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1184 W Casa Grande Ave 9 Unit Apartment Building $4,549,300 CAD ($505,478 CAD/Unit) 5.03% Cap Rate Anaheim, CA 92802



Investment Highlights
- Prime Location One Block from Disneyland and the Anaheim Convention Center
- Pride of Ownership Turn-Key Property
- Desirable Amenities Include Gated Courtyard, Storage, & Garage Parking
- Majority Spacious 2-Bedroom Units
- SB721 Compliant & New Electrical Subpanels
Executive Summary
1184 W. Casa Grande Ave is a well-maintained, pride-of-ownership multifamily property located in one of Anaheim’s most desirable rental pockets just blocks from Disneyland and the Anaheim Convention Center. The property features spacious 1 & 2-bedroom units and a gated courtyard.
Amenities include garages with storage lockers, ample street parking, and an on-site laundry facility. Recent improvements, including SB 721 compliance and new electrical subpanels, help reduce near-term capital needs.
Positioned just minutes from Disneyland and the Anaheim Convention Center, the property benefits from strong, consistent rental demand. With its low-maintenance profile and functional unit mix, the asset offers stable in-place income with potential for future growth.
Amenities include garages with storage lockers, ample street parking, and an on-site laundry facility. Recent improvements, including SB 721 compliance and new electrical subpanels, help reduce near-term capital needs.
Positioned just minutes from Disneyland and the Anaheim Convention Center, the property benefits from strong, consistent rental demand. With its low-maintenance profile and functional unit mix, the asset offers stable in-place income with potential for future growth.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$315,491
|
$42.59
|
| Other Income |
$6,111
|
$0.82
|
| Vacancy Loss |
$6,431
|
$0.87
|
| Effective Gross Income |
$315,170
|
$42.54
|
| Taxes |
$55,057
|
$7.43
|
| Operating Expenses |
$31,348
|
$4.23
|
| Total Expenses |
$86,405
|
$11.66
|
| Net Operating Income |
$228,765
|
$30.88
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $315,491 |
| Annual Per SF | $42.59 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,111 |
| Annual Per SF | $0.82 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,431 |
| Annual Per SF | $0.87 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $315,170 |
| Annual Per SF | $42.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $55,057 |
| Annual Per SF | $7.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,348 |
| Annual Per SF | $4.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $86,405 |
| Annual Per SF | $11.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $228,765 |
| Annual Per SF | $30.88 |
Property Facts
| Price | $4,549,300 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $505,478 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.03% | Building Size | 7,408 SF |
| Gross Rent Multiplier | 14.15 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | RM-4 | ||
| Price | $4,549,300 CAD |
| Price Per Unit | $505,478 CAD |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Gross Rent Multiplier | 14.15 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,408 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | RM-4 |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Ceiling Fans
- Refrigerator
- Range
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,648 CAD | 700 |
| 2+1 | 5 | $3,120 CAD | 921 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 090-253-11 | Total Assessment | $5,007,891 CAD |
| Land Assessment | $3,919,219 CAD | Annual Taxes | $55,057 CAD ($7.43 CAD/SF) |
| Improvements Assessment | $1,088,672 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
090-253-11
Land Assessment
$3,919,219 CAD
Improvements Assessment
$1,088,672 CAD
Total Assessment
$5,007,891 CAD
Annual Taxes
$55,057 CAD ($7.43 CAD/SF)
Tax Year
2025
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1184 W Casa Grande Ave
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