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$1,970,000

For Sale - Active
1173 N Mayfair Ave, Anaheim, CA 92801
3 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1957
For Sale - Active
6 Units
Checked: 16 hours ago
Updated: Sep 12, 2025 at 02:48AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$6,839
Cap Rate
1.5%
Cash-on-Cash Return
-18.1%
Debt Coverage Ratio
0.27
Internal Rate of Return (5 years)
-13.5%

Property Description


0.00 Acres Lot
Built in 1957
For Sale - Active
6 Units

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.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Multi-Family Dwellings (any combination 2+)

Lot Information

  • Parcel ID: 27101102
  • Lot Size: 0 sqft

Property Information

  • Property Type: Multi Family
  • Year Built: 1957

Tax Information

  • Annual Tax: $0

Utilities

  • Cooling: Wall/Window Unit(s)

Location

  • County: Orange

Listing Details


Listed by:
Paul Espinosa
Morgan Skenderian
(714) 206-2688

Source:
San Diego MLS
MLS#: PW25162231
San Diego MLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$6,839
Cap Rate
1.5%
Cash-on-Cash Return
-18.1%
Debt Coverage Ratio
0.27
Internal Rate of Return (5 years)
-13.5%

Purchase Details

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Purchase price:
$1,970,000
Amount financed:
-$1,576,000
Down payment:
$394,000
Closing costs:
$59,100
Rehab costs:
$0
Initial cash invested:
$453,100
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$1,576,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$9,323
Property tax:
$0
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,575

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$900-$10,800

Cash Flow


Monthly Yearly
Net operating income:
$2,484 $29,808
Mortgage payments:
-$9,323 -$111,876
Cash flow:
-$6,839 -$82,068