We are pleased to present Lincoln Apartments, a 4-unit apartment building in Anaheim, CA. The property consists of large 2 and 3-bedroom units with patios/balconies and garage parking spaces. The asset also features individual gas and electric meters and a shared laundry facility. Having been professionally managed throughout ownership, the property is on the market for the first time in 24 years. With strong in-place rents, this property offers an investor the opportunity to acquire a high cash-flowing asset generating a 4.8% cap rate with current rents, 6.3% with market rents. This property is ideal for investors seeking a well-priced, value-add opportunity in a sought-after location.
Sold for $1,510,000 on 11/27/24
Listing Provided by:
Ryan Loria DRE #02006138 949-756-3232,
Triqor Group
Bought with: Triqor Group
$1,510,000
2858 W Lincoln Ave, Anaheim, CA 92801
9beds
8baths
4,185sqft
Quadruplex
Built in 1976
-- sqft lot
$-- Zestimate®
$361/sqft
$3,892 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 06:32pm
Listing Provided by:
Ryan Loria DRE #02006138 949-756-3232,
Triqor Group
Bought with:
Ryan Loria, DRE #02006138
Triqor Group
Source: CRMLS,MLS#: PW24152339
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 8
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,185
- Total interior livable area: 4,185 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 6
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: /
- Pool features: None
Lot
- Size: 7,585 sqft
- Features: Rectangular Lot
Details
- Parcel number: 12601232
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Anaheim
- Subdivision: Anaheim
Other
Other facts
- Listing terms: Conventional