MLS #

244566966

About this property

1827 W. Glencrest Avenue presents investors with the opportunity to acquire a well-maintained four-unit apartment community in the heart of Anaheim. The property features a highly desirable unit mix consisting of three spacious two-bedroom/one-bath units and one three-bedroom/two-bath unit, with each residence benefiting from washer and dryer hookups, garage parking, and select private patios—amenities that continue to drive strong tenant demand. Current ownership has implemented a thoughtful interior renovation program designed to enhance resident appeal while minimizing future capital expenditures. Select units have been extensively updated with fresh interior paint, durable new flooring, modern kitchen cabinetry, updated countertops, new faucets, stainless steel sinks, new garbage disposals with updated plumbing, new ranges, contemporary range hoods, and new window blinds. These improvements provide residents with a modern living experience while positioning the property to achieve premium market rents. Further enhancing the investment, the property is separately metered for gas and electricity, helping reduce operating expenses for ownership. Ideally located just minutes from the 5 and 91 Freeways, Anaheim Regional Medical Center, major retail centers, restaurants, and everyday conveniences, 1827 W. Glencrest Avenue offers investors a rare combination of stable in-place income, quality physical improvements, and long-term appreciation potential in one of Orange County's strongest rental markets.

Location

1827 W Glencrest Avenue

Anaheim, Orange, CA, 92801