1516 W Juno, Anaheim, CA 92802
Local realty services provided by:ERA Donahoe Realty
1516 W Juno,Anaheim, CA 92802
$1,395,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: paul banke
Office: kirklen investment group
MLS#:OC26240216
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,395,000
About this home
We are pleased to present 1516 W Juno Avenue, a well-maintained, single-story four-unit apartment property offered for the first time in nearly 50 years. Located in an established Anaheim neighborhood, the subject property features a desirable unit mix of (2) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units. The subject property also features amenities such as garage parking, private patios, and an on-site laundry that is currently unused, providing a new owner the opportunity to generate additional income through installation of washer and dryer units. Built in 1958, the single-story building totals 2,952 square feet on an 8,454-square-foot lot, and each unit is separately metered for gas and electricity. At current rents averaging $2,040 per unit, the property generates $66,697 in Net Operating Income against a list price of $1,395,000 ($348,750 per unit, $473 per square foot). In-place rents sit below the comparable set bringing units to market rents of $2,450 (2BR) and $2,150 (1BR) represents a 12.7% lift in rental income. Paired with activating the laundry room and billing RUBS, that path takes NOi to $81,364 and the cap rate on list price from 4.78% to 5.83%. Convenient access to the 1-5 freeway, Disneyland, Downtown Anaheim, the Platinum Triangle and nearby employment centers supports the property's rental appeal, with Loara High School nearby and Ball Junior High School within walking distance. With its single-story layout, stable in-place income and clear opportunities to increase value, 1516 W Juno Avenue presents an attractive investment for...
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Home facts
- Listing ID #:OC26240216
- Added:1 day(s) ago
- Updated:November 10, 2026 at 02:50 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
Heating and cooling
- Heating:Forced Air Unit
Finances and disclosures
- Price:$1,395,000
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