NOT LISTED FOR SALE
6 Beds
6 Baths
3,413 Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: April 7, 2023

Last sale price $1,274,200 $373 Per Sq Ft

2 Days on Market

Highlights

  • Laundry Room
  • Villa Park High School Rated A
  • Ceiling Fan

About This Home

As of April 2023

We are proud to exclusively present for sale this 4-unit multifamily property located at 3900 E Riverdale Ave, Anaheim. It is a two-story, four-unit apartment building bordering the desirable areas of Anaheim Hills and Orange. The building totals 3,414 square feet and is situated on 9,880 square foot lot. Originally built in 1964, this multifamily asset has ideal unit mix of two 2-bedroom/1.5-bathroom units and two 1-bedroom/1-bathroom units. Three of the units have upgraded wood laminate flooring and kitchen. The building includes five covered parking spots, a laundry room with landlord-owned machines, and a large storage room. Each unit is separately metered for gas and electricity. The property also has attractive curb appeal with a freshly painted exterior. While the current ownership has diligently maintained the property, the current ownership has not been aggressive in increasing rents. With current rents at least 20% below market, a new owner is presented with the opportunity to realize upside potential on the investment returns by increasing rents to meet the market. There are no local rent control restrictions for city of Anaheim (subject to AB 1482). 3900 E. Riverdale Ave. is within close proximity to Disneyland, Cal State Fullerton, Chapman University, Angel Stadium, Walmart, Kaiser Permanente Anaheim, and many more. Tenants also have easy access to the 91/55 freeways and Metro stations. The property offers an investor the rare opportunity to own an apartment property with real upside potential and to hedge against high inflation in the desirable city of Anaheim.

Last Agent to Sell the Property

David Lin

Colliers International Greater Los Angel License #01894476 Listed on: 03/01/2023

Last Buyer's Agent

Chris Pettit

Skyline Commercial Real Estate License #01983950

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 95x104

Interior Spaces

  • 3,413 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces
  • Covered Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 360-264-01

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two, One
  • Street Number Display: Yes
  • Living Area: 3413
  • Lot Acreage: 0.2300
  • Lot Dimensions: 95x104
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Laundry: Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 6.00
  • Equipment: Ceiling Fan, Range/Oven
  • Price Per S Q F T: 386.76

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 5
  • Covered Parking: 5
  • Parking Garage: Assigned, Covered Parking
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 12.21
  • Assessed Improvement Value: 131443
  • Assessed Land Percent: 87.79
  • Assessed Land Value: 945031
  • Total Assessed Value: 1076474
  • Assessor Parcel Number: 360-264-01
  • Lot Size Area: 10019

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.96
  • Number Of Units: 4
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 3.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Mar 24, 2023
Sold by
Bought by
Seller's Agent
David Lin
Colliers International Greater Los Angel
Buyer's Agent
Chris Pettit
Skyline Commercial Real Estate
List Price
$1,320,000
Sold Price
$1,274,200
Premium/Discount to List
-$45,800
-3.47%
Views
67

Purchase Details

Listed on
May 26, 2015
Closed on
Feb 19, 2016
Sold by
Bought by
Seller's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
Buyer's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
List Price
$975,000
Sold Price
$965,000
Premium/Discount to List
-$10,000
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.99%

Purchase Details

Listed on
Jul 16, 2014
Closed on
Oct 9, 2014
Sold by
Bought by
Seller's Agent
Ryan Moore
Ryan Moore, Broker
Buyer's Agent
Chuck Brewer
HomeSmart Realty Group
List Price
$850,000
Sold Price
$840,000
Premium/Discount to List
-$10,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Original Mortgage
$460,000
Interest Rate
0.042%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2014
Closed on
Oct 6, 2014
Sold by
Bought by
Seller's Agent
Ryan Moore
Ryan Moore, Broker
Buyer's Agent
Chuck Brewer
HomeSmart Realty Group
List Price
$850,000
Sold Price
$840,000
Premium/Discount to List
-$10,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
0.042%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2013
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
0.0295%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2000
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
0.0691%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 1997
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,274,500 Western Resources
$965,000 Commerce Title Orange
-- Commonwealth Land Title Co
-- Commonwealth Land Title Co
-- None Available
-- None Available
-- None Available
-- --
$216,000 First Southwestern Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $460,000
Closed $129,000
Closed $151,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2023 04/07/23 Sold $1,274,200 -3.5% $373 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $1,320,000 +36.8% $387 / Sq Ft
03/04/2016 03/04/16 Sold $965,000 -1.0% $283 / Sq Ft View Prior Sale
03/04/2016 03/04/16 Pending -- -- --
05/26/2015 05/26/15 For Sale $975,000 +16.1% $286 / Sq Ft
10/30/2014 10/30/14 Sold $840,000 -1.2% $246 / Sq Ft View Prior Sale
09/10/2014 09/10/14 Pending -- -- --
07/16/2014 07/16/14 For Sale $850,000 -- $249 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,815 $1,325,677 $1,181,082 $144,595
2024 $14,815 $1,299,684 $1,157,924 $141,760
2023 $12,625 $1,098,003 $963,932 $134,071
2022 $12,376 $1,076,474 $945,031 $131,443
2021 $12,037 $1,055,367 $926,501 $128,866
2020 $11,925 $1,044,546 $917,001 $127,545
2019 $11,780 $1,024,065 $899,020 $125,045
2018 $11,602 $1,003,986 $881,392 $122,594
2017 $11,130 $984,300 $864,109 $120,191
2016 $9,759 $852,810 $733,306 $119,504
2015 $9,631 $840,000 $722,291 $117,709
2014 $3,767 $488,115 $367,380 $120,735
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-245480

The MLS

APN: 360-264-01

Your Personal Tour Guide

Ask me questions while you tour the home.