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1221 E Lincoln Ave Anaheim, CA 92805

$9,500,000 Sold Price as of 06/17/2022

38 Beds
39 Baths
33,382 Sq.Ft.

Sold

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Map preview of 1221 E Lincoln Ave, Anaheim, CA 92805

Property Overview: 1221 E Lincoln Ave Anaheim, CA has 38 bedrooms, 39 bathrooms, 33,382 living square feet and 25,265 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Dory Apartments is a newly constructed 21-unit apartment community, well located in the heart of Anaheim, California. Completion of construction and issuance of the Certificate Of Occupancy is anticipated in the first quarter of 2022. The property is available for purchase either upon project completion or upon lease-up with stabilized occupancy. All market rate rental apartments with no affordable covenants or restrictions 33,382 building square feet situated upon a 24,339 square foot parcel, including: (1) 473sf studio unit, (2) 746sf one bedroom units, and (18) 957-1027sf two bedroom units. Features and amenities: open and spacious floor plans, covered parking, private balconies, central air conditioning & heating, tankless water heaters, gas ovens and ranges included, dishwashers included, washer & dryer hook ups in each unit. Close to the 57 and 91 Freeways, local entertainment, and amusement parks, such as Disneyland, Disney's California Adventure, Angel Stadium, the Honda Center, and stunning California beaches nearby. Some of the best shopping can also be found at the Anaheim GardenWalk and Downtown Disney which are also just a few minutes away, along with some of the area’s best food and nightlife venues like the Anaheim Packing House and Center Street Promenade.

Listed by Steven Jones | BRE #01153594 | Olympia Capital Corporation

Last checked: 15 minutes ago | Last updated: June 18th, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft: 25,265
HOA Dues: $0/mo
Year built: 2022
Garage: 43 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW22009201
City: Anaheim
County: Orange
Time on Site: 976 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 21
Total # of Buildings: 1
# of Leased Units: 0
# of Electric Meters: 20
# of Gas Meters: 20
# of Water Meters: 20

Unit Breakdown 1

# of Units: 2
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,045

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,475

Unit Breakdown 3

# of Units: 8
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,330

Unit Breakdown 4

# of Units: 4
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,370

Unit Breakdown 5

# of Units: 2
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,425

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,695

Unit Breakdown 7

# of Units: 2
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,395

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.68%
Gross Rent Multiplier: 14.9
Gross Scheduled Income: $624,090
Net Operating Income: $435,546
Gross Operating Income: $624,090
Vacancy Allowance: $0

Annual Expense Breakdown

Total Operating Expense: $188,544
Electric: $4,800
Gas/Fuel: $1,200
Trash: $12,000
Insurance: $8,000
Professional Management: $28,204
Water/Sewer: $12,000

Property Details for 1221 E Lincoln Ave

Interior Features

Laundry Information

Has Laundry
Gas Dryer Hookup, Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 43
# of Parking Spaces: 43
Has Parking
Parking Features: Assigned, Covered, Garage

Lot Information

Lot Features: 36-40 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 21
Parcel Number: 03535051
Year Built Source: Builder
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: Dory Apartments
Directions: on E Lincoln Avenue, near N East Street

Neighborhood Information

Community Features: Curbs, Gutters, Sidewalks, Urban

View more facts & features

Local Anaheim Agent

Sale History for 1221 E Lincoln Ave

Last sold for $9,500,000 on June 17th, 2022

January, 2022
Jan 16, 2022

Date

Active

CRMLS: PW22009201

$9,300,000

Price
November, 2017
Nov 1, 2017

Date

Sold

CRMLS: OC17148388

$1,250,000

Price
Sep 22, 2017

Date

Pending

CRMLS: OC17148388

$1,420,000

Price
Jul 16, 2017

Date

Active

CRMLS: OC17148388

$1,420,000

Price
Jul 1, 2017

Date

Active Under Contract

CRMLS: OC17148388

$1,420,000

Price
Jun 30, 2017

Date

Active

CRMLS: OC17148388

$1,420,000

Price
Listing provided courtesy of CRMLS

This property is situated in City of Anaheim with excellent street front visibility. Building contains 3,852 sq. ft., single story, on a 25,265 lot size, zoned Multi-Family Residential RM-4. Building is vacant. For development and appreciation of real property value, this property was allowed by city of Anaheim to build apartment or attached condo, with 20 ~ 25 units, each unit around 1200 sq. ft. Buyer needs to verify with Anaheim City. LOCATION HIGHLIGHTS: Population Growth and Increase. Strong Demographics is Over 600,000 People within a Five Mile Radius. Located is Approximately 4 Miles North of Disneyland Park, 3.5 Miles North of Future High Speed Railroad Station. Buyer needs to verify all the information. Sale "AS IS"

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October, 2015
Oct 30, 2015

Date

Sold (Public Records)

Public Records

$1,000,000

Price
May, 2000
May 31, 2000

Date

Sold (Public Records)

Public Records

$100,000

Price

Tax History for 1221 E Lincoln Ave

Assessed Value (2020): $1,275,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,020,000	$255,000	$1,275,000

Home Value Compared to the Market

This property vs the competition

1221 E Lincoln Ave sold on June 17, 2022 for 975.14% higher than the current median sold price for the city of Anaheim which is $865,000. The median sold price per/sqft for Anaheim is $587 and this home is sold at $278.59 per/sqft which puts the price per square foot 52.54% lower than the current median sale per square foot for the city of Anaheim.

About 1221 E Lincoln Ave

Detailed summary of property

1221 E Lincoln Ave is a multi family that recently sold in Anaheim, CA 92805. This multi family property offered 38 bedrooms, 39 bathrooms, roughly 33,382 living square feet, and sits on an approximately 25,265 square foot lot. 1221 E Lincoln Ave was first listed on ArdentRealEstateGroup.com on January 16, 2022. The homeowner sold the property for $9,500,000. Home in Anaheim are selling for a median price of $865,000 and a median price per square foot of $587. Based on Ardent Real Estate Group's Anaheim Market Data, this home is sold 975.14% higher than the current median priced home. Local homes that are currently for sale include 5406 Lexington Ave, 3524 Chesapeake Ave and 1215 N Sycamore Ave. While the average home in Anaheim, CA is selling in 50 days, 1221 E Lincoln Ave has a days on market of 19 days. There are currently 293 homes for sale in the Anaheim real estate market and 181 of them are single family homes while 83 of them are condos and 29 are townhomes. For more information on this home for sale at 1221 E Lincoln Ave Anaheim, CA 92805 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 1221 E Lincoln Ave

Public county record property details

Beds: --
Baths: --
Year built: 1975
Sq. Ft.: 3,852
Lot Size: 24,615
Stories: --

Type: Commercial Building, Mail Order, Show Room (Non-Auto), Commercial Whse
Pool: No
Spa: No
County: Orange
Lot#: --
APN: 035-350-51

The source for these homes facts are from public records.

92805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$813,000

Median List Price/Sq.Ft.

$568

Median Sold Price

$862,000

Median Sold Price/Sq.Ft.

$556

Total Inventory

Median Sale to List Price %

101.53%

Avg Days on Market

Loan Type

Conventional (70.83%), FHA (0%), VA (4.17%), Cash (12.5%), Other (12.5%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.