1516 W Juno, Anaheim, CA 92802
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1516 W Juno,Anaheim, CA 92802
$1,395,000
- - Beds
- - Baths
- 2,952 sq. ft.
- Multi-family
- Active
Listed by: paul banke
Office: kirklen investment group949-942-1300
MLS#:OC26240216
Source:CRMLS
Price summary
- Price:$1,395,000
- Price per sq. ft.:$472.56
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. 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 buyers seeking lasting value in Orange County....
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Home facts
- Year built:1958
- Listing ID #:OC26240216
- Added:1 day(s) ago
- Updated:November 09, 2026 at 06:25 PM
Rooms and interior
- Living area:2,952 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1958
- Building area:2,952 sq. ft.
- Lot area:0.19 Acres
- Lot Features:Corner Lot
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,395,000
- Price per sq. ft.:$472.56
Features and amenities
- Laundry features:Electric Dryer Hookup, Gas Dryer Hookup
Parking
- Total parking spaces:4
- Parking description:Assigned
- Garage:Yes
- Garage spaces:4
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