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Listed by Paul Espinosa • Morgan Skenderian
$ 1,970,000
Est. payment /mo
Active
1173 N Mayfair Avenue Anaheim, CA 92801
5,028 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,028 sqft
Price per Sqft $391
MLS Listing ID CRPW25162231
HOA Y/N No
Year Built 1957
Lot Size 9,100 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Presenting a well-maintained 6-unit apartment complex in the heart of Anaheim, ideally positioned on a prominent corner lot. The property features a desirable unit mix of (4) spacious two bedroom/one bathroom units and (2) one bedroom/one bathroom units, totaling 5,028 rentable square feet. Tenants benefit from convenient amenities including an on-site laundry facility, individual hot water heaters, six private garages, and two open parking spaces. The property currently generates a solid 5.4% CAP rate with clear upside in rental income as units turnover. Significant capital improvements have been completed, reducing future maintenance costs and boosting long-term value. *All of the units are eligible for 8% rent increases effective April 1, 2026.
Location
State CA
County Orange
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
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