NOT LISTED FOR SALE

1115 W Fay Ln Anaheim, CA 92805

Northwest Anaheim Neighborhood
3 Beds
3 Baths
7,948 Sq Ft
0.37 Acres

Last Sold January 12, 2017

Last sale price $2,140,000 $269 Per Sq Ft

25 Days on Market

Highlights

  • 16,117 Sq Ft lot
  • No HOA
  • Laundry Room

About This Home

As of January 2017

The Fay Lane Apartments is a 12 unit apartment complex in Anaheim. The property includes (10) one bedroom/one bath units and (2) 2 bedroom/2 bath units. It is ideally situated in a great rental area in a neighborhood comprised of small apartment complexes and nearby single family residences. This is a gated property and the majority of the units are single story with an on-site laundry facility. The property is also individually metered for both Gas and Electric with true rental upside for a new owner to take advantage of.

Last Agent to Sell the Property

Ruben Khorsandi

Alliance Investment RE Group License #01085411 Listed on: 09/16/2016

Last Buyer's Agent

Ruben Khorsandi

Alliance Investment RE Group License #01085411 Listed on: 09/16/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 1 Car Garage
  • Carport
  • Parking Available

Home Design

  • 7,948 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 1607
  • Assessor Parcel Number 03608218

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,100
  • Gardener Expense $1,120
  • Insurance Expense $2,781
  • Water Sewer Expense $3,500
  • New Taxes Expense $24,228
  • Gross Income $138,300
  • Net Operating Income $93,556

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Other Phone Description: 949-250-0400
  • Property Attached: Yes
  • Water Sewer Expenses: 3500.00
  • Property Type: Residential Income
  • Gardener Expense: 1120.00
  • Parcel Number: 03608218
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 269.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 16117.00

Multi Family

  • Electric Expense: 1100.00
  • Gross Income: 138300.00
  • Gross Scheduled Income: 138300.00
  • Insurance Expense: 2781.00
  • Net Operating Income: 93556.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 44744.00
  • Rent Control: No
  • Total Actual Rent: 11400.00

Tax Info

  • New Taxes Expense: 24228.00
  • Tax Census Tract: 872.00
  • Tax Lot: 14
  • Tax Tract Number: 1607

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2017 01/12/17 Sold $2,140,000 -0.4% $269 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
09/16/2016 09/16/16 For Sale $2,149,000 -- $270 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ruben Khorsandi

    Seller's Agent in 2017

    Ruben Khorsandi

    Alliance Investment RE Group

    (949) 250-0400

    4 Total Sales

    Ruben Khorsandi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16723129

California Regional Multiple Listing Service (CRMLS)
California Orange County Anaheim 92805 Northwest Anaheim

1115 W Fay Ln, Anaheim, CA

This home is located at 1115 W Fay Ln, Anaheim, CA 92805 since 16 September 2016. This property was built in 1957. 1115 W Fay Ln is a home located in Orange County with nearby schools including Benjamin Franklin Elementary School, Sycamore Junior High School, and Anaheim High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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