1118 - 1124 North Mayfair Avenue
Multifamily | 16 Units | $262,188/unit
Marketing description
The Leeson Group of 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.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Investment highlights
DUAL-PARCEL 16-UNIT PROPERTY WITH DESIRABLE UNIT MIX
The property consists of two adjacent 8-unit buildings totaling 16 units, featuring a strong and highly marketable mix of 14 one-bed/one-bath units and 2 two-bed/one-bath units that appeal to a broad renter base and support consistent demand.
RECENT CAPITAL IMPROVEMENTS
Ownership has completed a series of recent capital improvements that enhance overall building systems and select interiors, reducing near-term maintenance exposure.
AMPLE PARKING & ON-SITE LAUNDRY
Residents benefit from an abundant parking supply, including 12 garage spaces and 20 surface spaces, an uncommon feature for a property of this size and vintage. On-site laundry further enhances tenant convenience and supports stable resident demand.
WALKABLE ACCESS TO KEY EMPLOYERS
Walking distance to AHMC Anaheim Regional Medical Center, one of Anaheim’s top ten employers, ensuring steady local housing demand.
ACCESS TO RETAIL & DAILY CONVENIENCES
Within one mile of major retail destinations along Euclid Street and Harbor Boulevard, including Anaheim Plaza, Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center.
CENTRAL POSITION BETWEEN TWO DOWNTOWNS
Ideally situated between Downtown Anaheim and Downtown Fullerton, offering residents convenient access to diverse dining, entertainment, and nightlife options.
EXCELLENT REGIONAL CONNECTIVITY
Close to State Route 91 and Interstate 5, providing easy access throughout Orange and Los Angeles Counties.
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