NOT LISTED FOR SALE
5 Beds
3 Baths
3,794 Sq Ft
6,970 Sq Ft

Last Sold June 14, 2024

Last sale price $1,650,000 $435 Per Sq Ft

62 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot

About This Home

As of June 2024

1401 East Lincoln Avenue is a 4-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting of 3, two-bedroom units and 1, three-bedroom townhome unit. Amenities at 1401 East Lincoln Avenue include ample garage and surface parking, an on-site laundry facility, and private patios or balconies. 1401 East Lincoln Avenue benefits from its optimal Anaheim location, situated just under 1 mile from a plethora of unique shops, restaurants, and attractions in Downtown Anaheim. The property is also approximately 1 mile from the Anaheim Packing District, a modern market and food hall featuring more than 30 shops and restaurants. The property is situated within a 3-mile radius of Orange County landmarks including Disneyland, the Anaheim Convention Center, and California State University, Fullerton. Furthermore, the property provides residents with convenient access to State Routes 57 and 91, Interstate 5, and the Anaheim Regional Transportation Intermodal Center (ARTIC), connecting residents to employment hubs throughout Southern California.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 03/12/2024

Last Buyer's Agent

Juan Rivera

Realty Executives All Cities License #01299236

Realty Executives All Cities

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1977

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,794 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 1,2
  • Tax Tract Number 86405
  • Assessor Parcel Number 03535049
  • $1,035 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,330
  • Fuel Expense $1,330
  • Insurance Expense $2,400
  • Maintenance Expense $2,800
  • Other Expense $4,335
  • Trash Expense $1,330
  • Water Sewer Expense $1,331
  • New Taxes Expense $18,129
  • Operating Expense $32,985
  • Gross Income $113,136
  • Net Operating Income $76,865

Property Details

Home Type

Apartment

Year Built

Built in 1977

Lot Details

6,970 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 4.66
  • Property Attached: No
  • Water Sewer Expenses: 1331.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 03535049
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 434.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1330.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6969.60
  • Lot Size Acres: 0.1600
  • Latitude Manual: 33.83921500

Multi Family

  • Electric Expense: 1330.00
  • Fuel Expense: 1330.00
  • Gross Income: 113136.00
  • Gross Multiplier: 14.58
  • Gross Operating Income: 106250.00
  • Gross Scheduled Income: 109536.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 0.1600 Acres
  • Maintenance Expense: 2800.00
  • Net Operating Income: 76865.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 32985.00
  • Operating Expense Percent: 30.00
  • Other Expense: 4335.00
  • Other Expense Description: Misc
  • Other Income1: 3600.00
  • Other Income Description: Misc
  • Rent Control: No
  • Total Expenses: 32985.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18129.00
  • Tax Census Tract: 864.05
  • Tax Lot: 1,2
  • Tax Tract Number: 086405
  • TaxOtherAnnualAssessmentAmount: 1035.00
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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
06/14/2024 06/14/24 Sold $1,650,000 0.0% $435 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/06/2024 05/06/24 Price Changed $1,650,000 -8.3% $435 / Sq Ft
03/12/2024 03/12/24 For Sale $1,800,000 -- $474 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,399 $1,683,000 $1,377,000 $306,000
2024 $16,399 $1,394,398 $1,150,108 $244,290
2023 $16,056 $1,367,057 $1,127,557 $239,500
2022 $15,856 $1,340,252 $1,105,448 $234,804
2021 $15,886 $1,313,973 $1,083,773 $230,200
2020 $15,821 $1,300,500 $1,072,660 $227,840
2019 $15,346 $1,275,000 $1,051,627 $223,373
2018 $15,029 $1,250,000 $1,031,006 $218,994
2017 $4,512 $323,311 $55,347 $267,964
2016 $4,494 $316,972 $54,262 $262,710
2015 $4,449 $312,211 $53,447 $258,764
2014 $4,202 $306,096 $52,400 $253,696
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24050231

California Regional Multiple Listing Service (CRMLS)

APN: 035-350-49

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