$3,350,000
SOLD SEP 9, 2025
3 Beds
2 Baths
9,692 Sq Ft
0.34 Acres

Recently Sold

$346 Per Sq Ft

14% Below List Price

27 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Bike Trail

About This Home

As of September 2025

Pleased to present 1803 & 1807 Sumac Lane, a 14-unit investment opportunity located in Anaheim. Built in 1960 and consisting of one- and two-bedroom units, this property offers significant value-add potential with an estimated 47% in rental upside. The property features an onsite laundry facility, garages and a central courtyard for all tenants to use. Recent capital improvements include a hot water re-pipe, new gas lines (9 units), water heater (1807 building), and garage doors, making it a secure and promising addition to any investor's portfolio. Situated minutes away from notable attractions, including Disneyland Resort and Downtown Disney, tenants will enjoy convenient access to entertainment, shopping and employment opportunities.

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 07/18/2025

Co-Listed By

Paul Espinosa

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627

Last Buyer's Agent

Garrett Blair

Morgan Skenderian License #02026908

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • 12855137

Parking

  • 14 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 9,692 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 2222
  • Assessor Parcel Number 12855136
  • $1,865 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,463
  • Fuel Expense $6,463
  • Gardener Expense $1,080
  • Insurance Expense $9,692
  • Maintenance Expense $9,975
  • Other Expense $2,494
  • Professional Management Expense $4,800
  • Water Sewer Expense $6,463
  • New Taxes Expense $45,223
  • Operating Expense $93,903
  • Gross Income $257,100
  • Net Operating Income $155,484

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Parking

14

Listing Details

  • CapRate: 4.12
  • Price Per Unit: 269643
  • Professional Management Expense: 4800.00
  • Property Attached: No
  • Water Sewer Expenses: 6463.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 12855136
  • Year Built: 1960
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 345.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 12855137
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 14766.00
  • Lot Size Acres: 0.3390

Multi Family

  • Electric Expense: 6463.00
  • Fuel Expense: 6463.00
  • Gross Income: 257100.00
  • Gross Multiplier: 14.68
  • Gross Operating Income: 249387.00
  • Gross Scheduled Income: 257100.00
  • Insurance Expense: 9692.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 4800.00
  • Lot Size Area: 14766.0000 Square Feet
  • Maintenance Expense: 9975.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 155484.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 93903.00
  • Operating Expense Percent: 36.50
  • Other Expense: 2494.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 93903.00
  • Vacancy Allowance: 7713
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 45223.00
  • Tax Census Tract: 876.02
  • Tax Lot: 11
  • Tax Tract Number: 2222
  • TaxOtherAnnualAssessmentAmount: 1865.00

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 Change Sq Ft Price
09/09/2025 09/09/25 Sold $3,350,000 -11.3% $346 / Sq Ft
08/14/2025 08/14/25 Pending -- -- --
07/25/2025 07/25/25 Price Changed $3,775,000 -2.6% $389 / Sq Ft
07/18/2025 07/18/25 For Sale $3,875,000 -- $400 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25161418

California Regional Multiple Listing Service (CRMLS)