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$1,495,000

Est. payment - /mo

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4,185 SqFt

Active Under Contract

2858 W Lincoln AVE Anaheim, CA 92801

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/14/2024 05:36 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,185 sqft

Price per Sqft $357

Subdivision ,Anaheim

MLS Listing ID PW24152339

HOA Y/N No

Year Built 1976

Lot Size 7,583 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

Area 79 - Anaheim West Of Harbor

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 12601232

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Ryan Loria • Triqor Group • 949-756-3232

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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