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Key Details
Sold Price $1,510,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,185 sqft
Price per Sqft $360
MLS Listing ID PW-24152339
Year Built 1976
Lot Size 7,585 Sqft
Property Description
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.
Location
State CA
County Orange
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 6.0
Pool None
Community Features Sidewalks
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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