1118 - 1124 North Mayfair Avenue — Sale in Anaheim, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Anaheim, CA 92801

Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1118 - 1124 North Mayfair Avenue, a 16-unit multifamily property situated on two adjacent parcels, each improved with an 8-unit building. The property features a desirable unit mix of 14 one-bed/one-bath units and 2 two-bed/one-bath units, appealing to a broad renter base and driving consistent rental demand. Current ownership has completed recent capital improvements to key building systems and select interiors, helping to reduce near-term maintenance requirements and supporting stable operations. The property also offers ample parking with 12 garage spaces and 20 surface spaces, along with on-site laundry facilities that provide added convenience for residents. The property is located within walking distance of AHMC Anaheim Regional Medical Center, one of Anaheim’s largest employers. Residents also enjoy close proximity to major retail centers along Euclid Street and Harbor Boulevard, including Anaheim Plaza, Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center. 1118 - 1124 North Mayfair Avenue is ideally situated between Downtown Anaheim and Downtown Fullerton, providing convenient access to a wide variety of dining, entertainment, and nightlife options. In addition, State Route 91 and Interstate 5 are nearby, offering strong regional connectivity throughout Orange and Los Angeles Counties. This offering represents a compelling opportunity to acquire a stabilized asset with recent improvements, desirable unit layouts, and durable long-term income potential in a strong North Orange County rental market. Investment Highlights: • DUAL-PARCEL 16-UNIT PROPERTY WITH DESIRABLE UNIT MIX • RECENT CAPITAL IMPROVEMENTS • AMPLE PARKING & ON-SITE LAUNDRY • WALKABLE ACCESS TO KEY EMPLOYERS • ACCESS TO RETAIL & DAILY CONVENIENCES • CENTRAL POSITION BETWEEN TWO DOWNTOWNS • EXCELLENT REGIONAL CONNECTIVITY

Market Context

This multifamily in Anaheim, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Anaheim, CA — view the full market.

As of Q1 2026, the Orange County multifamily market showed average asking rents near $2081.00/unit/mo, rents up 0.6% year over year, and cap rates around 5.4%. Source: multiple brokerage reports, Q1 2026.

Its 5.0% asking cap rate is below the Orange County multifamily market average of about 5.4%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Orange County?
About 5.4% as of Q1 2026, per multiple brokerage reports.

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