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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Schools
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
Financial
Map
Community
- Address2858 W Lincoln Avenue Anaheim CA
- Area79 – Anaheim West of Harbor
- CityAnaheim
- CountyOrange
- Zip Code92801
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Courtesy of Triqor Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2858 W Lincoln Avenue
Anaheim, CA
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