$3,400,000
-$100,00015121 Van Buren, Midway City CA 92655
Multi-Family (18 Units)
Property type
121 days
On market
$437
Price per sqft
0 cars
Garage
1945
Year built
16,117 sqft
Lot size
Home highlights
Open Houses
Overview
Only $188,888 Per Unit! 5.4% CAP! Reduced Price! We are pleased to present 15121 Van Buren St in the strong Midway City rental market. This garden-style 100% single-story complex is in great condition thanks to quality management and a strong pride of ownership. Comprised of sixteen studios and two one-bed one-bath units, the beautifully landscaped grounds are adorned with...
Listing provided by: Mark Bridge DRE #01316702 949-681-8388, Mark Bridge, Broker
Listing updated: May 21, 2026 at 05:59pm.
Last checked: Jun 5, 2026 at 09:00am
Source: CRMLS #OC26021954
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 16 | 0 | 1 | — | $1,357 | $21,705 | $23,920 | Unfurnished |
| 2 | 1 | 1 | — | $1,465 | $2,930 | $3,190 | Unfurnished |
# of Buildings: 2
# of Units Total: 18
Separate Electric Meters: 19
Separate Gas Meters: 19
Separate Water Meters: 1
Disposal: 18
Ranges: 18
Rent Control: No
Units Leased: 18
Total Actual Rent: $295,620
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.4x
List Price / Annual Gross Rent
Cap Rate
5.43%
NOI / List Price
Gross Scheduled Income: $298,020
Vacancy Allowance: $8,869
Vacancy Allowance Rate: 3%
Operating Expense: $104,468
Net Operating Income: $184,684
Annual Operating Expenses
Electric: $1,200
Gardener: $3,480
Fuel: $1,200
Insurance: $14,474
Maintenance: $9,000
New Taxes: $37,789
Pest Control: $1,200
Professional Management: $11,825
Trash: $3,300
Water / Sewer: $6,000
Other Expense: $15,000
Interior
Heating: Natural Gas, Wall Furnace
Appliances: Disposal, Gas Oven, Gas Range, Range Hood, Water Heater
Laundry: Common Area
Entry Location: First
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Composition, Shingle
Window Features: Double Pane Windows
Property Condition: Turnkey
Common Walls: One Common Wall
Security Features: Gated Community
Lot Features: Sixteen To Twenty Units Acre
Pool: None
Fencing: Good Condition
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View: Courtyard
Garage and Parking
Parking: Assigned, Concrete, Off Street
Garage Spaces: 0
Uncovered Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 10718008
Additional Parcels: No
Tax Lot: 107
Tax Block: 180
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban, Sidewalks, Gated
Nearby Schools
Nearby schools around the 15121 Van Buren, Midway City, CA 92655. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,720,000
Total Interest
$3,469,210
Total Payment
$6,189,210
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$20,884
per month
Property History for 15121 Van Buren
Midway City Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92655.
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