2858 W Lincoln Avenue
Anaheim, CA, 92801
$1,495,000
Beds
0 Baths
SqFt
0.17 Acres
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We are pleased to present Lincoln Apartments, a 4-unit apartment building in Anaheim, CA. The property consists of large 2 and 3-bedroom units with patios/balconies and garage parking spaces. The asset also features individual gas and electric meters and a shared laundry facility. Having been professionally managed throughout ownership, the property is on the market for the first time in 24 years. With strong in-place rents, this property offers an investor the opportunity to acquire a high cash-flowing asset generating a 4.8% cap rate with current rents, 6.3% with market rents. This property is ideal for investors seeking a well-priced, value-add opportunity in a sought-after location.

Property Details

Price:
$1,495,000
MLS #:
PW24152339
Status:
Active Under Contract
Baths:
0
Address:
2858 W Lincoln Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
79anaheimwestofharbor
City:
Anaheim
Listed Date:
Jul 24, 2024
State:
CA
ZIP:
92801
Lot Size:
7,585 sqft / 0.17 acres (approx)
Year Built:
1976
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Interior

Exterior

Community Features
Sidewalks
Garage Spaces
6.00
Lot Features
Rectangular Lot
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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2858 W Lincoln Avenue
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