Seller's Agent in 2023
David Lin
Colliers International Greater Los Angel
(626) 257-8502
1 in this area
6 Total Sales
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
Colliers International Greater Los Angel License #01894476 Listed on: 03/01/2023
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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 | ||
| -- | -- |
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 |
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 |
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 |
Seller's Agent in 2023
David Lin
Colliers International Greater Los Angel
(626) 257-8502
1 in this area
6 Total Sales
Buyer's Agent in 2023
Chris Pettit
Skyline Commercial Real Estate
(949) 688-6530
2 in this area
23 Total Sales
Seller's Agent in 2016
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
23 Total Sales
R
Seller's Agent in 2014
Ryan Moore
Ryan Moore, Broker
C
Buyer's Agent in 2014
Chuck Brewer
HomeSmart Realty Group
Source: The MLS
MLS Number: 23-245480
APN: 360-264-01
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