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918 Apartments 918 Romneya Dr 32 Unit Apartment Building $10,044,720 CAD ($313,897 CAD/Unit) 4.30% Cap Rate Anaheim, CA 92801
Investment Highlights
- 32-unit multifamily apartment community situated on a ±0.87-acre parcel
- Gated access with covered parking and on-site laundry facilities
- Rare half-century market debut in an established Anaheim corridor
- Low-density site plan featuring larger-than-average unit sizes
- Relaxing resident spa and landscaped common areas
- Close proximity to major employment centers, healthcare, and educational institutions
Executive Summary
The Leeson Group of Marcus & Millichap is pleased to present Nine-Eighteen Apartments, a 32-unit multifamily investment opportunity strategically located in the heart of Anaheim, California. Constructed in 1975, the property consists of 32 apartment homes situated on a ±0.87-acre parcel encompassing ±25,007 rentable square feet.
The community benefits from a low-density site plan and an average unit size that exceeds many competing assets within the surrounding submarket. Nine-Eighteen Apartments offers select residences featuring desirable town home-style layouts with vaulted ceilings, while community amenities include gated access, covered parking, a relaxing spa area, landscaped common areas, and on-site laundry facilities. These features contribute to long-term tenant retention and support the property’s competitive position within the Anaheim rental market.
The property is positioned within one of Orange County’s most established multifamily corridors, benefiting from proximity to major employment centers, transportation infrastructure, healthcare facilities, educational institutions, and regional entertainment destinations. Investors are afforded the opportunity to capitalize on continued rental growth while preserving the stability associated with a well-located Anaheim apartment community.
Nine-Eighteen Apartments represents a rare opportunity to acquire a scale multifamily asset in a supply-constrained Orange County market offering durable cash flow, operational upside, and long-term appreciation potential.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
The community benefits from a low-density site plan and an average unit size that exceeds many competing assets within the surrounding submarket. Nine-Eighteen Apartments offers select residences featuring desirable town home-style layouts with vaulted ceilings, while community amenities include gated access, covered parking, a relaxing spa area, landscaped common areas, and on-site laundry facilities. These features contribute to long-term tenant retention and support the property’s competitive position within the Anaheim rental market.
The property is positioned within one of Orange County’s most established multifamily corridors, benefiting from proximity to major employment centers, transportation infrastructure, healthcare facilities, educational institutions, and regional entertainment destinations. Investors are afforded the opportunity to capitalize on continued rental growth while preserving the stability associated with a well-located Anaheim apartment community.
Nine-Eighteen Apartments represents a rare opportunity to acquire a scale multifamily asset in a supply-constrained Orange County market offering durable cash flow, operational upside, and long-term appreciation potential.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$801,325
|
$32.04
|
| Other Income |
$16,127
|
$0.64
|
| Vacancy Loss |
$24,040
|
$0.96
|
| Effective Gross Income |
$793,412
|
$31.73
|
| Taxes |
$114,139
|
$4.56
|
| Operating Expenses |
$247,389
|
$9.89
|
| Total Expenses |
$361,528
|
$14.46
|
| Net Operating Income |
$431,884
|
$17.27
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $801,325 |
| Annual Per SF | $32.04 |
| Other Income (CAD) | |
|---|---|
| Annual | $16,127 |
| Annual Per SF | $0.64 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $24,040 |
| Annual Per SF | $0.96 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $793,412 |
| Annual Per SF | $31.73 |
| Taxes (CAD) | |
|---|---|
| Annual | $114,139 |
| Annual Per SF | $4.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $247,389 |
| Annual Per SF | $9.89 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $361,528 |
| Annual Per SF | $14.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $431,884 |
| Annual Per SF | $17.27 |
Property Facts
| Price | $10,044,720 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $313,897 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.87 AC |
| Cap Rate | 4.30% | Building Size | 25,007 SF |
| Gross Rent Multiplier | 12.29 | No. Stories | 2 |
| No. Units | 32 | Year Built | 1975 |
| Property Type | Multifamily | Parking Ratio | 1.88/1,000 SF |
| Property Subtype | Apartment |
| Price | $10,044,720 CAD |
| Price Per Unit | $313,897 CAD |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| Gross Rent Multiplier | 12.29 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 25,007 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.88/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Range
- Carpet
- Patio
Site Amenities
- Controlled Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | 775 |
| 2+1 | 1 | - | 950 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 271-012-07 | Total Assessment | $1,767,645 CAD |
| Land Assessment | $168,491 CAD | Annual Taxes | $114,139 CAD ($4.56 CAD/SF) |
| Improvements Assessment | $1,599,154 CAD | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
271-012-07
Land Assessment
$168,491 CAD
Improvements Assessment
$1,599,154 CAD
Total Assessment
$1,767,645 CAD
Annual Taxes
$114,139 CAD ($4.56 CAD/SF)
Tax Year
2026 Payable 2026
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918 Apartments | 918 Romneya Dr
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