Seller's Agent in 2021
Michael Arp
Morgan Skenderian
(714) 262-8992
1 in this area
44 Total Sales
2547 E Park Ln Anaheim, CA 92806
North Anaheim Neighborhood
9
Beds
7
Baths
4,634
Sq Ft
7,841
Sq Ft Lot
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Central Heating
- Valencia High School Rated A+
- Laundry Room
About This Home
As of March 2021First time on the market in over 20 years. The Park Lane 4-plex is a large Covington built 4-plex located in Northeast Anaheim; bordering Placentia. The building will provide an immediate return as current rents are just under $8,000 a month totaling over $95,000 a year. The structure is 4,634 square feet and features large 2 and 3 bedroom apartments. All units have patios/balconies, wall A/C units, central heat, tile flooring and have updated kitchen cabinets, stone countertops and bathroom vanities. Tenants enjoy enclosed garage parking and have access to an onsite laundry facility, which provides additional income to the owner. Operating costs at the building are minimal as tenants pay their own gas, electric and cable. The Park Lane apartments boast a current cap rate of 4.6% and with interest rates at all time lows, the investment will provide an immediate cash flow.
Last Agent to Sell the Property
Morgan Skenderian License #01488586 Listed on: 01/14/2021
Last Buyer's Agent
Thanh Pham
Citihome License #01823398
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1969
Lot Details
- 7,841 Sq Ft Lot
- 1 Common Wall
Parking
- 5 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Rear-Facing Garage
Home Design
- Property Attached
Interior Spaces
- 4,634 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 10
- Tax Tract Number 5231
- Assessor Parcel Number 34402101
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $1,622
- Other Expense $4,440
- New Taxes Expense $15,286
- Operating Expense $28,399
- Gross Income $96,300
- Net Operating Income $65,048
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2021 03/31/21 | Sold | $1,325,000 | -5.0% | $286 / Sq Ft |
| 03/04/2021 03/04/21 | Pending | -- | -- | -- |
| 01/14/2021 01/14/21 | For Sale | $1,395,000 | -- | $301 / 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 | $15,955 | $1,434,222 | $1,225,540 | $208,682 |
| 2024 | $15,955 | $1,406,100 | $1,201,509 | $204,591 |
| 2023 | $15,689 | $1,378,530 | $1,177,950 | $200,580 |
| 2022 | $15,569 | $1,351,500 | $1,154,852 | $196,648 |
| 2021 | $5,983 | $461,863 | $253,714 | $208,149 |
| 2020 | $5,990 | $457,128 | $251,113 | $206,015 |
| 2019 | $5,803 | $448,165 | $246,189 | $201,976 |
| 2018 | $5,733 | $439,378 | $241,362 | $198,016 |
| 2017 | $5,643 | $430,763 | $236,629 | $194,134 |
| 2016 | $5,536 | $422,317 | $231,989 | $190,328 |
| 2015 | $5,473 | $415,974 | $228,504 | $187,470 |
| 2014 | $5,318 | $407,826 | $224,028 | $183,798 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Arp
-
T
Buyer's Agent in 2021
Thanh Pham
Citihome
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21008145
APN: 344-021-01
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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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