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Lemon Breeze Apartments 1124-1130 S Lemon St 24 Unit Apartment Building $8,885,110 CAD ($370,213 CAD/Unit) 4.89% Cap Rate Anaheim, CA 92805
Investment Highlights
- Garden style, two story walkup construction located in a strong city of Anaheim rental location, with excellent curb appeal
- Beautifully landscaped with white rose bushes, grass and shrubs, the complex has attractive curb appeal, and separate electric meters
- This well-kept and managed asset has pitched composition shingle roofs, open parking with additional street parking, central courtyard with gated pool
- Ideally located at the I-5 and Ball Rd, the property is within 2,000 feet of Disneyland Resort and Disney California Adventure
Executive Summary
Mark Bridge at Matthews™ is pleased to present 1124-1130 S Lemon St in the strong Anaheim rental market. This garden-style two-story walkup property is in great condition thanks to quality management and a strong pride of ownership. Comprised of 100% one-bedroom units and nicely landscaped grounds, this complex has gated pedestrian entry at both ends, newer double pane vinyl windows, pitched shingle roofs and ample parking. The building is master metered for gas and separately metered for electricity with an on-site laundry facility for residents’ use.
The strong Anaheim rental market at Ball Road and the I-5 Freeway offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. The property is located next to Disneyland Resort, Disney California Adventure, Downtown Disney, Anaheim Convention Center, The Platinum Triangle and Angel Stadium.
* Garden style, two story walkup construction located in a strong city of Anaheim rental location, with excellent curb appeal.
* This well-kept and managed asset has pitched composition shingle roofs, open parking with additional street parking, central courtyard with gated pool, and gated pedestrian access.
* Beautifully landscaped with white rose bushes, grass and shrubs, the complex has attractive curb appeal, separate electric meters, individual screen doors, and an on-site laundry facility.
* Ideally located at the I-5 and Ball Rd, the property is within 2,000 feet of Disneyland Resort and Disney California Adventure, and nearby are Downtown Disney, Anaheim Convention Center, The Platinum Triangle and Angel Stadium.
Mark Bridge | 949-681-8388 | Mark.Bridge@Matthews.com
Broker of Record | David Harrington | License # 02168060 (CA)
The strong Anaheim rental market at Ball Road and the I-5 Freeway offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. The property is located next to Disneyland Resort, Disney California Adventure, Downtown Disney, Anaheim Convention Center, The Platinum Triangle and Angel Stadium.
* Garden style, two story walkup construction located in a strong city of Anaheim rental location, with excellent curb appeal.
* This well-kept and managed asset has pitched composition shingle roofs, open parking with additional street parking, central courtyard with gated pool, and gated pedestrian access.
* Beautifully landscaped with white rose bushes, grass and shrubs, the complex has attractive curb appeal, separate electric meters, individual screen doors, and an on-site laundry facility.
* Ideally located at the I-5 and Ball Rd, the property is within 2,000 feet of Disneyland Resort and Disney California Adventure, and nearby are Downtown Disney, Anaheim Convention Center, The Platinum Triangle and Angel Stadium.
Mark Bridge | 949-681-8388 | Mark.Bridge@Matthews.com
Broker of Record | David Harrington | License # 02168060 (CA)
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$677,226
|
$90.89
|
| Other Income |
$3,281
|
$0.44
|
| Vacancy Loss |
$20,317
|
$2.73
|
| Effective Gross Income |
$660,190
|
$88.60
|
| Taxes |
$97,660
|
$13.11
|
| Operating Expenses |
$128,439
|
$17.24
|
| Total Expenses |
$226,099
|
$30.34
|
| Net Operating Income |
$434,091
|
$58.26
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $677,226 |
| Annual Per SF | $90.89 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,281 |
| Annual Per SF | $0.44 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $20,317 |
| Annual Per SF | $2.73 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $660,190 |
| Annual Per SF | $88.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $97,660 |
| Annual Per SF | $13.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $128,439 |
| Annual Per SF | $17.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $226,099 |
| Annual Per SF | $30.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $434,091 |
| Annual Per SF | $58.26 |
Property Facts
| Price | $8,885,110 CAD | Building Class | C |
| Price Per Unit | $370,213 CAD | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 7,451 SF |
| Cap Rate | 4.89% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.12 | No. Stories | 2 |
| No. Units | 24 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 3.49/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | Multifamily - Multifamily | ||
| Price | $8,885,110 CAD |
| Price Per Unit | $370,213 CAD |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| Gross Rent Multiplier | 13.12 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 7,451 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 3.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multifamily - Multifamily |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Oven
- Range
- Double Pane Windows
- Quartz Countertops
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Gated
- Sundeck
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $2,396 CAD | 621 |
1 1
Walk Score®
Very Walkable (76)
Transit Score®
Rider's Paradise (94)
Property Taxes
| Parcel Number | 234-181-03 | Total Assessment | $5,190,395 CAD |
| Land Assessment | $4,294,086 CAD | Annual Taxes | $97,660 CAD ($13.11 CAD/SF) |
| Improvements Assessment | $896,309 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
234-181-03
Land Assessment
$4,294,086 CAD
Improvements Assessment
$896,309 CAD
Total Assessment
$5,190,395 CAD
Annual Taxes
$97,660 CAD ($13.11 CAD/SF)
Tax Year
2025
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Lemon Breeze Apartments | 1124-1130 S Lemon St
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